Skilled Nursing REIT Sabra Makes $371M Senior Housing Play

September 19, 2017, Alex Spanko, Skilled Nursing News - Sabra Health Care REIT (Nasdaq: SBRA) took a major step toward reducing its skilled nursing concentration on Tuesday, announcing the acquisition of a minority stake in a $1.6 billion assisted living portfolio.  Sabra’s 49% stake in the deal, which includes 183 senior housing communities operated by the Chicago-based Enlivant, works out to about $371 million.  

The Irvine, Calif.-based real estate investment trust had justified its recent mergerwith Care Capital Properties, a nearly “pure play” skilled nursing REIT, by noting that it would allow Sabra to reduce its cost of capital and pursue bigger deals in the senior housing space.

Read full coverage of Sabra’s latest acquisition at Senior Housing News.