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Sabra Health Care REIT Inc Exercises Purchase Option And Acquires Skilled Nursing And Assisted Living Portfolio in Texas; Acquires An Additional Skilled Nursing Facility In Minnesota


Monday, 3 Dec 2012 09:01am EST 

Sabra Health Care REIT Inc announced that two acquisitions: a portfolio of three skilled nursing facilities and one assisted living facility in Texas, and a skilled nursing facility in Minnesota. The transactions were funded with available cash and proceeds from secured revolving credit facility. On November 30, 2012, Company exercised option to purchase and completed the acquisition of three skilled nursing facilities and one assisted living facility (collectively, the "Meridian Portfolio") located in the Dallas-Fort Worth Metroplex and Rockport, Texas from Meridian Senior Properties Fund I, L.P. ("MSPF"). With a total of 394 beds, the three skilled nursing facilities were built in 2001 or later and the assisted living facility was constructed in 1996. 

Company Quote

26.98
0.16 +0.60%
24 Oct 2014