Sabra Health Care REIT, Inc. exercised an option to acquire Park Manor at Bee Cave from Meridian Realty Advisors LP for $12.7 million.
January 22, 2018
Share
Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) exercised an option to acquire Park Manor at Bee Cave from Meridian Realty Advisors LP for $12.7 million on December 15, 2017. The purchase price includes $2 million used to repay a portion of related loan receivable investment. The property has an annualized GAAP income of $1.4 million. The acquisition is expected to be accretive to Sabra. David Fasano, Ryan Maconachy and Chad Lavende of HFF, Inc. (NYSE:HF) marketed the property on behalf of Meridian Realty Advisors.
Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) completed the acquisition of Park Manor at Bee Cave from Meridian Realty Advisors LP on December 15, 2017.
Sabra Health Care REIT, Inc. operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company's primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Its investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed); investments in joint ventures; loans receivable, and preferred equity investments. Its real estate properties held for investment include approximately 37,834 beds/units, spread across the United States and Canada.
SABRA HEALTH CARE REIT, INC. 
