Sabra Signs Two Acquisition Deals
Why should you prepare for a security breach? Find out at cyberSecure. Gain the insights and relationships necessary protect your real and financial assets. In New York on December 15-16. National event.
FORT WORTH-Sabra Health Care REIT Inc. based in Irvine has announced the signing of two acquisition deals. The REIT acquired an assisted living facility and four nursing homes situated in Rockport and Dallas-Fort Worth Metroplex from Meridian Properties Fund I LP for a net price of $33 million. According to its $10 million mezzanine loan offered to the seller, Sabra had the choice to acquire the assets for $43 million.
Sabra also purchased a Minneapolis nursing home called the Camden Care Center for $7.2 million. For the full story, go to Orange County Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.