Sabra Signs Two Acquisition Deals
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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 .
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