OMAHA—Sabra Health Care REIT, Inc. has just acquired for $90 million cash six senior housing facilities in the Midwest that have a total of 673 beds or units. The six sit within a 100-mile radius of Omaha and provide a variety of living arrangements including 292 skilled nursing beds, 213 independent living units and 168 assisted living units.
The trust has also just signed a 10-year triple-net master lease agreement that has rent escalators and renewal options with the operator, Nye Senior Services, LLC.
It's just the latest move the Irvine, CA-based trust has made to expand in the middle part of the country. As reported in GlobeSt.com last October, it recently spent more than $230 million and earmarked another $66 million for an investment in three Texas medical facilities. Sabra now has 127 properties under triple-net lease agreements across the US in its investment portfolio.
"This acquisition marks our first entry into Nebraska and aligns us with a terrific operator who has had success in operating senior housing and skilled nursing facilities, a valuable skill set," says Rick Matros, CEO and chairman of Sabra. "The management team also has expansion plans on the docket for certain existing assets, which we anticipate financing."
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
