The top executives behind some of the largest publicly traded senior living owners and operators in the U.S. took home a pretty penny last year. In 2017, leaders at real estate investment trusts Ventas (NYSE: VTR), Welltower Inc. (NYSE: WELL), and HCP, Inc. (NYSE: HCP) earned the Read More »
Sabra Plans to Pounce Amid ‘Unrealistic’ Senior Housing Prices
Private equity firms are offering and sometimes paying unrealistic prices for senior housing properties—and that practice is creating opportunities for the senior housing buyers whose bids were originally too low. That’s according to Sabra Health Care REIT (Nasdaq: SBRA) Chairman and CEO Rick Matros, who touched on Read More »
Sabra CEO: No Reason to Panic Over Senior Housing Downturn
Despite senior housing industry headwinds, don’t expect real estate investment trusts (REITs) to be taking aggressive steps to cut rents or lower escalators for operators as they have been for skilled nursing tenants. That’s according to Rick Matros, CEO of the Irvine, California-based Sabra Health Care Read More »
Tax Reform Could Strike Blow to Nonprofit CCRCs
Comprehensive tax reform took a big step forward with the passage of a Senate bill in the early hours of Saturday morning. As House and Senate lawmakers now work on hammering out a single version of the legislation, senior housing stakeholders are speaking out about their top Read More »
Sabra Pursues $1 Billion in Senior Housing Acquisitions
Sabra Health Care REIT is no stranger to acquisitions—and a number of senior housing acquisitions may be in its future. The Irvine, California-based real estate investment trust’s (REIT) acquisition pipeline currently stands at $1 billion, and it’s primarily made up of senior housing properties, as Read More »
Sabra CEO Answers Skeptics with Enlivant Deal
On Tuesday, Sabra Health Care REIT (Nasdaq: SBRA) announced it had entered into a definitive agreement to acquire a 49% equity interest in a joint venture that owns 183 senior housing communities managed by Chicago-based operator Enlivant. The move is a “proverbial strategic win-win-win” for Read More »
Sabra to Acquire 49% Stake in $1.62 Billion Enlivant Portfolio
Sabra Health Care REIT (Nasdaq: SBRA), which became the eighth-largest health care real estate investment trust (REIT) in the U.S. after a recent mega-merger, has plans to get even bigger. The Irvine, California-based REIT has entered into a definitive agreement to purchase a 49% equity Read More »
Sabra, CCP Mega-Merger Approved
Shareholders of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) on Tuesday approved the real estate investment trust’s (REIT’s) merger with Care Capital Properties (NYSE: CCP), ending a public battle involving multiple lawsuits and dissident hedge funds. For the full story, see our coverage on Skilled Nursing News. Read More »
Sabra’s CEO Fights Back Against CCP Merger Doubters
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) CEO Rick Matros used the company’s quarterly earnings call Thursday to strike back at activist investors looking to foil the impending merger with Care Capital Properties (NYSE: CCP). Matros, amid the disclosure of second-quarter revenues that beat projections, Read More »
Activist Shareholder Doubles Down Against $7.4 Billion Sabra Merger
An activist shareholder is doubling down on its opposition to the proposed $7.4 billion merger of Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP)—this time arguing that, rather than purchasing CCP, Sabra should actually consider putting itself up for sale to Read More »
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