Sabra, TPG Sell 8-Property Enlivant Portfolio in Pacific Northwest

A joint venture of Sabra Health Care REIT (Nasdaq: SBRA) and private equity firm TPG completed a sale of eight senior housing communities totaling 321 units in Oregon and Washington state to an Arizona-based private investor making its first senior housing acquisition. These communities were operated by Enlivant and were underperforming, Sabra CEO Rick Matros […]

Aegis, Sabra, New Perspective Adapt Strategies for Covid-19 Paradigm Shifts

When will the Covid-19 pandemic end? Not anytime soon, according to the leaders behind Aegis Living, New Perspective and Sabra Healthcare REIT (Nasdaq: SBRA). All three companies are making preparations now to position their companies to weather the pandemic for the next 24 to 36 months. For instance, Aegis has formed a “virus council” made […]

Sabra CEO: No Clear Pattern In How Covid-19 Spreads Through Senior Living Communities

Senior housing has so far managed to weather Covid-19 better than some feared, according to Rick Matros, CEO of Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA). However, he emphasizes that more testing is needed to keep the senior housing communities safe and secure — particularly because Covid-19 has spread through Sabra’s buildings in odd […]

Transactions & Financings: Covid-19 Market Instability Halts About $325M in Acquisitions

Columbia Pacific-Singapore Press Holdings Canadian portfolio deal Columbia Pacific Advisors and Singapore Press Holdings mutually agreed to terminate a previously announced sale of a six-property, 717-unit Canadian senior housing portfolio due to global market instability stemming from the Covid-19 pandemic. The acquisition price was about $175 million, Deal Street Asia reported Wednesday. Singapore Press Holdings […]

Sabra Holds On New Enlivant JV, Announces $150M Senior Housing Deal

Sabra Health Care REIT (Nasdaq: SBRA) is turning its attention to returning to growth in 2020 and beyond, having spent 2019 revamping its portfolio and implementing a dynamic pricing strategy for its Enlivant senior housing communities. For the time being, The Irvine, California-based REIT is taking a wait-and-see approach before making any further moves with […]

Transactions & Financings: CBRE’s $615M November; Watermark Grows with Acquisition

Berkadia completes $159M in recent senior housing deals Berkadia’s Senior Housing & Healthcare Group closed on the following senior housing transactions, totaling $158.9 million in transaction value: — Senior Directors Ed Williams and Rafael Nobo arranged a $107.6 million Fannie Mae master credit facility for eight independent living, assisted living and memory care communities in […]