Major buyers have been more cautious to invest in large senior housing portfolios due to high prices, raising the question of whether the market has peaked. Some top executives say that it has, and that 2016 could see the completion of bigger deals. Despite a record-high transaction volume in the senior housing sector, real estate investment trusts […]
Sabra Health Care REIT (Nasdaq: SBRA), one of the nation’s major senior housing owners, continues to have trouble with a different part of its portfolio. Specifically, the company is dealing with another blow as two more Texas-based physician-owned hospitals in its portfolio filed for bankruptcy relief on Monday. This wasn’t the first bankruptcy rodeo for […]
It’s still too early to tell whether changes in cost of capital and the anticipated uptick in interest rates will influence senior housing asset prices and cap rates, according to HCP, Inc. (NYSE: HCP) President and CEO Lauralee Martin. Martin sat down with REIT.com at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at […]
Interplay between skilled nursing facilities (SNFs) and assisted living communities is certainly nothing new, but some signs suggest it makes more sense than ever to co-locate these services. Yet, even with the implementation of the Affordable Care Act and further emphasis on moving patients through the continuum of care as efficiently as possible, industry leaders see […]
Construction of both memory care and assisted living campuses has bounced back following the recession, but potential competition between the two has some industry leaders skeptical of supply-demand stability. Sabra Health Care REIT (Nasdaq: SBRA) Chairman and CEO Rick Matros is bullish on standalone memory care, but believes a boom could undermine assisted living occupancy. Imran […]
Sabra Acquires Nine Senior Housing Facilities for $84.7 Million Maryland-based Sabra Health Care REIT (Nasdaq: SBRA) announced the acquisition of a portfolio of four senior housing facilities in Washington and Oregon, as well as the acquisition of a portfolio of five senior housing facilities in Illinois. On Sept. 1, Sabra acquired the Life’s Journey Senior […]
One of the nation’s major owners of senior housing real estate, Sabra Health Care REIT Inc. (Nasdaq: SBRA), is facing a challenge in another part of its portfolio, as a hospital tenant filed for bankruptcy protection earlier this week. The tenant of the Forest Park Medical Center-Frisco filed a petition for relief under Chapter 11 […]
Dramatic developments over the past few weeks have redrawn the lines on the playing field for senior housing real estate investment trusts operating in the shadow of the so-called “Big Three.” While it remains to be seen which of these smaller-cap REITs gain steam and which struggle given the new normal, at least one analyst […]
Ventas Inc. (NYSE: VTR) has now officially spun off the majority of its skilled nursing assets into a new real estate investment trust that began trading Tuesday on the New York Stock Exchange. The new entity, Care Capital Properties Inc. (NYSE: CCP), is pursuing a $900 million pipeline and is looking to grow in key […]
Last month’s record-setting disposition price for a portfolio of skilled nursing facilities (SNFs) may be a bellwether, signaling that more senior living players may soon be paying premium prices for post-acute assets, a recent analysis suggests. Sabra Health Care REIT, Inc. (Nasdaq: SBRA) in late June agreed to acquire four SNFs in Maryland for $234 […]
