The rapid spread of Covid-19 is putting new communities at risk every day — and providers across the country should prepare for an outbreak near them sooner rather than later. As of Wednesday, almost 53% of roughly 33,000 U.S. senior housing and care communities in the U.S. are located in or adjacent to a county […]
Sabra Health Care REIT
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 […]
Pam Kessler joined LTC Properties (NYSE: LTC) during a time of crisis for the real estate investment trust and the whole senior housing and care industry. After that trial by fire, Kessler helped lead the REIT through a long period of industry stability — but that has ended. Having started in accounting with Ernst & […]
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 […]
Thanks in large part to dynamic pricing that took effect over the summer, Sabra Health Care REIT (Nasdaq: SBRA) just posted best-ever quarterly revenue and margin numbers for its joint venture portfolio of Enlivant senior housing communities. Irvine, California-based Sabra in 2017 acquired a 49% stake in the Enlivant portfolio jointly owned with private equity […]
Sabra completes $350M debt offering Sabra Health Care REIT (Nasdaq: SBRA) completed an underwritten public offering of $350 million worth of 3.9% senior notes due in 2029. The Irvine, California-based health care real estate investment trust filed a Form 8-K with the Securities and Exchange Commission on October 7, announcing the closing. Proceeds will be […]
Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA) is on the hunt for an investor to take a minority stake in a portfolio of 170 senior living communities operated by Chicago-based Enlivant. Sabra purchased a 49% equity stake in the portfolio in 2017, in a deal that valued the overall portfolio at $1.2 billion. The […]
Solvere Living is a third-party management service with a growing list of ownership and development partners. But the company has plans to own real estate within the next three years, and its parent organization has a unique slate of services intended to keep it busy during the ebb and flow of the cyclical senior living […]
A persistent pricing disconnect in the senior housing M&A market is limiting acquisitions for LTC Properties (NYSE: LTC), CEO Wendy Simpson said Thursday in announcing Q1 2019 earnings. The Westlake Village, California-based real estate investment trust (REIT) is taking advantage of current market dynamics to sell some properties and also has been trying to resolve […]
Following an eventful 2018 that included the bankruptcy of a major skilled nursing tenant, Sabra Health Care REIT (Nasdaq: SBRA) anticipates a quieter 2019 that is focused on fundamentals. Specifically, the Irvine, California-based real estate investment trust will be pushing to de-lever the balance sheet and secure acquisitions, CEO Rick Matros said Monday on a […]
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