Business
Sabra Health Care REIT, Inc. Completes the Disposition of Two Skilled Nursing Facilities Leased to Genesis
IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that it completed the sale of two skilled nursing facilities
About this update from Sabra Health Care Reit, Inc.
[{"type":"text","content":" IRVINE, Calif.--(BUSINESS WIRE)--\nSabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that it completed the sale of two skilled nursing facilities located in Montana and leased to Genesis Healthcare, Inc. (“Genesis”) for a sales price of $14.4 million, inclusive of the assumption by the buyer of an aggregate $14.2 million of HUD-insured mortgage debt encumbering the facilities. As a result of this disposition, the total annual rental obligation from Genesis will decrease by approximately $1.1 million.\n\n\nABOUT SABRA\n\n\nSabra Health Care REIT, Inc. (Nasdaq: SBRA), a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a \"REIT\") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20200403005206/en/\n\nInvestor & Media Inquiries:\n1-888-393-8248 or [email protected]\n\nSource: Sabra Health Care REIT, Inc.","length":2054,"tagName":"div"}]