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Sabra amends Senior Care portfolio sale to retain 10 properties

Jan 29, 2019 - SNL Real Estate Daily

Sabra Health Care REIT Inc. said it is now selling 28 Senior Care Centers-operated facilities for $282.5 million after it amended a previous $385.0 million agreement for the sale of 38 facilities.

Healthcare real estate investment trust Sabra will retain the remaining 10 facilities and lease them to one or more new partners. The REIT said it expects the value of the retained facilities to be between $95 million and $105 million.

The sale of the 28 facilities and the transition of the...