other material
confidence high
sentiment neutral
materiality 0.60
Sabra closes $290M RCA mortgage loan, buys Jasper senior housing for $26.3M, transitions 3 SNFs to Ensign
Sabra Health Care REIT, Inc.
- First tranche of $325M RCA mortgage loan funded at $290M, secured by six addiction treatment centers; second $35M tranche contingent on debt service coverage.
- Acquired 113-unit Jasper, IN senior housing for $26.3M; triple-net lease at 6.93% with CPI escalator (floor 2.25%, ceiling 3.0%); 94% occupied, 1.20x coverage.
- Transitioned three skilled nursing facilities (348 beds) in Idaho and Texas to Ensign Group affiliates under 20-year master lease at $1.9M initial annual rent.
- Leases include extension options: Jasper 15-year initial with two 5-year options; Ensign 20-year initial with two 5-year options.