secwatch.observer — SEC 8-K summary
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Issuer:     Sabra Health Care REIT, Inc. (SBRA)
CIK:        0001492298
Form:       8-K
Filed at:   2021-10-18T23:59:59+00:00
Accession:  0001193125-21-300656
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sabra closes $290M RCA mortgage loan, buys Jasper senior housing for $26.3M, transitions 3 SNFs to Ensign
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1492298/000119312521300656/0001193125-21-300656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1492298/000119312521300656/d46002d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-300656

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