Sabra Health REIT Grabs $90M Senior Housing Portfolio

Law360, New York (February 18, 2014, 5:14 PM EST) -- Sabra Health Care REIT Inc. said Tuesday it has picked up a portfolio of six senior housing and skilled nursing facilities located near Omaha, Neb., in a $90 million sale-leaseback deal with affiliates of Nye Senior Services LLC.

The senior housing facilities, all within 100 miles of Omaha, have a total of 673 beds, including skilled nursing beds, independent living units and assisted living units, Sabra said. As part of the deal, the real estate investment trust entered into a 10-year lease agreement with Nye that...
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