Sabra Health Care REIT, Inc. Completes the Disposition of Two Skilled Nursing Facilities Leased to Genesis
Sabra 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.
ABOUT SABRA
Sabra 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.
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