Sabra Health Care REIT Inc is a self-managed real estate investment trust (REIT) with a focus on acquiring, owning, and investing in real estate assets connected to the healthcare industry in the US. The firm’s properties are leased to third-party tenants in the healthcare sector including specialty hospitals, senior housing communities, and skilled nursing and transitional care facilities. The trust is based in Irvine, California, and was established in 2010.
The firm owns over 400 properties across the United States, with a focus on properties housing health and senior care facilities, with strong rent coverage, limited near-term lease expirations, and nimble local and regional operators. The self-administered trust maintains a strong and profitable portfolio, regularly evaluating properties and transferring capital from older, now obsolete assets into properties with a higher value and return for investors.
In 2017, the company merged with Care Capital Properties Inc. in an all-stock merger that led to the firm having a pro forma total market capitalisation of $7.4bn. The company continued to be run under the Sabra name with the same management team. The firm trades on the NASDAQ, where it is listed under the ticker SBRA.
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