SABRA HEALTH CARE REIT INC (SBRA)

Overview

As of September 30, 2023, Sabra's investment portfolio boasts an extensive collection of 377 real estate properties held for investment. This diversified portfolio encompasses various types of facilities designed for healthcare and senior living, including Skilled Nursing and Transitional Care facilities, senior housing communities, Behavioral Health facilities, Specialty Hospitals, and other specialized healthcare venues. Geographically, these properties are spread across both the United States and Canada, totaling 37,606 beds and units. In addition to its real estate holdings, Sabra also engages in multiple financial investments and joint ventures, catering to a spectrum of healthcare needs and delivering opportunities for growth in the sector.

Products and Services

• Skilled Nursing/Transitional Care Facilities:

  Sabra operates 240 properties focused on skilled nursing and transitional care, serving patients who require short-term rehabilitation or long-term care due to health conditions. These facilities provide a blend of professional medical care and supportive services aimed at improving the quality of life for residents.

• Senior Housing Communities (Leased):

  With 43 leased senior housing communities, Sabra offers a home-like environment for independent and assisted living. These communities cater to older adults seeking a supportive and enriching setting that promotes social engagement and personal autonomy.

• Senior Housing Communities (Managed):

  The 61 managed senior housing communities are operated by third-party property managers, allowing for professional oversight and operational efficiencies while ensuring high-quality care and services for residents.

• Behavioral Health Facilities:

  Sabra's investment in 18 Behavioral Health facilities addresses the growing need for mental health services. These specialized facilities offer treatment programs that cater to a variety of psychological and emotional disorders, aiming to provide comprehensive care for individuals facing mental health challenges.

• Specialty Hospitals and Other Facilities:

  With 15 specialty hospitals and other unique healthcare facilities, Sabra invests in venues that provide targeted care in various medical disciplines, enhancing the healthcare options available to communities and ensuring specialized treatment for complex health issues.

• Investments in Loans Receivable:

  Sabra holds 12 investments in loans receivable, including two mortgage loans and 10 other loans. These financial instruments enable the company to support healthcare projects and development while generating a stable revenue stream.

• Preferred Equity Investments:

  Sabra's five preferred equity investments provide a way to participate in the returns of healthcare-related projects with reduced risk, allowing for tailored investment opportunities in the growing healthcare market.

• Investments in Unconsolidated Joint Ventures:

  The company has made two investments in unconsolidated joint ventures, collaborating with other entities to develop properties and enhance its portfolio, thereby sharing both risk and reward in strategic healthcare initiatives.