Behavioral Health Business November 8, 2023
Sabra Healthcare REIT (Nasdaq: SBRA) plans to take an incremental approach to growing its behavioral health portfolio.
The Irvine, California-based real estate investment trust (REIT) has invested just over $800 million in the behavioral health space but finds opportunities to grow that business less frequently than its other segments, according to its Q3 earnings call.
Strategy
Sabra’s investment in behavioral health includes 17 properties and two mortgages. It is continuing to meet with established and smaller operators to expand its behavioral portfolio.
The REIT added Recovery Centers of America to its stabilized pool in the second quarter and found that it achieved profitability quicker than its other investments.
“The break-even point of this property type occurs at a much lower...
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