Thursday, November 21, 2013

Sabra Invests in North Texas Medical Properties

FRISCO (GlobeSt.com) – Sabra Health Care REIT Inc. has invested roughly $230 million in two area medical facilities and earmarked an additional $66 million for a third.

Forest Park Medical Center-Frisco was purchased Tuesday. The 54-bed, acute-care hospital was bought for $119.8 million. It contains 30 inpatient rooms, 14 family suites, ten ICU beds and 12 operating rooms.

Sabra also entered into a $110 million mortgage loan secured by Forest Park Medical Center-Dallas, an 84-bed, acute-care hospital. The loan has a three-year term and an 8 percent fixed interest rate. Sabre has the option to purchase the facility securing the Forest Park- Dallas Mortgage Loan for up to $168 million.

For the rest of the article: http://us6.campaign-archive1.com/?u=982bc65a76b40d9b51cfa8cd3&id=b460d6c206&e=cefc46b5ff