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Home > Real Estate News > Sabra Health Care REIT, Inc. Closes Sale of Forest Park Medical Center – Frisco

Sabra Health Care REIT, Inc. Closes Sale of Forest Park Medical Center – Frisco

Posted on: May 1, 2016 By: Staff

IRVINE, Calif., April 04, 2016 (GLOBE NEWSWIRE) — Sabra Health Care REIT, Inc. (NASDAQ:SBRA) (NASDAQ:SBRAP) announced today that it has closed on the previously-announced sale of its investments in the Forest Park Medical Center – Frisco hospital. The Company expects to use the proceeds from the sale and repayment of its debtor-in-possession loan investment to repay borrowings under the Company’s revolving credit facility.

ABOUT SABRA

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) (NASDAQ:SBRAP), 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. Sabra leases properties to tenants and operators throughout the United States and Canada.

The Sabra Health Care REIT, Inc. logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=8563

 

Contact: Investor & Media Inquiries: (949) 679-0410

Categories: Real Estate News

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