Behavioral Health Presents Real Estate Investors with Faster Break-Even Point, Less Predictable Business

The behavioral health industry presents real estate investors with a compelling opportunity compared to more traditional facility portfolio operators. But it comes with a trade-off. On one hand, some behavioral health facilities will hit their break-even point with just 50% to 60% occupancy. On the other hand, they are much less predictable businesses with shorter […]

‘Those Opportunities Don’t Come Up Very Often’: Sabra Opts For Steady Behavioral Growth

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. […]

Converting Facilities From Skilled Nursing to Behavioral Health May Save Money, Time

When it comes to creating new behavioral health facilities, buying used may be a better bet than building new. Adaptive reuse conversions involve transforming buildings previously used for another purpose into behavioral health facilities. An increasing portion of the facilities adapted to behavioral health uses are skilled nursing facilities (SNF) or assisted living facilities. If […]

Sabra’s Portfolio Is ‘The Most Diversified It Has Ever Been’ As It Moves to Add More Behavioral Health Facilities

Sabra Healthcare REIT (Nasdaq: SBRA) boasts its most diversified portfolio as it continues to invest in behavioral health properties. While most of the Irvine, California-based real estate investment trust’s (REIT) assets are in the skilled nursing facility (SNF) and senior living spaces, behavioral health now makes up about 14% of its asset concentration. “Our portfolio […]

Why REITs Could Be the ‘Knight in Shining Armor’ for Behavioral Health Investors, Operators

Partnering with real estate investment trusts (REITs) could be a major opportunity for certain behavioral health operators. That’s the case Sabra Health Care REIT (Nasdaq: SBRA) Chief Investment Officer Talya Nevo-Hacohen made during a panel chat at Behavioral Health Business event INVEST. Specifically, sponsor-backed operators that are dependent on a facility could be a good […]

Sabra Health Care Eyeing More Addiction Treatment Partnerships

Sabra Health Care REIT Inc. (Nasdaq: SBRA) is looking to expand its operator partnerships in behavioral health, especially in the addiction treatment space. Leaders of the Irvine, California-based real estate investment trust (REIT) said on a Tuesday third-quarter earnings call that behavioral health was a major investment sector for Sabra, right behind senior housing. “We […]

Sabra Health Care REIT Makes $800M Bet in Behavioral Health Sector

Sabra Health Care REIT (Nasdaq: SBRA) is investing $800 million into behavioral health as part of its plans to diversify its portfolio. The bulk of the REIT’s assets are in the skilled nursing facilities and senior living spaces. However, the company is expanding to include mental health and substance use facilities, attempting to tap into […]

Sabra Sees Big Opportunity for Behavioral Health, Finding Sophisticated Providers With Scalable Platforms is a Challenge

Real estate investment trust Sabra Health Care REIT (Nasdaq: SBRA) is prioritizing behavioral health as it continues its strategy to diversify revenue, Sabra CEO Mark Rick Matros said during the company’s Q1 earnings call. The company, which also has existing assets in the skilled nursing facility and senior living space, said that it is looking […]

REITs Are Making Moves in Behavioral Health — But Challenges Remain

Health care real estate investment trusts (REITs) have largely been absent from the behavioral health market, but major players have started to invest and could change the financing landscape for years to come. Health care REITs that have high exposure to senior housing and skilled nursing properties see similarities with the behavioral health space to […]

Hicks Ventures, Artemis Form $100M JV to Develop Medical and Behavioral Health Hospitals

Real estate firms Hicks Ventures and Artemis Real Estate Partners are collaborating on a $100 million joint venture (JV) to develop between 18-20 care facilities that include behavioral health hospitals. The JV – which will also encompass inpatient rehabilitation facilities – brings together the two firms who each have a sizable presence developing properties in […]