Delta Variant Prompts Rent Relief for Avamere, Sabra CEO Says

Sabra Health Care REIT (Nasdaq: SBRA), in a Monday statement to shareholders, said it will use an $11.9 million letter of credit to fund rent for Avamere Family of Companies from September through November. Wilsonville, Ore.-based Avamere leases 27 skilled nursing facilities and one continuing care retirement community (CCRC) with Sabra. The portfolio made up […]

Amid Opioid Epidemic, Drug Rehab Operators Eyeing SNF Properties

As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]

In the Pipeline: $70 Million CCRC Planned in Durham, N.H.

Construction: Planned Non-Profit’s Plan for $70 Million CCRC in N.H. Moves Forward A non-profit’s plan to build a new 222-unit continuing care retirement community (CCRC) in Durham, N.H., is steadily moving forward. RiverWoods Group is planning to build the CCRC on an 11-acre plot in the city, Foster’s Daily Democrat reported. As planned, the CCRC would […]