Sabra ‘in all likelihood’ will exit Enlivant portfolio, Matros says, as REITs take varied approaches to senior living investments
Sabra Health Care REIT has yet to reach a decision about its joint venture with private equity firm TPG Real Estate, through which it has a 49% stake in a portfolio of dozens of Enlivant senior living communities, CEO Rick Matros said yesterday at Nareit’s REITweek 2021 Investor Conference. “In all likelihood,” however, he said, “our preference is going to be to exit the portfolio. The pandemic changed everything.”
