Sabra Health Care REIT, Inc.

The company operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. Its primary business involves acquiring, financing, and owning real estate property leased to third-party tenants in the healthcare sector. The company primarily generates revenues by leasing properties to tenants and owning properties operated by third-party property managers across the United States and Canada. Its investment portfolio mainly consists of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, all leased to third-party operators. The portfolio also includes senior housing communities operated by third-party property managers under property management agreements (Senior Housing - Managed), investments in joint ventures, loans receivable, and preferred equity investments. The company aims to grow and diversify its investment portfolio by tenant, facility type, and geography within the healthcare sector. This is primarily achieved by making direct or indirect investments in healthcare real estate, including developing purpose-built healthcare facilities with select developers. The company also intends to diversify its portfolio through select asset sales and other arrangements with tenants. It elected to be treated as a REIT with the filing of its U.S. federal income tax return for the taxable year beginning January 1, 2011.