Sabra Health Care REIT Buys Seven SHOP Communities
The healthcare REIT closed a seven-community senior housing acquisition in the third quarter of 2026.
Updated on Nov. 3, 2026 in Healthcare
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Sabra Health Care REIT closed on the acquisition of a seven-community SHOP portfolio for about $222.8 million in the third quarter of 2026. The company later invested an additional $140.7 million to buy a four-property portfolio.
Why it matters
The deals reflect Sabra's continued focus on SHOP properties, which the company is working to make up half of its portfolio by the end of next year. The purchases add to the company's diversification across property types in healthcare real estate.
Sabra has transacted on $747.2 million in investments in 2026 and owned 117 SHOP properties and 207 skilled nursing facilities as of the third quarter. The company is spinning up another $425 million in investments, with $385 million earmarked for SHOP acquisitions.
The players
Sabra Health Care REIT
A healthcare real estate investment trust based in Tustin, California, traded on Nasdaq under the symbol SBRA, that owns senior housing and skilled nursing properties.
The details
Sabra closed the seven-community SHOP acquisition for about $222.8 million, then invested $140.7 million in a four-property portfolio. The company plans $425 million in further investments, including $385 million for SHOP acquisitions, $25 million for skilled nursing deals and $15 million for preferred equity.
Timeline
Third quarter of 2026: Sabra closed the seven-community SHOP portfolio acquisition.
After the third quarter of 2026: Sabra bought the four-property portfolio for $140.7 million.
Tuesday, November 3, 2026: Sabra held its third-quarter earnings call.
Market Landscape
Sabra's push into SHOP properties follows a broader shift among healthcare REITs toward operating senior housing alongside traditional skilled nursing holdings. The company's stated goal of making SHOP half its portfolio by the end of next year positions it within that competitive trend.
For patients and families considering senior housing or skilled nursing care, changes in ownership and portfolio mix can affect the operators and facilities available in local markets. The company's investment priorities signal where additional senior living capacity is likely to expand.
The takeaway
Healthcare REIT investment is shifting toward operating senior housing, which changes how capital is deployed across the sector. Readers tracking long-term care availability can watch these portfolio mix changes as an indicator of where new capacity will come from.
What happens next
Sabra's SHOP portfolio is projected to reach half of its total portfolio by the end of 2027.
Further reading
Explore more healthcare industry coverage for context on senior housing and skilled nursing investment.
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