California REIT buys two Tampa area assisted-living facilities

BUYER: Sabra Health Care Holdings III LLC, Irvine, Calif.
SELLER: Delaney Creek Lodge PLL
PROPERTY: 320 S. Lakewood Drive, Brandon
PRICE: $11.12 million
PREVIOUS PRICE: $395,000, July 1998
SELLER: West Winds Prime LLC
PROPERTY: 37411 Eiland Blvd., Zephyrhills
PRICE: $10.22 million
LAW FIRM ON DEED: G. Michael Mackenzie PA, Dunedin

PLANS, DESCRIPTION:
Sabra Health Care REIT Inc. purchased two Gulf Coast assisted-living facilities for $21.3 million. The Irvine, Calif.-based real estate investment trust purchased the 86-bed Delaney Creek Lodge in Brandon for $11.12 million and 85-bed West Winds Assisted Living Facility in Zephyrhills for $10.22 million.

The combined price equated to $124,804 per bed.