RECENT REAL ESTATE ACQUISITIONS (CONSOLIDATED)

3 Months Ended

Mar. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

RECENT REAL ESTATE ACQUISITIONS (CONSOLIDATED)

During the three months ended March 31, 2026, the Company acquired three Senior Housing - Managed communities and one skilled nursing/transitional care facility. During the three months ended March 31, 2025, the Company exercised its option to acquire 24 units on the campus of one of its Senior Housing - Leased communities. The consideration was allocated as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Land	$	11,027	$	499
Building and improvements	73,671		7,215
Tenant origination and absorption costs intangible assets	11,271		110
Tenant relationship intangible assets	132		30
Total consideration	$	96,101	$	7,854

The tenant origination and absorption costs intangible assets and tenant relationship intangible assets had weighted-average amortization periods as of the respective dates of acquisition of two years and 20 years, respectively, for the acquisitions completed during the three months ended March 31, 2026. The tenant origination and absorption costs intangible assets and tenant relationship intangible assets had amortization periods as of the date of acquisition of 14 years and 24 years, respectively, for the acquisition completed during the three months ended March 31, 2025.

For the three months ended March 31, 2026, the Company recognized $3.3 million of total revenues and $0.1 million of net income from the facilities acquired during the three months ended March 31, 2026.

During the three months ended March 31, 2026, the Company, in accordance with the terms of the agreements pursuant to which it purchased the operations of four Senior Housing - Managed communities previously leased under triple-net operating leases, paid $1.2 million in additional consideration as certain conditions were satisfied. This amount is included in lease intangible assets, net on the accompanying consolidated balance sheets.

Sabra Health Care REIT, Inc. 10-Q