Sabra Health Care REIT Inc. (NYSE: SBRA) is looking to grow by focusing more of its investments in the senior housing sector of the health care industry, according to Rick Matros, chairman and CEO of the California-based company.
Matros spoke with REIT.com in a video interview filmed in New York during REITWeek 2012: NAREIT's Investor Forum. He offered his thoughts on the growing demand for senior housing and medical office facilities.
When it comes to driving returns in the second half of the year, Matros said Sabra Health Care REIT is looking to grow by rolling out more senior housing facilities.
"We are really focused more on branching out into senior housing," he told REIT.com. "Our portfolio today is predominately skilled nursing, so executing on the pipeline, which consists of at least as much senior housing as skilled nursing, would be key for us."
Matros also said that while health care real estate offers many opportunities, from his perspective, skilled nursing, assisted living and memory care are among the best asset classes to own in the health care sector.
Having spent the majority of his career in the health care sector, Matros said he is interested in more than the business aspect of the industry. Matros volunteered to work with the elderly when he was in college. Afterward, he said he branched out into other aspects of the health care industry.
"I think that on a personal level, to be doing something you love in terms of just from a business perspective is great. But to have added to that the importance of taking care of people and providing for people who are dependent upon you for quality of life is meaningful," he said.
Sabra Seeks More Senior Housing
07/31/2012
| by
Allen Kenney