Month: May 2017

Pebblebrook Plays New Tune at Historic Nashville Hotel

Nashville, Tennessee, has never been a target market for Pebblebrook Hotel Trust (NYSE: PEB), but that didn’t stop the lodging REIT from investing $52 million in a downtown hotel that was a perfect fit with the company’s strategy in every other respect. Located inside a 19th century railroad station that is a National Historic Landmark, …

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Health Care REITs Sabra and Care Capital to Merge in $7.4 Billion Deal

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and Care Capital Properties, Inc. (NYSE: CCP) said May 7 that they will combine in an all-stock merger to create a company with a pro forma total market capitalization of $7.4 billion. The new company will operate under the Sabra name. Sabra’s current management team, led by Chairman …

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