Sentences with phrase «existing master lease»

Simultaneous with the purchase, the company added the property to an existing master lease with an unrelated third - party operator at an initial cash yield of 9 percent and an incremental GAAP yield of 10.8 percent.

In connection with the acquisition, Sabra amended its existing master lease with Aurora to include these three facilities with the two facilities we currently lease to Aurora and to extend the term by six months.