SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

December 31, 2012

(dollars in thousands)



				Initial Cost to Company						Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period											Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land		Building and Improve- ments⁽¹⁾		Total			Land		Building and Improve- ments⁽¹⁾⁽⁷⁾		Total		Accumulated Depreciation and Amortization			Original Date of Construction/ Renovation	Date Acquired
Skilled Nursing/Post-Acute Facilities
New Martinsville	New Martinsville, WV	100%	$ ⁽³⁾	$	475	$	10,543	$	11,018	—	$	475	$	10,496	$	10,971	$	(3,033	)	1982	11/15/10	39
Glenville	Glenville, WV	100%	—	484		2,839		3,323		—	484		2,827		3,311		(487		)	1982	11/15/10	40
Renaissance Terrace	Harriman, TN	100%	—	76		4,459		4,535		—	76		4,310		4,386		(1,560		)	1985/1989, 2008	11/15/10	38
Greenwood	Warwick, RI	100%	—	2,066		10,178		12,244		—	2,066		9,964		12,030		(2,570		)	1964	11/15/10	24
Pawtuxet Village	Warwick, RI	100%	—	1,275		6,602		7,877		—	1,275		6,384		7,659		(1,761		)	1968	11/15/10	24
Forest Hills (SNF)	Broken Arrow, OK	100%	⁽⁵⁾	1,653		11,259		12,912		—	1,653		11,230		12,883		(2,676		)	1994	11/15/10	40
Seminole Estates	Seminole, OK	100%	—	655		3,527		4,182		—	655		3,376		4,031		(520		)	1987	11/15/10	32
Bryan Care	Bryan, OH	100%	—	1,278		6,477		7,755		—	1,278		6,205		7,483		(1,317		)	1976	11/15/10	30
Sylvania	Sylvania, OH	100%	⁽⁶⁾	942		5,627		6,569		—	942		5,449		6,391		(1,529		)	1967/1974, 1986, 1995, 2008, 2009	11/15/10	24
Point Place	Toledo, OH	100%	—	1,089		5,364		6,453		—	1,089		5,268		6,357		(982		)	1995	11/15/10	36
Perrysburg	Perrysburg, OH	100%	—	987		5,358		6,345		—	987		5,156		6,143		(1,118		)	1984	11/15/10	32
Forest View	Dayton, OH	100%	—	819		4,214		5,033		—	819		4,078		4,897		(1,080		)	1968	11/15/10	24
New Lebanon	New Lebanon, OH	100%	—	784		4,243		5,027		—	784		4,004		4,788		(992		)	1979	11/15/10	28
New Lexington	New Lexington, OH	100%	—	63		3,487		3,550		—	63		3,364		3,427		(1,656		)	1981	11/15/10	20
Twin Rivers	Defiance, OH	100%	—	280		3,004		3,284		—	280		2,845		3,125		(636		)	1980	11/15/10	30
San Juan	Farmington, NM	100%	⁽²⁾	799		4,163		4,962		—	799		4,083		4,882		(961		)	1963/1993	11/15/10	24
McKinley Care	Gallup, NM	100%	⁽²⁾	409		1,865		2,274		—	409		1,864		2,273		(427		)	1968	11/15/10	24
Bedford Hills	Bedford, NH	100%	6,968	1,911		12,245		14,156		—	1,911		11,623		13,534		(2,185		)	1992/2010	11/15/10	36
Exeter on Hampton	Exeter, NH	100%	⁽⁴⁾	2,365		2,350		4,715		—	2,365		2,259		4,624		(1,151		)	1976	11/15/10	40
Pheasant Wood	Petersborough, NH	100%	—	625		3,986		4,611		—	625		3,638		4,263		(959		)	1975	11/15/10	28
Westwood	Keene, NH	100%	—	699		3,823		4,522		—	699		3,496		4,195		(991		)	1965/2010	11/15/10	24
Colonial Hill	Rochester, NH	100%	⁽⁴⁾	412		3,960		4,372		—	412		3,796		4,208		(1,046		)	1986	11/15/10	44
Crestwood Care	Milford, NH	100%	—	557		3,441		3,998		—	557		3,182		3,739		(859		)	1972	11/15/10	28
Applewood	Winchester, NH	100%	—	348		3,075		3,423		—	348		2,790		3,138		(638		)	1987	11/15/10	32
The Elms Care	Milford, NH	100%	—	312		1,679		1,991		—	312		1,540		1,852		(508		)	1890/1890	11/15/10	20
Woodland Hill	Asheboro, NC	100%	⁽⁶⁾	1,706		8,053		9,759		—	1,706		7,938		9,644		(1,477		)	1987	11/15/10	32
Missouri River	Great Falls, MT	100%	⁽²⁾	2,023		16,967		18,990		—	2,023		16,867		18,890		(4,225		)	1960/1990, 2010	11/15/10	30
Butte Care	Butte, MT	100%	⁽²⁾	1,092		12,654		13,746		—	1,092		12,583		13,675		(2,715		)	1974	11/15/10	35
Whitefish Care	Whitefish, MT	100%	⁽²⁾	651		6,339		6,990		—	651		6,306		6,957		(1,449		)	1973	11/15/10	35
Deer Lodge	Deer Lodge, MT	100%	⁽²⁾	190		3,032		3,222		—	190		3,016		3,206		(839		)	1973	11/15/10	30



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽⁶⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Twin Oaks	Danvers, MA	100%	—	885	5,100	5,985	—	885	4,481	5,366	(1,023	)	1969	11/15/10	24
Maplewood	Amesbury, MA	100%	—	771	4,550	5,321	—	771	3,967	4,738	(1,001	)	1968/1969	11/15/10	24
Saugus	Saugus, MA	100%	—	285	1,643	1,928	—	285	1,143	1,428	(352	)	1967	11/15/10	24
Kensington Manor	Elizabethtown, KY	100%	—	1,864	7,523	9,387	—	1,864	7,514	9,378	(1,532	)	2001/2010	11/15/10	37
Regency Care	Louisville, KY	100%	—	1,169	5,989	7,158	—	1,169	5,634	6,803	(1,441	)	1960	11/15/10	25
Paducah Care	Paducah, KY	100%	—	1,636	4,133	5,769	—	1,636	4,130	5,766	(1,135	)	1974/1974, 2008	11/15/10	28
Countryside Care	Bardwell, KY	100%	—	239	4,790	5,029	—	239	4,784	5,023	(1,045	)	1993/2010	11/15/10	35
Bradford Square	South Frankfort, KY	100%	—	774	3,848	4,622	—	774	3,610	4,384	(943	)	1960/1990	11/15/10	25
Hillside Villa	Madisonville, KY	100%	—	277	4,272	4,549	—	277	4,268	4,545	(1,319	)	1962/1978, 1997	11/15/10	25
Klondike Care	Louisville, KY	100%	—	764	3,576	4,340	—	764	3,385	4,149	(830	)	1974/1980, 1994, 1995, 2008	11/15/10	28
Colonial Manor	Bowling Green, KY	100%	—	792	3,050	3,842	—	792	3,043	3,835	(888	)	1963	11/15/10	25
Hopkins Care	Woodburn, KY	100%	—	592	2,277	2,869	—	592	2,275	2,867	(704	)	1960	11/15/10	25
Bridge Point	Florence, KY	100%	⁽⁶⁾	—	2,278	2,278	—	—	1,900	1,900	(629	)	1969/2008, 2009, 2010	11/15/10	20
Magnolia Village	Bowling Green, KY	100%	—	14	629	643	—	14	617	631	(376	)	1991	11/15/10	29
Decatur Township	Indianapolis, IN	100%	—	673	3,730	4,403	—	673	3,633	4,306	(826	)	1985	11/15/10	32
Gooding/Bennett Hills	Gooding, ID	100%	—	—	1,731	1,731	—	—	1,731	1,731	(443	)	1968/2009	11/15/10	40
Fountain City	Columbus, GA	100%	⁽³⁾	253	2,797	3,050	—	253	2,778	3,031	(1,307	)	1970	11/15/10	40
Etowah Landing	Rome, GA	100%	—	43	842	885	—	43	825	868	(352	)	1973/1977, 1987	11/15/10	40
Oakhurst	Ocala, FL	100%	^—	1,474	8,212	9,686	—	1,474	7,936	9,410	(1,801	)	1984/2010	11/15/10	32
Orchard Ridge	New Port Richey, FL	100%	^—	536	5,685	6,221	—	536	5,457	5,993	(1,197	)	1983/1995	11/15/10	32
Bay Tree	Palm Harbor, FL	100%	—	786	4,870	5,656	—	786	4,643	5,429	(1,195	)	1981	11/15/10	32
West Bay	Oldsmar, FL	100%	⁽⁶⁾	775	4,660	5,435	—	775	4,313	5,088	(1,005	)	1982/2010	11/15/10	32
Sunset Point	Clearwater, FL	100%	⁽⁶⁾	706	4,370	5,076	—	706	4,124	4,830	(1,023	)	1983	11/15/10	32
Arden House	Hamden, CT	100%	20,822	2,250	23,816	26,066	—	2,250	23,287	25,537	(4,865	)	1973/2008, 2010	11/15/10	28
Pope John Paul	Danbury, CT	100%	⁽⁶⁾	—	13,702	13,702	—	—	13,680	13,680	(3,187	)	1983/2009	11/15/10	32
St. Camillus	Stamford, CT	100%	—	—	12,528	12,528	—	—	12,513	12,513	(3,110	)	1987/2008	11/15/10	32
Madison House	Madison, CT	100%	—	4,337	8,164	12,501	—	4,337	7,948	12,285	(1,421	)	1994/2009, 2010	11/15/10	36
Willows (CT)	Woodbridge, CT	100%	—	1,838	9,961	11,799	—	1,838	9,464	11,302	(1,960	)	1989/2011	11/15/10	32
The Reservoir	West Hartford, CT	100%	9,992	1,204	9,457	10,661	—	1,204	9,243	10,447	(1,682	)	1995/2009, 2011	11/15/10	36
Glen Hill	Danbury, CT	100%	⁽⁶⁾	918	7,017	7,935	—	918	6,722	7,640	(1,731	)	1963/2009	11/15/10	24



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽⁷⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Governor's House	Simsbury, CT	100%	—	—	5,750	5,750	—	—	5,453	5,453	(1,678	)	1895/2008, 2010	11/15/10	20
Elms Haven	Thornton, CO	100%	⁽³⁾	3,717	18,473	22,190	—	3,717	18,345	22,062	(3,965	)	1987/1989, 1997, 2007, 2008	11/15/10	40
Sable	Aurora, CO	100%	⁽³⁾	1,272	5,591	6,863	—	1,272	5,519	6,791	(1,316	)	1973	11/15/10	35
Carmichael	Carmichael, CA	100%	⁽⁶⁾	—	1,741	1,741	—	—	1,677	1,677	(715	)	1960/1976, 2010	11/15/10	40
Willows (CA)	Willows, CA	100%	^—	137	1,426	1,563	—	137	1,401	1,538	(505	)	1969/2010	11/15/10	40
Washington Care	San Leandro, CA	100%	⁽²⁾	—	1,331	1,331	—	—	1,300	1,300	(351	)	1969/2010	11/15/10	40
Lake Drive	Henryetta, OK	100%	^—	160	549	709	—	160	538	698	(367	)	1968	11/15/10	10
Boise	Boise, ID	100%	^—	—	289	289	—	—	265	265	(135	)	1991	11/15/10	40
Langdon Place of Dover	Dover, NH	100%	5,094	801	10,036	10,837	—	801	9,627	10,428	(2,159	)	1987	11/15/10	42
Clipper Harbor	Portsmouth, NH	100%	⁽⁴⁾	846	7,632	8,478	—	846	7,569	8,415	(2,292	)	1986	11/15/10	43
Mineral Springs	North Conway, NH	100%	⁽⁴⁾	417	5,352	5,769	—	417	5,166	5,583	(1,281	)	1988	11/15/10	43
Wolfeboro	Wolfeboro, NH	100%	⁽⁴⁾	454	4,531	4,985	—	454	4,396	4,850	(1,011	)	1984/1986, 1987, 2009	11/15/10	41
Langdon Place of Keene	Keene, NH	100%	5,483	304	3,992	4,296	—	304	3,867	4,171	(1,189	)	1995	11/15/10	46
Edmondson Care	Brownsville, KY	100%	^—	446	5,087	5,533	—	446	5,073	5,519	(1,284	)	1994/2009	11/15/10	35
Heartland Villa	Lewisport, KY	100%	^—	532	4,025	4,557	—	532	4,016	4,548	(951	)	1994/2009	11/15/10	35
Meridian Care	Meridian, ID	100%	⁽⁶⁾	840	8,342	9,182	—	840	8,246	9,086	(2,491	)	1997	11/15/10	39
St. Joseph's	Trumbull, CT	100%	⁽⁶⁾	—	21,878	21,878	—	—	21,868	21,868	(5,986	)	1959	11/15/10	24
Oak Brook Health Care	Whitehouse, TX	100%	^—	1,433	9,643	11,076	—	1,433	9,644	11,077	(486	)	1998	06/30/11	40
Broadmeadow Healthcare	Middletown, DE	100%	⁽⁶⁾	1,650	2,173	3,823	—	1,650	21,730	23,380	(866	)	2005	08/01/11	40
Capitol Healthcare	Dover, DE	100%	⁽⁶⁾	4,940	15,500	20,440	—	4,940	15,500	20,440	(646	)	1997	08/01/11	40
Pike Creek Healthcare	Wilmington, DE	100%	⁽⁶⁾	2,460	25,240	27,700	—	2,460	25,240	27,700	(1,017	)	2009	08/01/11	40
Renaissance Healthcare	Millsboro, DE	100%	⁽⁶⁾	1,640	22,620	24,260	—	1,640	22,620	24,260	(929	)	2008	08/01/11	40
Honey Hill Care Center	Norwalk, CT	100%	^—	1,736	6,069	7,805	—	1,736	6,069	7,805	(289	)	1993	09/30/11	40
Manokin Manor Nursing & Rehabilitation Center	Princess Anne, MD	100%	^—	1,953	7,811	9,764	—	1,953	7,811	9,764	(355	)	1987	09/30/11	40
Wesley Woods Alzheimer's Care Center	Abilene, TX	100%	^—	885	7,619	8,504	—	885	7,619	8,504	(280	)	2004	11/01/11	40
Windcrest Alzheimer's Care Center	Waco, TX	100%	—	802	4,577	5,379	—	802	4,577	5,379	(177	)	1994/1999	11/01/11	40
Clara Burke	Plymouth Meeting, PA	100%	—	2,527	12,453	14,980	—	2,527	12,453	14,980	(293	)	1927/1990/2007	03/30/12	40
Warrington	Warrington, PA	100%	—	2,617	11,662	14,279	—	2,617	11,662	14,279	(251	)	1958/2008	03/30/12	40
Ridgecrest	Duffield, VA	100%	—	509	5,018	5,527	—	509	5,018	5,527	(111	)	1981	05/10/12	40
Bucks Hill	Waterbury, CT	100%	—	508	2,592	3,100	—	508	2,592	3,100	(54	)	1966/1999	06/01/12	40



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽⁷⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Cromwell	Cromwell, CT	100%	—	2,265	10,096	12,361	—	2,265	10,096	12,361	(174	)	1967/1998	06/01/12	40
Derry	Derry, NH	100%	—	768	3,222	3,990	—	768	3,222	3,990	(61	)	1976/1994	06/01/12	40
Camden Care Center	Minneapolis, MN	100%	—	1,235	5,777	7,012	—	1,235	5,777	7,012	(15	)	1990	11/30/12	40
Arbrook Plaza	Arlington, TX	100%	—	3,783	14,219	18,002	—	3,783	14,219	18,002	(34	)	2002	11/30/12	40
Northgate Plaza	Irving, TX	100%	—	4,901	10,299	15,200	—	4,901	10,299	15,200	(25	)	2003	11/30/12	40
Gulf Pointe Plaza	Rockport, TX	100%	—	1,005	6,628	7,633	—	1,005	6,628	7,633	(17	)	2002	11/30/12	40

			48,359	100,423	639,256	739,679	—	100,423	646,087	746,510	(116,426	)
Senior Housing
Monroe House	Moses Lake, WA	100%	—	—	182	182	—	—	89	89	(50	)	1997	11/15/10	15
Forest Hills (ALF)	Broken Arrow, OK	100%	⁽⁵⁾	1,803	3,927	5,730	—	1,803	3,889	5,692	(1,097	)	2000	11/15/10	30
Langdon Place of Exeter	Exeter, NH	100%	4,101	571	7,183	7,754	—	571	6,861	7,432	(1,731	)	1987	11/15/10	43
Langdon Place of Nashua	Nashua, NH	100%	⁽⁴⁾	—	5,654	5,654	—	—	5,360	5,360	(1,145	)	1989	11/15/10	40
Heritage Place	Owensboro, KY	100%	—	668	5,492	6,160	—	668	5,487	6,155	(1,109	)	2001	11/15/10	38
The Legacy	Paducah, KY	100%	—	325	4,019	4,344	—	325	4,010	4,335	(1,085	)	1999	11/15/10	35
Glen Crest	Danbury, CT	100%	—	1,356	6,666	8,022	—	1,356	6,643	7,999	(1,336	)	1986	11/15/10	32
Village at Northrise	Las Cruces, NM	100%	⁽⁶⁾	1,432	6,003	7,435	—	1,432	5,793	7,225	(1,882	)	1998/1999, 2010	11/15/10	29
Creekside Senior Living	Green Bay, WI	100%	—	256	2,262	2,518	1,031	256	3,293	3,549	(163	)	2004	11/22/11	40
New Dawn Memory Care	Aurora, CO	100%	—	2,874	12,829	15,703	—	2,874	12,829	15,703	(87	)	2009	09/20/12	40
Independence Village at Frankenmuth	Frankenmuth, MI	100%	—	5,027	20,929	25,956	—	5,027	20,929	25,956	(152	)	1982	09/21/12	40
Gulf Pointe Village	Rockport, TX	100%	—	789	607	1,396	—	789	607	1,396	(2	)	1996	11/30/12	40
Aspen Ridge Retirement Village	Gaylord, MI	100%	—	2,024	5,467	7,491	—	2,024	5,467	7,491	(16	)	2002	12/15/12	40
Green Acres of Cadillac	Cadillac, MI	100%	—	217	3,000	3,217	—	217	3,000	3,217	(8	)	2001/2006	12/15/12	40
Green Acres of Greenville	Greenville, MI	100%	—	684	5,832	6,516	—	684	5,832	6,516	(15	)	1999/2001	12/15/12	40
Green Acres of Manistee	Manistee, MI	100%	—	952	2,578	3,530	—	952	2,578	3,530	(7	)	2002	12/15/12	40
Green Acres of Mason	Mason, MI	100%	—	198	4,131	4,329	—	198	4,131	4,329	(11	)	2009/2012	12/15/12	40
Nottingham Place	Midland, MI	100%	—	744	1,745	2,489	—	744	1,745	2,489	(4	)	1995	12/15/12	40
Royal View	Mecosta, MI	100%	—	307	2,477	2,784	—	307	2,477	2,784	(7	)	2001	12/15/12	40
Tawas Village	East Tawas, MI	100%	—	258	3,713	3,971	—	258	3,713	3,971	(12	)	2005	12/15/12	40
Turning Brook	Alpena, MI	100%	—	546	13,139	13,685	—	546	13,139	13,685	(30	)	2006/2008/2010	12/15/12	40
Stoney River Marshfield	Marshfield, WI	100%	—	574	8,733	9,307	—	574	8,733	9,307	—		2010	12/15/12	40

			4,101	21,605	126,568	148,173	1,031	21,605	126,605	148,210	(9,949	)



					Initial Cost to Company						Cost Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period											Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances		Land		Building and Improve- ments⁽¹⁾		Total				Land		Building and Improve- ments⁽¹⁾⁽⁷⁾		Total		Accumulated Depreciation and Amortization			Original Date of Construction/ Renovation	Date Acquired


Acute Care Hospital
Texas Regional Medical Center	Sunnyvale, TX	100%	⁽⁶⁾		4,020		57,620		61,640		—		4,020		57,620		61,640		(3,001		)	2009	05/03/11	40

Multi-property Indebtedness			99,862		—		—		—		—		—		—		—		—

			152,322		126,048		823,444		949,492		1,031		126,048		830,312		956,360		(129,376		)

Corporate Assets			—		—		136		136		118		—		254		254		(103		)

			$	152,322	$	126,048	$	823,580	$	949,628	$	1,149	$	126,048	$	830,566	$	956,614	$	(129,479	)


⁽¹⁾	Building and building improvements include land improvements and furniture and equipment.


⁽²⁾	Property serves as collateral for a mortgage loan totaling $38.4 million as of December 31, 2012.


⁽³⁾	Property serves as collateral for a mortgage loan totaling $19.5 million as of December 31, 2012.


⁽⁴⁾	Property serves as collateral for a mortgage loan totaling $30.7 million as of December 31, 2012.


⁽⁵⁾	Property serves as collateral for a mortgage loan totaling $13.7 million as of December 31, 2012.


⁽⁶⁾	Property serves as collateral for the $201.6 million secured revolving credit facility. There was $92.5 million outstanding as of December 31, 2012.


⁽⁷⁾	The aggregate cost of real estate for federal income tax purposes was $972.2 million.

SABRA HEALTH CARE REIT, INC.

SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

(dollars in thousands)




	Year Ended December 31, 2012			Year Ended December 31, 2011			Period from November 15, 2010 to December 31, 2010 ⁽¹⁾
Real estate:
Balance at the beginning of the period	$	760,708		$	564,355		$	564,261
Acquisitions	202,458			202,570			—
Improvements	1,046			9			94
Purchase price allocation adjustment	(104		)	—			—
Write-off of fully depreciated assets	(7,494		)	(6,226		)	—

Balance at the end of the year	$	956,614		$	760,708		$	564,355

Accumulated depreciation:
Balance at the beginning of the period	$	(107,331	)	$	(87,382	)	$	(84,248	)
Depreciation expense ⁽²⁾	(29,642		)	(26,175		)	(3,134		)
Write-off of fully depreciated assets	7,494			6,226			—

Balance at the end of the year	$	(129,479	)	$	(107,331	)	$	(87,382	)
	(129,276		)	(107,331)

⁽¹⁾ The beginning balances exclude real estate and accumulated depreciation related to properties reclassified as assets held for sale during 2012.

⁽²⁾ Depreciation expense for each of the years ended December 31, 2012 and 2011 excludes expense of $0.3 million related the to the assets held for sale.