MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has
purchased a discounted first mortgage loan for $3.9 million which is
collateralized by a 70-bed assisted living facility in Minnesota. The
loan matures in February 2018. The average annual yield on the loan if
held to maturity exceeds 12%. "We are pleased to have made this
opportunistic investment backed by a solid underlying asset," stated
Justin Hutchens, NHI President and Chief Operating Officer.
National Health Investors, Inc. is a health care real estate investment
trust that specializes in the financing of health care real estate by
first mortgage and by purchase and leaseback transactions. The common
stock of the company trades on the New York Stock Exchange with the
symbol NHI. Additional information including NHI's most recent press
releases may be obtained on NHI's web site at www.nhinvestors.com.
Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI's judgment as of the date of this release.
Source: National Health Investors, Inc.
Contact: National Health Investors, Inc.
Roger R. Hopkins, Chief Accounting Officer
615-890-9100