MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has closed
a $6.2 million sale of two skilled nursing facilities in Texas to its
current lessee Legend Healthcare and affiliates (“Legend”). These
facilities were constructed in 1986 and 1990, total 182 beds, and were
originally leased to Legend in March 2005 with a purchase option. NHI is
deferring the recognition of the gain on the sale of these facilities by
utilizing the like-kind exchange rules under Section 1031 of the U.S.
Internal Revenue Code.
National Health Investors, Inc. is a healthcare real estate investment
trust that specializes in the financing of healthcare real estate by
purchase and leaseback transactions and by mortgage loans. NHI’s
investments involve skilled nursing facilities, assisted living
facilities, independent living facilities, medical office buildings, an
acute psychiatric hospital and an acute care hospital. The common stock
of the company trades on the New York Stock Exchange with the symbol
NHI. Additional information about NHI, including its 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.Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI’s Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC's web
site at http://www.sec.gov
or on NHI’s web site at http://www.nhinvestors.com
Source: National Health Investors, Inc.
Contact:
National Health Investors, Inc.
Roger R. Hopkins, Chief Accounting
Officer
615-890-9100