MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today a $20.2
million purchase of Charleston House, a 120-unit assisted living and
memory care facility in Beaver Dam, Wisconsin. Charleston House will be
leased to Landmark Senior Living Communities ("Landmark") for an initial
term of 15 years with renewal options, at a lease rate of 7.75% plus
annual fixed escalators. The purchase was funded from borrowings on
NHI’s revolving credit facility.
"This acquisition is illustrative of NHI's commitment to growing our
private-pay assisted living portfolio through creating valuable
relationships with experienced operators," said Justin Hutchens, NHI’s
President and CEO.
About National Health Investors
National Health Investors, Inc. (NYSE: NHI) is a healthcare real estate
investment trust specializing in financing healthcare real estate by
purchase and leaseback transactions, RIDEA transactions and by mortgage
loans. NHI’s investments include independent living, assisted living,
senior living campuses, skilled nursing facilities, medical office
buildings, and hospitals. Find additional information about NHI at www.nhireit.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.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.