MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (“NHI”) (NYSE:NHI) announced today a
$15.3 million acquisition of The Inn at Halcyon Village in Marysville,
Ohio. The 76-unit assisted living and memory care community was built in
2009 and will be leased to Emeritus Senior Living ("Emeritus") (NYSE:
ESC) for an initial 15-year term with an option to extend. Rent in the
first year of the lease will amount to $1.15 million with three percent
annual fixed escalators beginning in the third year. The purchase was
funded from borrowings on NHI’s revolving credit facility.
This will be the ninth NHI community leased to Emeritus. Justin
Hutchens, NHI’s CEO and President, said, "We are pleased to expand our
relationship with Emeritus Senior Living, the nation's largest assisted
living operator, with the addition of this very high-quality and
stabilized assisted living community."
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 assisted living, senior living
campuses, independent living, skilled nursing facilities, medical office
buildings, and hospitals. Find additional information about NHI at www.nhireit.com.
About Emeritus Senior Living
Emeritus Senior Living is the nation’s largest assisted living and
memory care provider, with the ability to serve nearly 50,000 residents.
Over 30,000 employees support nearly 480 communities throughout 45
states coast to coast. Emeritus offers the spectrum of senior
residential choices, care options and life enrichment programs that
fulfill individual needs and promote purposeful living throughout the
aging process. Its experts provide insights on senior living, care,
wellness, brain health, caregiving and family topics at www.Emeritus.com,
which also offers details on the organization’s services. Emeritus’
common stock is traded on the New York Stock Exchange under the symbol
ESC.
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, Chief Accounting
Officer, 615-890-9100
Source: National Health Investors, Inc.