MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has
completed the previously announced sale of 3 skilled nursing facilities
in Texas to an affiliate of Fundamental Long Term Care Holdings, LLC
("Fundamental") for $18,491,000. The facilities, totaling 484 beds, have
an average age of 41 years. Cash rent to NHI for 2013 for the 3
facilities sold was approximately $2,138,000, after allocations under
the amended master lease. NHI plans to defer recognition of any tax gain
on the sale by utilizing the like-kind exchange rules under Section 1031
of the Internal Revenue Code. NHI continues to lease 4 skilled nursing
facilities to Fundamental.
About National Health Investors
National Health Investors, Inc. (NYSE: NHI), a Maryland corporation
incorporated and publicly listed in 1991, is a healthcare real estate
investment trust (REIT) specializing in financing healthcare real estate
by purchase and leaseback transactions, RIDEA transactions and by
mortgage loans. NHI’s investments include senior housing (assisted
living, memory care, independent living and senior living campuses),
skilled nursing, medical office buildings and specialty hospitals. www.nhireit.com
Safe Harbor Statement
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 www.sec.gov
or on NHI’s web site at www.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.