MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has
obtained $78 million in Fannie Mae financing through KeyBank National
Association. The debt financing consists of interest-only payments at
3.79% and a 10-year maturity. The mortgages are secured by 13 properties
in NHI’s joint venture with Bickford Senior Living. Proceeds were used
to reduce borrowings on NHI's unsecured bank credit facility.
“With KeyBank’s assistance, we were able to add this long-term financing
to our capital base at a historically low fixed interest rate,” said
Justin Hutchens, NHI’s CEO and President. “This refinancing fits nicely
with NHI’s capital plan, which includes staggered and long-dated debt
maturities.”
About National Health Investors
Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a
real estate investment trust specializing in sale-leaseback,
joint-venture, mortgage and mezzanine financing of need-driven and
discretionary senior housing and medical investments. NHI’s portfolio
consists of independent, assisted and memory care communities,
entrance-fee retirement communities, skilled nursing facilities, medical
office buildings and specialty hospitals. For more information, visit www.nhireit.com.
National Health Investors, Inc.
Roger Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.