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PR Newswire·

NHI Announces $106.9 Million SHOP Investment

  • National Health Investors, Inc. (NYSE: NHI) invested $106.9 million, including transaction costs, to acquire seven properties containing 532 units in Colorado.
  • NHI expects to make an additional investment of $3.6 million during the first year of ownership.
  • The acquired assets will be integrated into NHI's Senior Housing Operating Portfolio ("SHOP") segment and managed by Generations, LLC.
  • The communities are projected to generate an initial Net Operating Income (NOI) yield of approximately 8.3%, or 7.8% after routine capital expenditures.
  • This acquisition involves need-driven senior housing facilities managed under an existing relationship between NHI Real Estate Investments and Generations, LLC.