NHI Announces $26.3 Million Acquisition

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National Health Investors
NHI
announced today a $26.3 million acquisition totaling 254 beds. The skilled nursing facilities, each less than two years old, are located in Canton and Corinth, Texas. Indirect affiliates of Fundamental committed to a ten-year initial lease term plus annual fixed escalators. The purchase was funded from borrowings on NHI's revolving credit facility. “These two newly-constructed, strong-performing assets are a great fit for NHI's diversified portfolio,” said Justin Hutchens, NHI's CEO and President. About National Health Investors National Health Investors, Inc.
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.
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