National Health Investors, Inc. (NYSE:NHI) announces that it has invested $63.5 million, inclusive of transaction costs, for the acquisition of a portfolio of six memory care communities with 205 units in Nebraska operated by Agemark Senior Living. The communities are operated under the CountryHouse brand which Agemark established in 1997 exclusively for residents requiring personalized memory care. The communities are in a master lease with a 15-year maturity and two five-year renewal options at an initial yield of 8.0% plus annual fixed escalators.
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Source: https://www.accessnewswire.com/newsroom/en/healthcare-and-pharmaceutical/nhi-announces-635-million-senior-housing-investment-1009133