National Health Investors, Inc. (NYSE:NHI) announced today that it has purchased Coventry of Mahtomedi, a 48-unit assisted living and memory care community in Mahtomedi, MN. The community was purchased for $9.34 million, including closing costs of approximately $134,000, at an initial yield of 7.23% and was added to the existing master lease with 41 Management, LLC, a growing Midwest operator owned by Thomas Ostrom.
Read the full article: NHI Invests $9.34M for an Assisted Living & Memory Care Community in Minnesota //
Source: https://www.businesswire.com/news/home/20200106005315/en/NHI-Invests-9.34-Million-Assisted-Living-Memory