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National Health Investors Inc Expands Emeritus Relationship With Acquisition Of Assisted Living Community For $15.3 Million


Monday, 1 Jul 2013 06:05am EDT 

National Health Investors Inc announced a $15.3 million acquisition of The Inn at Halcyon Village in Marysville, Ohio. The 76-unit assisted living and memory care community was built in 2009 and will be leased to Emeritus Senior Living for an initial 15-year term with an option to extend. Rent in the first year of the lease will amount to $1.15 million with 3% annual fixed escalators beginning in the third year. The purchase was funded from borrowings on NHI's revolving credit facility. 

Company Quote

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24 Oct 2014