National Health Investors has paid $25.2 million for a 138-unit senior living community in Silverdale, Wash., and lent another $3.5 million to Sante' Partners, the Oregon-based tenant of the facilities. NHI’s acquisition won’t be final until later this week. The deal was funded by the Murfreesboro-based company’s existing loan agreements and is subject to state licensing acceptance before ownership changes hands.
“This very attractive acquisition contributes to NHI’s goal of diversifying our portfolio. We are delighted to expand our relationship with Sante’ Partners,” Justin Hutchens, NHI president and CEO, said in a release.