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.
National Health Investors has inked a deal to buy an 18-month-old, 125-bed skilled nursing home in Texas from Legend Healthcare. The $13.4 million acquisition will be funded by cash and debt. Murfreesboro-based NHI runs about 130 facilities in more than 20 states.
Mutual fund giant Vanguard has added more than 250,000 shares to its National Health Investors stake since the end of 2011, which takes its stake in the Murfreesboro-based real estate investment trust above 10 percent. Vanguard, which is easily the largest institutional holder of NHI stock, disclosed its holdings in an SEC filing Tuesday. NHI shares (Ticker: NHI) closed Tuesday trading at $49.46 and are up 12 percent so far this year.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS