National Health Investors Inc: Key Developments
National Health Investors, Inc. Announces $28.25 Million Purchase/Leaseback Transaction Of Five Assisted Living Facilities With Bickford Senior Living
November 19, 2009 |
| National Health Investors, Inc. (NHI) announced that it has closed a $28.25 million purchase/leaseback transaction with Bickford Senior Living and its affiliates (Bickford) involving four assisted living facilities in Michigan and one in Illinois. The purchase price was funded from NHI's accumulated cash liquidity and includes $3 million in contingent payments to be made over the next three years based on Bickford's expected achievement of certain operational measures. The five facilities are being leased to Bickford over 15 years at an initial lease rate of 9.5% plus annual fixed escalators. |
National Health Investors, Inc. Announces Third Quarter Dividend
August 7, 2009 |
| National Health Investors, Inc. announced that it will pay a third quarter dividend of $0.55 per common share to shareholders of record on September 30, 2009, and payable on November 10, 2009. |
National Health Investors, Inc. Completes Purchase/Leaseback of Fourth Legend Healthcare Facility in Texas
July 31, 2009 |
| National Health Investors, Inc. announced that it has completed the previously announced purchase/leaseback of a fourth Texas skilled nursing facility owned by an affiliate of Legend Healthcare, LLC, a privately-owned company (Legend). NHI purchased three facilities from Legend on June 30, 2009 for $39.7 million. The fourth facility was purchased on July 31, 2009 for $15.8 million. The purchases were funded from NHI`s accumulated cash liquidity. The four facilities are being leased to Legend for 15 years at an initial lease rate of 10% plus annual increases. Legend has the option after 7 years to purchase the facilities at fair market value, but not less than $55.5 million. |
National Health Investors, Inc. Announces $55.5 Million Purchase/Leaseback Transaction
June 30, 2009 |
| National Health Investors, Inc. announced a $55.5 million purchase/leaseback transaction involving four Texas skilled nursing facilities with 595 beds owned by affiliates of Legend Healthcare, LLC, a privately-owned company (Legend). The average age of the facilities is five years. Legend is currently a lease customer of NHI and specializes in the operation of transitional care and skilled nursing facilities. Three of the four facilities were purchased by NHI on June 30, 2009, for a total of $39.7 million, with the fourth facility expected to be purchased by NHI for $15.8 million no later than August 1, 2009. The purchases are funded from NHI`s accumulated cash liquidity. The four facilities are being leased to Legend over 15 years at an initial lease rate of 10% plus annual increases. Legend has the option after 7 years to purchase the facilities. |
National Health Investors, Inc., Declares Dividend
May 1, 2009 |
| National Health Investors, Inc., announced that it will pay a second quarter dividend of $0.55 per common share to shareholders of record on June 30, 2009 and payable on August 10, 2009. |
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