NHI Acquires Calif. Senior Living Community for $12 Million

National Health Investors, Inc. (NYSE:NHI) recently announced the $12 million acquisition of a 181-unit senior living campus in Loma Linda, Calif. The community has 98 independent living units and 83 skilled nursing beds.

The transaction was funded from available cash and from borrowings on NHI’s revolving credit facility.

Chancellor Health Care, LLC, will lease and continue to operate the Linda Valley campus for an initial term of 15 years plus renewal options at a least rate of 9% plus annual fixed escalators.

Written by Alyssa Gerace