NHI Expects Payoffs from ‘Fast and Furious’ Acquisitions, Transitions

National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]

NHI ‘Relieved’ as 9 Properties Get New Operators, Acquisition Pipeline Grows

National Health Investors (NYSE: NHI) is pivoting to focus on acquisitions after a busy quarter that included nine distressed senior living properties transitioning to new operators. “Transition properties can be distracting to our normal investment activity, so our rapid repositioning means we’re back to making accretive investments full time,” NHI CEO Eric Mendelsohn said Tuesday […]

In the Pipeline: New Blake Project in Florida; LCS Community Expanding

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Quality Senior Living, Blake Announce Florida Project Quality Senior Living’s management, through newly formed […]

NHI Grows Bickford Senior Living Portfolio as Tenant Trouble Eases

National Health Investors (NYSE: NHI) grew its holdings with Bickford Senior Living and reported further improvement at one of its previously troubled senior housing tenants, executives said during an earnings call Tuesday. The Murfreesboro, Tennessee-based real estate investment trust (REIT) posted normalized funds from operations (FFO) per diluted common share of $1.35 for the first quarter of 2018, […]

Transactions & Financings: $1 Billion REIT IPO, LTC Sells Portfolio to NHI

Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]

In the Pipeline: Senior Housing Construction Projects (2/1/18)

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Provision Eyes Michigan for Next Community Provision Living, a St. Louis-based senior housing owner […]

NHI Puts Troubled Tenants on Notice, Posts Strong Earnings

National Health Investors (NYSE: NHI) put up strong numbers for the third quarter, but it has some troubled tenants to deal with in its senior living portfolio. Overall, the Murfreesboro, Tennessee-based real estate investment trust (REIT) posted earnings that beat analysts’ expectations for the third quarter of 2017. Revenue for the period was about $71.3 […]

In the Pipeline: Senior Housing Construction Projects (7/27/17)

Construction: Announced Traditions Senior Living and Southern Group Announce New Tennessee Community Operator Traditions Senior Living and developer Southern Group have plans to open a new senior living community in Smyrna, Tennessee. As planned, the 111-unit senior housing community will offer independent living, assisted living and memory care services, according to a press release. Amenities will […]

Senior Housing Investments & Transactions: Griffin-American Healthcare REIT IV

Griffin-American Acquires Five-Building Portfolio Near St. Louis American Healthcare Investors and Griffin Capital Company, the co-sponsors of Griffin-American Healthcare REIT IV, acquired the five-building SW Illinois Senior Housing Portfolio in the St. Louis metro area. The property was purchased from A&M Property Holding, an unaffiliated third party represented by Jeff Binder and Patrick Byrne of Senior Living Investment […]

NHI Signs Off On RIDEA Portfolio Conversion

Real estate investment trust (REIT) National Health Investors (NYSE: NHI) has completed its previously announced conversion of a senior housing portfolio from a RIDEA structure to a triple net lease with its joint venture partner, an affiliate of Bickford Senior Living. The conversion comes at a time when senior housing REITs have reached all-time highs […]