NHI Reaches Settlement in Welltower Suit, Deepens Ties to Discovery Senior Living, Merrill Gardens

National Health Investors (NYSE: NHI) has cleared a hurdle in its effort to transform its senior housing portfolio into a “jewel box” and reached a new company milestone in the process. The company this week announced it had reached a settlement agreement with Welltower (NYSE: WELL) over litigation filed late last year. In its initial […]

Bickford Challenges, Welltower Suit Slow NHI’s ‘Jewel Box’ Restructuring

National Health Investors (NYSE: NHI) is engaged in an effort to transform its portfolio into a “jewel box” — but a delay in an effort to readjust its relationship with one of its largest tenants and a pending lawsuit have clouded when that transformation might occur. As part of those efforts, the Murfreesboro, Tennessee-based company […]

Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance

Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]

Fall 2021 Senior Housing Outlook: Operating Perils Loom But Providers See Stability, Growth Ahead

Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]

Brookdale Recovery Slowed — But Not Stopped — By Delta Variant, Labor Pressures

The Covid-19 delta variant has slowed Brookdale Senior Living’s (NYSE: BKD) occupancy recovery, which has been on a six-month upward trend. In particular, growth appears to be slowing in states and markets where the delta variant is spreading the fastest, the Brentwood, Tennessee-based owner-operator declared in a 8-K form filed Tuesday with the Securities and […]

Transactions & Financings: NHI’s Completes 8-Property, $115M Holiday Portfolio Sale; Bridge Sells Community for $15M

National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]

NHI Looks to Sell 9 Holiday Properties, More Sales Possible in 2021

National Health Investors (NYSE: NHI) is seeking to sell nine properties operated by Holiday Retirement, with plans to potentially sell even more properties this quarter. The Murfreesboro, Tennessee-based real estate investment trust (REIT) has inked a non-binding letter of intent to sell the nine-property portfolio to an institutional buyer that is leased to Holiday with […]