Senior Housing Finance Activity: NHI, Capital Funding

NHI Announces $14 Million Construction Mezzanine Loan National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT) specializing in sale-leaseback, joint-venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments, has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC (SLC), for the development of […]

Movers & Shakers: Capital One’s SVP, Chief Underwriter

Capital One Appoints SVP, Chief Underwriter for Multifamily Finance Capital One announced the appointment of Cortney Mauldin as senior vice president and chief underwriter for multifamily finance. In this role, Mauldin will be responsible for the oversight and quality control of all underwriting functions related to Federal Housing Administration (FHA) insured transactions, including health care and senior […]

Movers & Shakers: NHI’s Executive Vice President of Finance

National Health Investors Hires New Executive Vice President of Finance National Health Investors (NYSE: NHI) announced the hire of John Spaid as the company’s executive vice president of finance. In his new role, Spaid will be responsible for the real estate investment trust’s banking relationships and financial transactions. Spaid joins NHI with nearly 30 years […]

Senior Housing Investments & Transactions: NHI, Greystone Real Estate Advisors

National Health Investors Acquires $9.8 Million Independent Living Community National Health Investors, Inc. (NYSE: NHI), a real estate investment trust (REIT), has acquired a 98-unit independent living community in Chehalis, Washington, for a total investment of $9.8 million, including $350,000 for capital improvements. NHI leased the community to a partnership between Marathon Development and Village […]

Senior Housing Investments & Transactions: Arcapita, Senior Living Investment Brokerage

Senior Living Investment Brokerage Facilitates Sale of Virginia Assisted Living Facility  Glen Ellyn, Illinois-based Senior Living Investment Brokerage Inc. facilitated the sale of Lexington at Tazewell, a 42-unit, 33,480-square-foot assisted living facility in Tazewell, Virginia, for $2.15 million. The seller was the lender who had financed the renovations and then foreclosed on the developer. The buyer […]

New NHI CEO: West Coast Expansion, More Diverse Portfolio

National Health Investors (NYSE: NHI) will not be “changing its stripes,” but its new CEO is aiming for growth by putting boots on the ground in new regions and being more proactive about opportunities in the real estate investment trust’s own backyard. Portfolio diversification is another goal, as the new leader is exploring what he terms […]

Senior Housing Investments & Transactions: First Acquisition for Ventas Spin-Off

Ventas Spin-Off Announces First Acquisition Care Capital Properties Inc. (NYSE: CCP) has announced the completion of its first acquisition since it officially spun off from Ventas Inc. (NYSE: VTR) last month, a transaction valued at $210 million. The acquisition includes eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana, according to a news release. As […]

Owners, Operators Design Plays for $100 Billion Skilled Nursing Market

With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]

Senior Housing Investments & Transactions: NHI, LTC, Ziegler

NHI Acquires Ohio Assisted Living and Memory Care Community for $21 Million National Health Investors (NYSE: NHI) announced on Aug. 3 that its NHI-Bickford Senior Living joint venture has acquired Fairfield Village, an assisted living and memory care community in Lancaster, Ohio, for $21 million in cash. The 92-unit Fairfield Village was built in 2006 […]

Interview: NHI CEO on Rising Rates, Hot Markets and 2015

With interest rates likely to rise and some major players shifting their approach to skilled nursing, health care real estate investment trusts are facing potential challenges and decision points. National Health Investors (NYSE: NHI) certainly is no exception. NHI has recently increased its involvement in CCRC ownership and expansion through a $154 million partnership with […]