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 […]
NHI
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 […]
Eric Mendelsohn will be the next president and CEO of National Health Investors Inc. (NYSE: NHI), the Murfreesboro, Tennessee-based real estate investment trust announced Monday. Mendelsohn has served as interim president and CEO since his predecessor, Justin Hutchens, departed the company in August in a high-profile move to HCP Inc. (NYSE: HCP). After nine years […]
Dramatic developments over the past few weeks have redrawn the lines on the playing field for senior housing real estate investment trusts operating in the shadow of the so-called “Big Three.” While it remains to be seen which of these smaller-cap REITs gain steam and which struggle given the new normal, at least one analyst […]
This week, SHN readers tuned into Holiday’s moving pricing model, as well as a look at the way in which hospitality practices are making their way into senior living. Readers also tapped into a major move on the REIT front, as NHI’s former chief executive took on a new role overseeing HCP’s senior housing investments. […]
National Health Investors (NYSE: NHI) President and CEO Justin Hutchens is switching roles in the senior housing investor playing field, announcing his resignation today to join HCP, Inc. (NYSE: HCP) as the company’s chief investment officer for senior housing and care. Hutchens’ resignation, effective August 11, also includes the resignation from his position as a member […]
The Ensign Group Makes Moves Nationwide In separate announcements, The Ensign Group, Inc. (NASDAQ:ENSG) — the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies — acquired 10 skilled nursing and assisted living operations in Arizona, the operations and real estate of a skilled […]
Health care real estate investment trusts (REITs) have been the most active investors in senior housing properties of late, dishing out hundreds of millions of dollars to acquire massive portfolios. But the full force of their blockbuster potential may still be yet to come. Currently, health care REITs own about 12% of all the institutional […]
Construction: Planned Senior Lifestyle Corp. to Break Ground on New Fla. Community Chicago-based Senior Lifestyle Corporation announced last week it will break ground this spring on its newest community, The Sheridan at Cooper City, a 111-unit assisted living and memory care facility in Cooper City, Fla. The Sheridan at Cooper City will feature 72 assisted […]
National Health Investors, Inc. (NYSE: NHI) announced it has closed the previously announced acquisition of eight senior housing communities in the South Atlantic region for $476 million. All eight communities are leased to Senior Living Communities, LLC (SLC) and will continue to be managed by an SLC affiliate. The deal is part of a broader transaction […]
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