NEW YORK: The five hundred and fifty-eighth entry for the seniors housing Global Awards for 2015 has been received.
National Health Investors announced a $67 million purchase of three senior living communities in North Carolina, Indiana and Tennessee in a sale-leaseback transaction with affiliates of East Lake Capital Management.
The 413-unit portfolio is 86% occupied and comprised of 205 independent living, 137 assisted living and 71 memory care units. The purchase was funded with borrowings on NHI’s revolving credit facility.
