National Health Investors (NHI) 77.03 $NHI
NHI Announces Second Quarter 2016 Earnings Release and Conference Call Date
BusinessWire - Mon Jul 11, 3:36PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today details for the release of its results for the second quarter ended June 30, 2016. NHI plans to issue its earnings release for the second quarter before the market opens on Friday, August 5, 2016, and will host a conference call on the same day at 12 p.m. ET. The number to call for this interactive teleconference is (303) 223-4364 with the confirmation number, 21814848.
NHI: 77.03 (+0.03)
NHI Announces Acquisition and Lease of 2 CCRCs in Connecticut and Payoff of Mezzanine Loan
BusinessWire - Thu Jun 02, 5:00AM CDT
National Health Investors, Inc. (NYSE:NHI) announced today that it has acquired two entrance fee continuing care retirement communities ("CCRCs"
from funds managed by certain affiliates of East Lake Capital Management ("East Lake" for $56.3 million and entered into a lease transaction with other affiliates of East Lake. The CCRCs have 460 units and are located in Bridgeport, Connecticut and Southbury, Connecticut. The communities are sub-leased to affiliates of Watermark Retirement Communities ("Watermark", the current manager. The lease has a term of 15 years, with an initial lease rate to East Lake of 7% with annual escalators of 3.5% in years 2 through 4, and 3% annually thereafter. The communities have a 2.30 (EBITDARM) average lease coverage ratio based on the initial NHI lease payment for the past two years. NHI has committed up to an additional $10 million for capital improvements and potential expansion of the communities over the next two years. The acquisition was funded with available cash and borrowings on NHI's revolving credit facility, and was anticipated as part of NHI's most recent 2016 financial guidance to the market contained in its press release dated May 6, 2016.
NHI: 77.03 (+0.03)
NHI to Present at REITWeek 2016
BusinessWire - Thu May 26, 5:00AM CDT
National Health Investors, Inc. (NYSE: NHI) announced that its President and CEO, Eric Mendelsohn, and its Chief Accounting Officer, Roger Hopkins, will make a presentation to the investment community at REITWeek 2016. NAREIT's Investor Forum will be held at the Waldorf Astoria New York in New York, NY. The presentation will take place on Tuesday, June 7, 2016, from 9:30 a.m. to 10:00 a.m. ET.
NHI: 77.03 (+0.03)
NHI Exercises Purchase Option on 5 Assisted Living/Memory Care Facilities For $87.5 Million from Bickford Senior Living
BusinessWire - Mon May 23, 5:00AM CDT
National Health Investors, Inc. (NYSE: NHI) announced today it has exercised its purchase option to acquire 5 assisted living and memory care facilities owned and operated by Bickford Senior Living ("Bickford" for $87.5 million. The acquired facilities have a total of 277 units, a combined average occupancy of 92% and have EBITDARM lease coverage of 1.35x based on an initial annual lease rate of 7.25%. NHI has committed $2.4 million for capital expenditures and expansion of the existing facilities, the funding of which will be added to the lease base. The lease has an initial term of 15 years plus two 5-year renewal options. The annual lease escalator is 3%. The facilities are not included in the existing joint venture between the parties, and NHI's purchase option on a sixth Bickford facility was relinquished. The acquisition was funded with available cash and borrowings on NHI's revolving credit facility. The acquisition was anticipated as part of NHI's most recent 2016 financial guidance to the market contained in its press release dated May 6, 2016.
NHI: 77.03 (+0.03)
NHI to Present at Bank of America Merrill Lynch 2016 Health Care Conference
BusinessWire - Wed May 11, 10:31AM CDT
National Health Investors, Inc. (NYSE: NHI) announced that its President and CEO, Eric Mendelsohn, will make a presentation to the investment community at the Bank of America Merrill Lynch 2016 Health Care Conference at the Encore at Wynn Las Vegas, in Las Vegas, Nev. The presentation will take place on Thursday, May 12th, from 10:00 a.m. to 10:30 a.m. PT.
NHI: 77.03 (+0.03)
NHI Announces Second Quarter 2016 Dividend
BusinessWire - Fri May 06, 3:30PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today that it will pay a second quarter dividend of $.90 per common share to shareholders of record on June 30, 2016 and payable on August 10, 2016.
NHI: 77.03 (+0.03)
The Zacks Analyst Blog Highlights: Taubman Centers, Vornado Realty Trust, Brookfield Property Partners, Care Capital Properties and National Health Investors
Zacks Equity Research - Zacks Investment Research - Fri May 06, 8:30AM CDT
The Zacks Analyst Blog Highlights: Taubman Centers, Vornado Realty Trust, Brookfield Property Partners, Care Capital Properties and National Health Investors
VNO: 101.21 (+0.38), BPY: 23.29 (+0.21), CCP: 26.90 (+0.36), NHI: 77.03 (+0.03), TCO: 76.39 (+0.02)
National Health Investors reports 1Q results
Automated Insights - Fri May 06, 5:11AM CDT
MURFREESBORO, Tenn. (AP) _ National Health Investors Inc. (NHI) on Friday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
NHI: 77.03 (+0.03)
NHI Announces First Quarter 2016 Results
BusinessWire - Fri May 06, 5:00AM CDT
National Health Investors, Inc. (NYSE:NHI) announced today its Normalized Funds From Operations ("FFO", its Normalized Adjusted Funds From Operations ("AFFO", its Normalized Funds Available for Distribution ("FAD" and net income attributable to common stockholders for the three months ended March 31, 2016.
NHI: 77.03 (+0.03)
Will Healthcare Realty (HR) Stock Rise on In-Line Q1 FFO?
Zacks Equity Research - Zacks Investment Research - Thu May 05, 7:38AM CDT
Healthcare Realty Trust Inc. (HR) reported first-quarter 2016 normalized funds from operations of 41 cents per share that came in line with the Zacks Consensus Estimate.
HR: 35.39 (-0.45), PSA: 255.80 (-0.76), COR: 87.38 (-0.73), NHI: 77.03 (+0.03)
REIT Earnings to Watch on May 6: BPY, CCP, NHI
Zacks Equity Research - Zacks Investment Research - Thu May 05, 6:36AM CDT
3 REITs which are slated to report on May 6 are BPY, CCP and NHI.
VNO: 101.21 (+0.38), BPY: 23.29 (+0.21), CCP: 26.90 (+0.36), NHI: 77.03 (+0.03), TCO: 76.39 (+0.02)
NHI Completes Lease of 15 Skilled Nursing Facilities in Texas to Ensign Group and the Sale of Two Facilities
BusinessWire - Tue May 03, 3:41PM CDT
National Health Investors, Inc. (NYSE:NHI) ("NHI" announced today that effective May 1, 2016 it completed its previously announced transaction to enter into a new 15-year master lease with affiliates of The Ensign Group, Inc. (NASDAQ: ENSG) ("Ensign" of 15 skilled nursing facilities in Texas totaling 1,806 beds for an initial annual amount of $17.75 million plus an annual escalator based on inflation. The lease has two 5-year renewal options and is guaranteed by Ensign. The facilities were previously operated by NHI's former tenant, Legend Healthcare ("Legend". Under a transitional lease arrangement with Legend, NHI separately sold 2 skilled nursing facilities in Texas totaling 245 beds to Ensign for $24.6 million. NHI's total original investment in the 15 facilities leased to Ensign is approximately $211 million. The impact of the new lease was included as part of NHI's 2016 financial guidance in its press release dated February 18, 2016.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
The Ensign Group Completes Acquisition of Legend Healthcare in Texas
GlobeNewswire - Tue May 03, 3:34PM CDT
The Ensign Group, Inc. (NASDAQ:ENSG) ("Ensign", the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that it completed its previously announced acquisition of eighteen skilled nursing operations in the state of Texas. All of these operations were previously operated by affiliates of Legend Healthcare ("Legend", which has provided high-quality rehabilitation and care services across several markets in Texas since 2001.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
Welltower (HCN) Q1 FFO Beats Estimates: Will Stock Gain? (Revised)
Zacks Equity Research - Zacks Investment Research - Tue May 03, 9:03AM CDT
Welltower Inc. (HCN) came up with normalized funds from operations per share of $1.13, beating the Zacks Consensus Estimate of $1.12.
HCN: 76.02 (-0.18), CUBE: 31.96 (-0.11), PSA: 255.80 (-0.76), NHI: 77.03 (+0.03)
NHI Announces First Quarter 2016 Earnings Release and Conference Call Date
BusinessWire - Tue Apr 12, 5:37PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today details for the release of its results for the first quarter ended March 31, 2016. NHI plans to issue its earnings release for the first quarter before the market opens on Friday, May 6, 2016, and will host a conference call on the same day at 12 p.m. ET. The number to call for this interactive teleconference is (212) 231-2903 with the confirmation number, 21809808.
NHI: 77.03 (+0.03)
The Ensign Group Buys 18 Nursing Facilities in Texas
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 12:45PM CDT
The Ensign Group Inc. (ENSG) recently announced the acquisition of 18 skilled nursing facilities from Legend Healthcare in Texas.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03), WOOF: 69.12 (+0.56), ADPT: 55.85 (+0.80)
NHI Announces Lease of 15 Skilled Nursing Facilities in Texas to Ensign Group
BusinessWire - Wed Apr 06, 3:26PM CDT
National Health Investors, Inc. (NYSE:NHI) announced today that it has purchased 8 skilled nursing facilities in Texas for $118.5 million totaling 931 beds. The facilities are currently operated by NHI's existing tenant, Legend Healthcare ("Legend". Legend has elected to transition all of its current operations to a new operator and NHI has agreed to enter into a new 15-year master lease with affiliates of The Ensign Group, Inc. (NASDAQ: ENSG) on 15 former Legend facilities for an initial annual amount of $17.75 million plus an annual escalator based on inflation. The lease has two 5-year renewal options. Upon entering the new lease, which is subject to usual and customary closing conditions, and is expected to close May 1, 2016, NHI will sell 2 of its existing facilities in Texas totaling 245 beds to affiliates of Ensign for $24.6 million. Upon entering the new lease, which will include a corporate guaranty from Ensign, the purchase options held by Legend will terminate. The net acquisitions and dispositions bring NHI's net investment in the 15 facilities to approximately $211 million.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
The Ensign Group Announces Eighteen-Operation Expansion in Texas
GlobeNewswire - Wed Apr 06, 3:15PM CDT
The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that it has agreed to acquire eighteen skilled nursing operations in the state of Texas. All of these operations are currently owned or leased by affiliates of Legend Healthcare, which has provided high-quality rehabilitation and care services across several markets in Texas since 2001.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
National Health Investors Commits $14M Mezzanine Loan
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:00AM CDT
National Health Investors Inc. (NHI) has entered into a construction mezzanine loan agreement with its Charlotte, NC-based tenant, Senior Living Communities, LLC.
DCT: 48.04 (-0.15), DLR: 109.63 (-0.22), DEI: 36.22 (+0.24), NHI: 77.03 (+0.03)
NHI Announces $14M Construction Mezzanine Loan
BusinessWire - Thu Mar 24, 3:41PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today that it has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC ("SLC" for the development of a senior housing community in Daniel Island, South Carolina, near Charleston. The total commitment is $14 million at an annual interest rate of 10%, with maturity in 5 years. The loan will be funded monthly and is expected to be fully funded by the end of 2016. Construction will begin immediately and is expected to be completed by the end of 2017. Wellmore of Daniel Island will have 186 units (234 beds), consisting of 90 assisted living units, 48 memory care units and 48 skilled nursing units. NHI will have a purchase option on the property upon the operations meeting certain occupancy and pro forma lease coverage thresholds.
NHI: 77.03 (+0.03)
NHI Announces Second Quarter 2016 Earnings Release and Conference Call Date
BusinessWire - Mon Jul 11, 3:36PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today details for the release of its results for the second quarter ended June 30, 2016. NHI plans to issue its earnings release for the second quarter before the market opens on Friday, August 5, 2016, and will host a conference call on the same day at 12 p.m. ET. The number to call for this interactive teleconference is (303) 223-4364 with the confirmation number, 21814848.
NHI: 77.03 (+0.03)
NHI Announces Acquisition and Lease of 2 CCRCs in Connecticut and Payoff of Mezzanine Loan
BusinessWire - Thu Jun 02, 5:00AM CDT
National Health Investors, Inc. (NYSE:NHI) announced today that it has acquired two entrance fee continuing care retirement communities ("CCRCs"
from funds managed by certain affiliates of East Lake Capital Management ("East Lake" for $56.3 million and entered into a lease transaction with other affiliates of East Lake. The CCRCs have 460 units and are located in Bridgeport, Connecticut and Southbury, Connecticut. The communities are sub-leased to affiliates of Watermark Retirement Communities ("Watermark", the current manager. The lease has a term of 15 years, with an initial lease rate to East Lake of 7% with annual escalators of 3.5% in years 2 through 4, and 3% annually thereafter. The communities have a 2.30 (EBITDARM) average lease coverage ratio based on the initial NHI lease payment for the past two years. NHI has committed up to an additional $10 million for capital improvements and potential expansion of the communities over the next two years. The acquisition was funded with available cash and borrowings on NHI's revolving credit facility, and was anticipated as part of NHI's most recent 2016 financial guidance to the market contained in its press release dated May 6, 2016. NHI: 77.03 (+0.03)
NHI to Present at REITWeek 2016
BusinessWire - Thu May 26, 5:00AM CDT
National Health Investors, Inc. (NYSE: NHI) announced that its President and CEO, Eric Mendelsohn, and its Chief Accounting Officer, Roger Hopkins, will make a presentation to the investment community at REITWeek 2016. NAREIT's Investor Forum will be held at the Waldorf Astoria New York in New York, NY. The presentation will take place on Tuesday, June 7, 2016, from 9:30 a.m. to 10:00 a.m. ET.
NHI: 77.03 (+0.03)
NHI Exercises Purchase Option on 5 Assisted Living/Memory Care Facilities For $87.5 Million from Bickford Senior Living
BusinessWire - Mon May 23, 5:00AM CDT
National Health Investors, Inc. (NYSE: NHI) announced today it has exercised its purchase option to acquire 5 assisted living and memory care facilities owned and operated by Bickford Senior Living ("Bickford"
for $87.5 million. The acquired facilities have a total of 277 units, a combined average occupancy of 92% and have EBITDARM lease coverage of 1.35x based on an initial annual lease rate of 7.25%. NHI has committed $2.4 million for capital expenditures and expansion of the existing facilities, the funding of which will be added to the lease base. The lease has an initial term of 15 years plus two 5-year renewal options. The annual lease escalator is 3%. The facilities are not included in the existing joint venture between the parties, and NHI's purchase option on a sixth Bickford facility was relinquished. The acquisition was funded with available cash and borrowings on NHI's revolving credit facility. The acquisition was anticipated as part of NHI's most recent 2016 financial guidance to the market contained in its press release dated May 6, 2016. NHI: 77.03 (+0.03)
NHI to Present at Bank of America Merrill Lynch 2016 Health Care Conference
BusinessWire - Wed May 11, 10:31AM CDT
National Health Investors, Inc. (NYSE: NHI) announced that its President and CEO, Eric Mendelsohn, will make a presentation to the investment community at the Bank of America Merrill Lynch 2016 Health Care Conference at the Encore at Wynn Las Vegas, in Las Vegas, Nev. The presentation will take place on Thursday, May 12th, from 10:00 a.m. to 10:30 a.m. PT.
NHI: 77.03 (+0.03)
NHI Announces Second Quarter 2016 Dividend
BusinessWire - Fri May 06, 3:30PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today that it will pay a second quarter dividend of $.90 per common share to shareholders of record on June 30, 2016 and payable on August 10, 2016.
NHI: 77.03 (+0.03)
The Zacks Analyst Blog Highlights: Taubman Centers, Vornado Realty Trust, Brookfield Property Partners, Care Capital Properties and National Health Investors
Zacks Equity Research - Zacks Investment Research - Fri May 06, 8:30AM CDT
The Zacks Analyst Blog Highlights: Taubman Centers, Vornado Realty Trust, Brookfield Property Partners, Care Capital Properties and National Health Investors
VNO: 101.21 (+0.38), BPY: 23.29 (+0.21), CCP: 26.90 (+0.36), NHI: 77.03 (+0.03), TCO: 76.39 (+0.02)
National Health Investors reports 1Q results
Automated Insights - Fri May 06, 5:11AM CDT
MURFREESBORO, Tenn. (AP) _ National Health Investors Inc. (NHI) on Friday reported a key measure of profitability in its first quarter. The results matched Wall Street expectations.
NHI: 77.03 (+0.03)
NHI Announces First Quarter 2016 Results
BusinessWire - Fri May 06, 5:00AM CDT
National Health Investors, Inc. (NYSE:NHI) announced today its Normalized Funds From Operations ("FFO"
, its Normalized Adjusted Funds From Operations ("AFFO", its Normalized Funds Available for Distribution ("FAD" and net income attributable to common stockholders for the three months ended March 31, 2016. NHI: 77.03 (+0.03)
Will Healthcare Realty (HR) Stock Rise on In-Line Q1 FFO?
Zacks Equity Research - Zacks Investment Research - Thu May 05, 7:38AM CDT
Healthcare Realty Trust Inc. (HR) reported first-quarter 2016 normalized funds from operations of 41 cents per share that came in line with the Zacks Consensus Estimate.
HR: 35.39 (-0.45), PSA: 255.80 (-0.76), COR: 87.38 (-0.73), NHI: 77.03 (+0.03)
REIT Earnings to Watch on May 6: BPY, CCP, NHI
Zacks Equity Research - Zacks Investment Research - Thu May 05, 6:36AM CDT
3 REITs which are slated to report on May 6 are BPY, CCP and NHI.
VNO: 101.21 (+0.38), BPY: 23.29 (+0.21), CCP: 26.90 (+0.36), NHI: 77.03 (+0.03), TCO: 76.39 (+0.02)
NHI Completes Lease of 15 Skilled Nursing Facilities in Texas to Ensign Group and the Sale of Two Facilities
BusinessWire - Tue May 03, 3:41PM CDT
National Health Investors, Inc. (NYSE:NHI) ("NHI"
announced today that effective May 1, 2016 it completed its previously announced transaction to enter into a new 15-year master lease with affiliates of The Ensign Group, Inc. (NASDAQ: ENSG) ("Ensign" of 15 skilled nursing facilities in Texas totaling 1,806 beds for an initial annual amount of $17.75 million plus an annual escalator based on inflation. The lease has two 5-year renewal options and is guaranteed by Ensign. The facilities were previously operated by NHI's former tenant, Legend Healthcare ("Legend". Under a transitional lease arrangement with Legend, NHI separately sold 2 skilled nursing facilities in Texas totaling 245 beds to Ensign for $24.6 million. NHI's total original investment in the 15 facilities leased to Ensign is approximately $211 million. The impact of the new lease was included as part of NHI's 2016 financial guidance in its press release dated February 18, 2016. ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
The Ensign Group Completes Acquisition of Legend Healthcare in Texas
GlobeNewswire - Tue May 03, 3:34PM CDT
The Ensign Group, Inc. (NASDAQ:ENSG) ("Ensign"
, the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that it completed its previously announced acquisition of eighteen skilled nursing operations in the state of Texas. All of these operations were previously operated by affiliates of Legend Healthcare ("Legend", which has provided high-quality rehabilitation and care services across several markets in Texas since 2001. ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
Welltower (HCN) Q1 FFO Beats Estimates: Will Stock Gain? (Revised)
Zacks Equity Research - Zacks Investment Research - Tue May 03, 9:03AM CDT
Welltower Inc. (HCN) came up with normalized funds from operations per share of $1.13, beating the Zacks Consensus Estimate of $1.12.
HCN: 76.02 (-0.18), CUBE: 31.96 (-0.11), PSA: 255.80 (-0.76), NHI: 77.03 (+0.03)
NHI Announces First Quarter 2016 Earnings Release and Conference Call Date
BusinessWire - Tue Apr 12, 5:37PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today details for the release of its results for the first quarter ended March 31, 2016. NHI plans to issue its earnings release for the first quarter before the market opens on Friday, May 6, 2016, and will host a conference call on the same day at 12 p.m. ET. The number to call for this interactive teleconference is (212) 231-2903 with the confirmation number, 21809808.
NHI: 77.03 (+0.03)
The Ensign Group Buys 18 Nursing Facilities in Texas
Zacks Equity Research - Zacks Investment Research - Fri Apr 08, 12:45PM CDT
The Ensign Group Inc. (ENSG) recently announced the acquisition of 18 skilled nursing facilities from Legend Healthcare in Texas.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03), WOOF: 69.12 (+0.56), ADPT: 55.85 (+0.80)
NHI Announces Lease of 15 Skilled Nursing Facilities in Texas to Ensign Group
BusinessWire - Wed Apr 06, 3:26PM CDT
National Health Investors, Inc. (NYSE:NHI) announced today that it has purchased 8 skilled nursing facilities in Texas for $118.5 million totaling 931 beds. The facilities are currently operated by NHI's existing tenant, Legend Healthcare ("Legend"
. Legend has elected to transition all of its current operations to a new operator and NHI has agreed to enter into a new 15-year master lease with affiliates of The Ensign Group, Inc. (NASDAQ: ENSG) on 15 former Legend facilities for an initial annual amount of $17.75 million plus an annual escalator based on inflation. The lease has two 5-year renewal options. Upon entering the new lease, which is subject to usual and customary closing conditions, and is expected to close May 1, 2016, NHI will sell 2 of its existing facilities in Texas totaling 245 beds to affiliates of Ensign for $24.6 million. Upon entering the new lease, which will include a corporate guaranty from Ensign, the purchase options held by Legend will terminate. The net acquisitions and dispositions bring NHI's net investment in the 15 facilities to approximately $211 million. ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
The Ensign Group Announces Eighteen-Operation Expansion in Texas
GlobeNewswire - Wed Apr 06, 3:15PM CDT
The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that it has agreed to acquire eighteen skilled nursing operations in the state of Texas. All of these operations are currently owned or leased by affiliates of Legend Healthcare, which has provided high-quality rehabilitation and care services across several markets in Texas since 2001.
ENSG: 21.72 (+0.12), NHI: 77.03 (+0.03)
National Health Investors Commits $14M Mezzanine Loan
Zacks Equity Research - Zacks Investment Research - Mon Mar 28, 11:00AM CDT
National Health Investors Inc. (NHI) has entered into a construction mezzanine loan agreement with its Charlotte, NC-based tenant, Senior Living Communities, LLC.
DCT: 48.04 (-0.15), DLR: 109.63 (-0.22), DEI: 36.22 (+0.24), NHI: 77.03 (+0.03)
NHI Announces $14M Construction Mezzanine Loan
BusinessWire - Thu Mar 24, 3:41PM CDT
National Health Investors, Inc. (NYSE: NHI) announced today that it has entered into a construction mezzanine loan commitment with its tenant, Senior Living Communities, LLC ("SLC"
for the development of a senior housing community in Daniel Island, South Carolina, near Charleston. The total commitment is $14 million at an annual interest rate of 10%, with maturity in 5 years. The loan will be funded monthly and is expected to be fully funded by the end of 2016. Construction will begin immediately and is expected to be completed by the end of 2017. Wellmore of Daniel Island will have 186 units (234 beds), consisting of 90 assisted living units, 48 memory care units and 48 skilled nursing units. NHI will have a purchase option on the property upon the operations meeting certain occupancy and pro forma lease coverage thresholds. NHI: 77.03 (+0.03)
