Murfreesboro, TN-based National Health Investors and affiliates of Bonita Springs, FL-based Discovery Senior Living will buy six senior living communities for $128.4 million as part of a new property-company joint venture, the real estate investment trust announced Tuesday.
A “busy” past several months for Murfreesboro, TN-based National Health Investors included transitioning nine senior living communities to new owners, President and CEO Eric Mendelsohn said Tuesday during the real estate investment trust’s first-quarter earnings call.
Quarterly per-share earnings for National Health Investors were 87 cents, or 9 cents below analysts’ estimates.
It’s time to point out a possible scenario few among us will want to acknowledge: A senior living bubble may be about to burst.
National Health Investors has restructured the lease agreement for the 25 Holiday Retirement communities in its portfolio in an effort to position the properties for long-term success, the real estate investment trust announced Tuesday.
National Health Investors executives said Tuesday that they are pleased with the real estate investment trust’s financial performance and are seeking new types of deals with operators outside of the current portfolio, including deals related to skilled nursing facilities.
The real estate investment trust’s CEO and chief investment officer talked Tuesday about why they find value outside of the top 30 metropolitan statistical areas.
The deal announced May 1 through which Bickford Senior Living will lease five more communities from National Health Investors is not the limit to the operator’s growth with the real estate investment trust, NHI executives said Tuesday during the REIT’s first-quarter earnings call.
The severe flu season and supply issues that seem to be affecting occupancy among some senior living operators don’t appear to be having as much of an effect in National Health Investors’ portfolio, leaders of the real estate investment trust said Friday during an earnings call.
National Health Investors is watching the performance of Brookdale Senior Living and Holiday Retirement very closely, the real estate investment trust’s president and CEO, Eric Mendelsohn, said Wednesday on a third-quarter earnings call. But he has a “bragging list,” too.
