Nashville Business Journal - March 12, 2010
National Health Investors Inc. has announced the purchased of three assisted-living facilities and a psychiatric hospital, the company announced today, as part of $29.7 million in deals that will turn NHI into a landlord for the facilities' operators.
The assisted-living facilities, located in Minnesota and with a total of 102 beds, are run by Suite Living Senior Specialty Services, which was paid $17.2 million to sell the buildings and become a tenant. It has signed a 15-year lease that starts at $1.72 million a year (a 10% initial yield), NHI said.
The California acute psychiatric hospital, Alvarado Parkway Behavioral Institute in La Mesa, was bought for $12.5 million from Helix Healthcare. The cost of its 15-year lease will start at $1.5 million a year (a 12% initial yield.)
Sphere: Related Content
Saturday, March 13, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment