StockWatch
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Real Estate Investment Trusts
DivestmentJul 1, 2026, 04:37 PM

NATIONAL HEALTH INVESTORS Sells 35 Facilities for $560M

AI Summary

National Health Investors, Inc. has completed the sale of 35 facilities, comprising 32 skilled nursing facilities and three independent living facilities, to NHC/OP, L.P., a wholly owned subsidiary of National HealthCare Corporation. The transaction closed on July 1, 2026, for a total purchase price of $560 million. In connection with the sale, the Master Lease for these facilities was terminated, with the exception of four skilled nursing facilities located in Florida, for which the Master Lease was assigned to an NHC subsidiary. The transaction was unanimously approved by the Company's Special Committee of Non-Interested Directors.

Key Highlights

  • Completed sale of 35 facilities (32 skilled nursing, 3 independent living).
  • Total purchase price for the Property was $560 million.
  • Sold to NHC/OP, L.P., a subsidiary of National HealthCare Corporation.
  • Master Lease terminated for most facilities, except four Florida facilities.
  • Special Committee of Non-Interested Directors unanimously approved the Transaction.