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Stock impact report

NHI Announces $105.5 Million SHOP Investment [Yahoo! Finance]

National Health Investors, Inc. (NHI) 
Last national health investors, inc. earnings: 2/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: nhireit.com
Company Research Source: Yahoo! Finance
million, including transaction costs, for the acquisition of nine properties with 460 units in Kentucky, South Carolina and Tennessee. NHI expects to make an additional investment of $3.3 million during the first year. The properties and healthcare operations will be included in NHI's Senior Housing Operating Portfolio ("SHOP") segment and will be managed by Allegro Living Management, an affiliate of Spring Arbor Management which is an existing relationship for NHI with a total investment of approximately $227 million. The communities are expected to generate an initial NOI yield of approximately 8.0% and 7.6% after routine capital expenditures. Investment Activity and Pipeline NHI currently has approximately $108.5 million in signed letters of intent at an average expected NOI yield of approximately 7.5% and primarily structured as SHOP investments. In addition, NHI is evaluating an incremental investment pipeline of approximately $250 million in senior housing investments excl Show less Read more
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