National Health Investors, Inc. acquired Bickford of Virginia Beach from Bickford Senior Living, L.L.C. for $14 million.
November 20, 2022
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National Health Investors, Inc. (NYSE:NHI) acquired Bickford of Virginia Beach from Bickford Senior Living, L.L.C. for $14 million on November 21, 2022. As part of the transaction, NHI agreed to a $3.0 million credit to Bickford's outstanding deferral balance. The community was added to an existing master lease with Bickford at an initial cash lease yield of 8.0% based on a $17.2 million investment.
National Health Investors, Inc. (NYSE:NHI) completed the acquisition of Bickford of Virginia Beach from Bickford Senior Living, L.L.C. on November 21, 2022.
National Health Investors, Inc. is a real estate investment trust. The Company specializes in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. The Company operates through two segments: Real Estate Investments and Senior Housing Operating Portfolio. The Real Estate Investments segment consists of real estate investments and lease, mortgage, and other notes receivables in independent living facilities, assisted living facilities, entrance-fee communities, senior living campuses, skilled nursing facilities and a hospital. It has 163 healthcare real estate properties located in 31 states and leased primarily pursuant to triple-net leases to 25 tenants. The SHOP segment is comprised of two ventures that own the operations of independent living facilities. The SHOP segment has 15 properties located in eight states with a combined 1,733 units.
NATIONAL HEALTH INVESTORS, INC. 
