NHI buys five facilities
By Geert De Lombaerde Posted on November 20, 2009 at 8:08 amNational Health Investors has acquired four assisted-living centers in Michigan and another in Illinois for about $28 million. The seller, Kansas-based Bickford Senior Living, is leasing back the buildings for 15 years. NHI (Ticker: NHI) has shelled out nearly $90 million on acquisitions so far this year.
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Tags: acquisitions, Bickford Senior Living LLC, commercial real estate, Illinois, Michigan, National Health Investors Inc., real estate investment trusts, sales/leasebacks, senior housing and assisted living
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