NHI Announces $46.3 Million Senior Housing Investment
National Health Investors (NYSE:NHI) has announced a $46.3 million investment to acquire Juniper Village at Paramus, a senior housing community in Bergen County, NJ. The property features 98 assisted living units and 22 memory care units, operated by Juniper Communities since February 2021.
The acquisition agreement includes a 15-year lease with two five-year renewal options at an initial yield of 7.95% plus annual fixed escalators. The facility is operated by Juniper Communities, which manages 28 senior housing communities across five states.
National Health Investors (NYSE:NHI) ha annunciato un investimento di 46,3 milioni di dollari per acquisire Juniper Village a Paramus, una comunità residenziale per anziani nella contea di Bergen, NJ. La proprietà dispone di 98 unità di assistenza abitativa e 22 unità per la cura della memoria, gestite da Juniper Communities dal febbraio 2021.
L'accordo di acquisizione prevede un contratto di locazione di 15 anni con due opzioni di rinnovo di cinque anni a un rendimento iniziale del 7,95% più aumenti fissi annuali. La struttura è gestita da Juniper Communities, che amministra 28 comunità residenziali per anziani in cinque stati.
National Health Investors (NYSE:NHI) ha anunciado una inversión de 46,3 millones de dólares para adquirir Juniper Village en Paramus, una comunidad de vivienda para personas mayores en el condado de Bergen, NJ. La propiedad cuenta con 98 unidades de vida asistida y 22 unidades de atención a la memoria, operadas por Juniper Communities desde febrero de 2021.
El acuerdo de adquisición incluye un contrato de arrendamiento de 15 años con dos opciones de renovación de cinco años a un rendimiento inicial del 7,95% más aumentos fijos anuales. La instalación es operada por Juniper Communities, que gestiona 28 comunidades de vivienda para personas mayores en cinco estados.
국립 건강 투자자(NYSE:NHI)는
인수 계약에는 15년 임대 계약과 두 개의 5년 갱신 옵션이 포함되어 있으며, 초기 수익률은 7.95%에 연간 고정 상승률이 포함됩니다. 이 시설은 Juniper Communities에 의해 운영되며, 이 회사는 5개 주에서 28개의 노인 주택 커뮤니티를 관리합니다.
National Health Investors (NYSE:NHI) a annoncé un investissement de 46,3 millions de dollars pour acquérir Juniper Village à Paramus, une communauté de logements pour seniors dans le comté de Bergen, NJ. La propriété comprend 98 unités de vie assistée et 22 unités de soins de mémoire, gérées par Juniper Communities depuis février 2021.
L'accord d'acquisition comprend un bail de 15 ans avec deux options de renouvellement de cinq ans à un rendement initial de 7,95% plus des augmentations fixes annuelles. L'établissement est géré par Juniper Communities, qui administre 28 communautés de logements pour seniors dans cinq États.
National Health Investors (NYSE:NHI) hat eine Investition von 46,3 Millionen Dollar angekündigt, um Juniper Village in Paramus zu erwerben, eine Seniorenwohnanlage im Bergen County, NJ. Die Immobilie umfasst 98 betreute Wohneinheiten und 22 Gedächtnispflegeeinheiten, die seit Februar 2021 von Juniper Communities betrieben werden.
Die Erwerbsvereinbarung umfasst einen 15-jährigen Mietvertrag mit zwei fünfjährigen Verlängerungsoptionen zu einer anfänglichen Rendite von 7,95% sowie jährlichen festen Steigerungen. Die Einrichtung wird von Juniper Communities betrieben, die 28 Seniorenwohnanlagen in fünf Bundesstaaten verwaltet.
- Acquisition yield of 7.95% plus annual escalators provides strong return potential
- 15-year lease term with two 5-year renewal options ensures long-term revenue stability
- Strategic expansion into New York City metropolitan area
- Partnership with established operator managing 28 senior housing communities
- None.
MURFREESBORO, TN / ACCESS Newswire / March 17, 2025 / National Health Investors, Inc. (NYSE:NHI) announced today that it has invested
Eric Mendelsohn, President and CEO stated, "We are excited to begin a new relationship with industry innovator, Lynne Katzmann, and Juniper Communities whom we have long-admired as one of the best senior housing providers in the country. Juniper's ability to improve the performance of this property since assuming management attracted us to this investment and we hope to grow this relationship in the future."
About National Health Investors
Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals. For more information, visit www.nhireit.com.
About Juniper Communities
Juniper Communities, a leader in quality, value, and innovation, operates senior living communities in Colorado, Delaware, New Jersey, Pennsylvania, and Texas that emphasize residents' well-being, interaction and security. Our communities and approach to housing and care offers residents the opportunity to live a full life, regardless of age or health. Juniper's innovative Connect4Life program has been proven to improve residents' care by decreasing hospitalizations, re-hospitalizations, and urgent care visits, while offering potential cost savings to public programs such as Medicare. To learn more about the many ways Juniper Communities innovates in support of our residents, visit www.junipercommunities.com.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's, tenants', operators', borrowers' or managers' expected future financial position, results of operations, cash flows, funds from operations, dividend and dividend plans, financing opportunities and plans, capital market transactions, business strategy, budgets, projected costs, operating metrics, capital expenditures, competitive positions, acquisitions, investment opportunities, dispositions, acquisition integration, growth opportunities, expected lease income, continued qualification as a real estate investment trust ("REIT"), plans and objectives of management for future operations, continued performance improvements, ability to service and refinance our debt obligations, ability to finance growth opportunities, and similar statements including, without limitation, those containing words such as "may", "will", "should", "believes", "anticipates", "expects", "intends", "estimates", "plans", "projects", "likely" and other similar expressions are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Such risks and uncertainties include, among other things; the operating success of our tenants, managers and borrowers for collection of our lease and interest income; the risk that our tenants, managers and borrowers may become subject to bankruptcy or insolvency proceedings; risks related to the concentration of a significant percentage of our portfolio to a small number of tenants; risks associated with pandemics, epidemics or outbreaks, such as the COVID-19 pandemic, on our operators' business and results of operations; risks related to governmental regulations and payors, principally Medicare and Medicaid, and the effect that changes to laws, regulations and reimbursement rates would have on our tenants' and borrowers' business; the risk that the cash flows of our tenants, managers and borrowers may be adversely affected by increased liability claims and liability insurance costs; the risk that we may not be fully indemnified by our tenants, managers and borrowers against future litigation; the success of property development and construction activities, which may fail to achieve the operating results we expect; the risk that the illiquidity of real estate investments could impede our ability to respond to adverse changes in the performance of our properties; risks associated with our investments in unconsolidated entities, including our lack of sole decision-making authority and our reliance on the financial condition of other interests; risks related to our joint venture investment with Life Care Services for Timber Ridge; inflation and increased interest rates; adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or non-performance by financial institutions; operational risks with respect to our SHOP structured communities; risks related to our ability to maintain the privacy and security of Company information; risks related to environmental laws and the costs associated with liabilities related to hazardous substances; the risk of damage from catastrophic weather and other natural or man-made disasters and the physical effects of climate change; the success of our future acquisitions and investments; our ability to reinvest cash in real estate investments in a timely manner and on acceptable terms; competition for acquisitions may result in increased prices for properties; our ability to retain our management team and other personnel and attract suitable replacements should any such personnel leave; the risk that our assets may be subject to impairment charges; risks related to our ability to raise capital through equity sales; the potential need to refinance existing debt or incur additional debt in the future, which may not be available on terms acceptable to us; our ability to meet covenants related to our indebtedness which impose certain operational limitations and a breach of those covenants could materially adversely affect our financial condition and results of operations; downgrades in our credit ratings could have a material adverse effect on our cost and availability of capital; we rely on external sources of capital to fund future capital needs, and if we encounter difficulty in obtaining such capital, we may not be able to make future investments necessary to grow our business or meet maturing commitments; our dependence on revenues derived mainly from fixed rate investments in real estate assets, while a portion of our debt bears interest at variable rates; our ability to pay dividends in the future; legislative, regulatory, or administrative changes; and our dependence on the ability to continue to qualify for taxation as a real estate investment trust and other risks which are described under the heading "Risk Factors" in Item 1A in our Form 10-K for the year ended December 31, 2024. Many of these factors are beyond the control of the Company and its management. The Company assumes no obligation to update any of the foregoing or any other forward looking statements, except as required by law, and these statements speak only as of the date on which they are made. Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information in the above referenced Form 10-K. Copies of these filings are available at no cost on the SEC's web site at https://www.sec.gov or on NHI's web site at https://www.nhireit.com.
Contact: Dana Hambly, Vice President, Finance and Investor Relations
Phone: (615) 890-9100
SOURCE: National Health Investors
View the original press release on ACCESS Newswire
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