NHI Acquires 200-Unit Community in Tulsa for $35.1M

by Jeff Shaw

TULSA, Okla. — National Health Investors Inc. (NYSE: NHI) has acquired The Country Club of Woodland Hills, a 200-unit independent living and assisted living community in Tulsa, for $35.1 million.

The acquisition price includes a planned $500,000 for capital improvements, which are scheduled for completion by the end of 2019.

The facility will be leased to Discovery Senior Living for a term of 15 years, with renewal options, at an initial lease rate of 7 percent plus annual fixed escalators. The acquisition was funded with NHI’s revolving credit facility.

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