NHI Announces $107.7 Million SHOP Investment
Key Highlights
- ➤NHI invested $107.7 million, including transaction costs, acquiring six properties.
- ➤Acquisition includes 443 units across Kentucky, Michigan and Tennessee.
- ➤NHI expects an additional $2.3 million investment during the first year.
- ➤Properties are expected to generate approximately 7.0% initial NOI yield.
- ➤Signed LOIs represent approximately $164.3 million of investment opportunities.
MURFREESBORO, Tenn., Oct. 1, 2026 /PRNewswire/ -- National Health Investors, Inc. (NYSE:NHI) announced today that it invested $107.7 million, including transaction costs, for the acquisition of six properties with 443 units in Kentucky, Michigan and Tennessee. NHI expects to make an additional investment of $2.3 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 Allegro Living which is an existing relationship for NHI. The communities are expected to generate an initial NOI yield of approximately 7.0% and 6.6% after routine capital expenditures.
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