Business
NHI Announces $46.3 Million Senior Housing Investment
MURFREESBORO, TN / ACCESS Newswire / March 17, 2025 / National Health Investors, Inc. (NYSE:NHI) announced today that it has invested $46.3 million, inclusive of transaction costs, for the acquisition of Juniper Village at Paramus, a senior housing ...
About this update from National Health Investors, Inc.
[{"type":"text","content":"MURFREESBORO, TN / ACCESS Newswire / March 17, 2025 / National Health Investors, Inc. (NYSE:NHI) announced today that it has invested $46.3 million, inclusive of transaction costs, for the acquisition of Juniper Village at Paramus, a senior housing community in Bergen County, NJ, just outside of New York City. Juniper Village at Paramus, a community with 98 assisted living units and 22 memory care units, has been operated by Juniper Communities, a premier operator of 28 senior housing communities across five states, since February 2021. The lease has a 15-year maturity with two five-year renewal options at an initial yield of 7.95% plus annual fixed escalators.","length":669,"tagName":"p"},{"type":"text","content":"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."","length":425,"tagName":"p"},{"type":"text","content":"About National Health Investors","length":31,"tagName":"p"},{"type":"text","content":"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.","length":530,"tagName":"p"},{"type":"text","content":"About Juniper Communities","length":25,"tagName":"p"},{"type":"text","content":"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 bee...