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flag NHI bought nine senior housing properties in three states for $105.5 million, adding 460 units and expecting 8.0% net income yield.

flag National Health Investors, Inc. (NHI) announced a $105.5 million acquisition of nine senior housing properties in Kentucky, South Carolina, and Tennessee, adding 460 units to its Senior Housing Operating Portfolio. flag The deal, managed by Allegro Living Management, an affiliate of Spring Arbor Management, is expected to yield 8.0% in net operating income before capital expenditures and 7.6% after. flag An additional $3.3 million in first-year investments is anticipated. flag NHI also has $108.5 million in signed letters of intent for future SHOP investments with a projected 7.5% NOI yield and is evaluating $250 million in additional senior housing opportunities, excluding large portfolio deals.

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