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NHI Announces $63.5 Million Senior Housing Investment
ACCESS Newswire · National Health Investors

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MURFREESBORO, TN / ACCESS Newswire / April 2, 2025 / National Health Investors, Inc. (NYSE:NHI) announced today that it has invested $63.5 million, inclusive of transaction costs, for the acquisition of a portfolio of six memory care communities with 205 units in Nebraska operated by Agemark Senior Living. The communities are operated under the CountryHouse brand which Agemark established in 1997 exclusively for residents requiring personalized memory care. The communities are in a master lease with a 15-year maturity and two five-year renewal options at an initial yield of 8.0% plus annual fixed escalators.

Eric Mendelsohn, President and CEO commented, "Agemark is an innovative leader in providing exceptional personalized care to memory care residents and we have long admired their commitment. That is why we are thrilled to announce our new partnership today and we are already exploring opportunities to grow this relationship."

Michael Pittore, Managing Partner for Agemark Senior Living, stated, "We are very excited to kick off this strategic relationship with NHI, which has been many years in the making. NHI's people and strategy are well-aligned with Agemark's, and this deal furthers our goal of securing long-term business with partners we can grow with so we can continue pursuing our mission of changing lives for another 40 years. Additionally, it is well-timed for both groups as we look to take advantage of growth opportunities and growing tailwinds in the market."

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 Agemark Senior Living
Agemark Senior Living has been a trusted leader in senior care for nearly 40 years, creating vibrant and welcoming communities where seniors truly feel at home. With corporate offices in Orinda, California, and Omaha, Nebraska, Agemark owns and operates a growing portfolio of 28 senior living communities under 12 brands across six states. Agemark communities are built on a foundation of personalized service and hospitality-inspired experience, delivered with empathy and expertise. Their communities offer a variety of independent living, assisted living, memory care, and respite care services. The company is proud to be a certified Great Place to Work (TM), with communities consistently recognized among U.S. News & World Report's "Best Senior Living" rankings. To learn more about Agemark, visit Agemark.com.