National Health Investors (NHI) Misses Q3 FFO by 12c
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National Health Investors (NHI) to Expand Issaquah, WA-Located Facility
November 3, 2014 6:22 AM ESTNational Health Investors (NYSE: NHI) has agreed to lend up to $154.5 million to recapitalize and finance the expansion of Timber Ridge at Talus, a continuing care retirement community in Issaquah, Washington. It is anticipated the financing will close by November 30, 2014.
Serving the greater Seattle area, Timber Ridge at Talus is currently 95% occupied and the new expansion is 75% presold. The existing campus was built in 2008 and has 184 independent living apartments and 36 transitional care beds. Expansion construction is expected to begin... More
