National Health Investors is seeking to sell nine properties operated by Holiday Retirement, with plans to potentially sell even more properties this quarter, Senior Housing News reports.
The Murfreesboro, Tennessee-based real estate investment trust has inked a non-binding letter of intent to sell the nine-property portfolio to an institutional buyer that is leased to Holiday with an aggregate net book value of $133.5 million. NHI expects to close the transaction this month for $129.8 million and recognize an impairment of about $3.7 million in the third quarter in relation to the deal. Read more.
