Senior Housing News August 7, 2024
A more favorable cost of capital and a more narrow bid-ask spread in deals has National Health Investors (NYSE: NHI) preparing to ramp up investments this year.
NHI has spent much of 2024 preparing for new growth, and CEO Eric Mendelsohn said the Murfreesboro, Tennessee-based company expects that “external investment activity will be a significant driver of cash-flow growth in the foreseeable future.”
So far, the real estate investment trust (REIT) has closed on $56.6 million in investments in 2024 and has signed letters of intent for other deals valued at $155.4 million.
“We are convinced that we’re in the early days of exceptional growth for several years to come,” Mendelsohn said during an Aug. 7 earnings call with investors...
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