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National Health Investors buys Michigan assisted living facility

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National Health Investors buys Michigan assisted living facility

National Health Investors Inc. purchased the Brighton Manor assisted living facility in Brighton, Mich., for $13.5 million using its revolving credit facility.

The healthcare real estate investment trust will lease the 73-unit facility to a Comfort Care Senior Living LLC affiliate for 10 years at a lease rate of 7.75% plus annual escalators commencing in the third year.