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National Health Investors acquires Okla. seniors community for $35M
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National Health Investors Inc. acquired the 200-unit The Country Club of Woodland Hills independent living and assisted living community in Tulsa, Okla., for $35.1 million, including $500,000 for capital improvements.
Discovery Senior Living signed a 15-year term lease for the facility at an initial lease rate of 7.0% plus annual fixed escalators and renewal options.
The company funded the acquisition using its revolving credit facility.