The tenant is a new privately held affiliate of Louisville, KY-based Atria Inc. The lease carries a 10-year term. The deal is one of three sale/leaseback transactions recently completed by Nationwide. The healthcare-focused real estate acquired 38 senior housing and long-term care properties in seven states totaling roughly $142.5 million.
Nationwide invests in skilled nursing facilities, assisted living facilities and continuing care retirement communities. The publicly held company also has investments in two rehabilitation hospitals.
Atria, formerly Atria Senior Quarters, was created by the merger of Atria Communities, the Arbor Co. and Kapson Senior Quarters. The company currently manages or owns roughly 100 facilities in more than 20 states.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
