National Health Investors president and CEO Eric Mendelsohn National Health Investors president and CEO Eric Mendelsohn

MURFREESBORO, TN—National Health Investors Inc. reports it has entered into a property joint venture valued at approximately $128.4 million with current tenant Discovery Senior Living on six senior health care properties located in Pennsylvania, Maryland and Indiana.

The joint venture will acquire the six properties for $128.35 million, including up to $1.5 million in estimated closing costs and expenses. NHI, headquartered in Murfreesboro, TN is the managing member and will own 97.5% of the joint venture equity and Bonita Springs, FL-based Discovery will own 2.5%.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.