NHI Buys Skilled Nursing Facility Near San Antonio for $13.9M

NEW BRAUNFELS, Texas — National Health Investors Inc. (NYSE: NHI) has acquired a 126-bed skilled nursing facility in the San Antonio suburb of New Braunfels for $13.9 million. The seller and name of facility were not disclosed.

NHI will immediately lease the facility to an affiliate of The Ensign Group. The property will be added to an existing master lease with the company. Ensign now operates 15 skilled nursing facilities in Texas for NHI.

The facility, which opened in 2015, is the first of four acquisitions that NHI has agreed to. The Tennessee-based REIT used its revolving credit facility to acquire the property.

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