National Health Investors draws down on revolver for senior-campus buy

By Wendy Van Sickle

Columbus, Ohio, Jan. 15 – National Health Investors, Inc. drew down on its revolving credit facility to purchase and leaseback a senior living campus in Massachusetts for a total initial investment of $50.3 million, according to a press release.

The campus, Wingate at Silver Lake, is in Kingston, Mass., and consists of three buildings with 34 independent living units, 69 assisted living units and 164 skilled nursing beds.

The health care real estate investment trust, based in Murfreesboro, Tenn., specializes in the financing of health care real estate by purchase and leaseback transactions and mortgage loans.

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