Tuesday, June 1, 2010

NHI Issues Commitment for $13.9 Million Construction Loan on Arizona Transitional Rehabilitation Center - MarketWatch

NHI Issues Commitment for $13.9 Million Construction Loan on Arizona Transitional Rehabilitation Center - MarketWatch

Justin Hutchens, NHI President and Chief Operating Officer, noted, "We are pleased to make an investment in this innovative transitional rehabilitation center. This facility will be specifically designed to cater to Medicare and managed care patients and others needing intensive rehabilitation services allowing for a very high revenue basis relative to industry averages. This transaction is NHI's first construction loan in some time because it is uniquely structured with an option for us to purchase and lease back the facility upon stabilization."

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