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NHI Announces $180M Loan for Arizona CCRC Project with LCS

MURFREESBORO, Tenn.–(BUSINESS WIRE)–National Health Investors (NYSE: NHI) announced today it has agreed to lend up to $180 million to recapitalize and finance the expansion of Sagewood, a 567-unit Continuing Care Retirement Community (“CCRC”) in Phoenix, Arizona. At closing, NHI funded $86.8 million of this commitment. The Class A CCRC currently consists of 316 independent living units, 44 assisted living units, 28 memory care units and 78 skilled nursing beds, and the project will fund the c

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