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MURFREESBORO, TENN. Ń National Health Investors Inc. (NYSE: NHI) has signed a definitive purchase agreement to acquire 25 independent living facilities from subsidiaries of Holiday Acquisition Holdings LLC, an affiliate of Holiday Retirement. The total purchase price of the 25 communities is approximately $491 million.

ŇThis investment is in line with our stated goals of partnering with strong operators, diversifying our portfolio, and financing growth in a conservative fashion,’ says Justin Hutchens, CEO and president of NHI.

The acquisition is expected to close by the end of the year. Wells Fargo Securities served as the financial advisor to NHI on this transaction.

The 25 independent living facilities will continue to be operated by affiliates of Holiday Retirement, with a 17-year master lease signed by an affiliate of Holiday.

The 25 facilities include:

áĘĘĘĘĘ Apple Blossom in Rogers, Ark.

áĘĘĘĘĘ Butterfield Place in Fort Smith, Ark.

áĘĘĘĘĘ Bay Park in Pinole, Calif.

áĘĘĘĘĘ Bridgecreek in West Covina, Calif.

áĘĘĘĘĘ Camelot in Hemet, Calif.

áĘĘĘĘĘ Fig Garden in Fresno, Calif.

áĘĘĘĘĘ Hampshire in Merced, Calif.

áĘĘĘĘĘ Mistywood in Roseville, Calif.

áĘĘĘĘĘ Shandiford Place in Modesto, Calif.

áĘĘĘĘĘ Iris Place in Athens, Ga.

áĘĘĘĘĘ Riverplace in Columbus, Ga.

áĘĘĘĘĘ River’s Edge in Savannah, Ga.

áĘĘĘĘĘ Chateau De Boise in Boise, Idaho

áĘĘĘĘĘ Arbor Glen in Fort Wayne, Ind.

áĘĘĘĘĘ Nouveau Marc in Kenner, La.

áĘĘĘĘĘ Yardley Commons in Voorhees, N.J.

áĘĘĘĘĘ Worthington in Gahanna, Ohio

áĘĘĘĘĘ Silver Arrow Estates in Broken Arrow, Okla.

áĘĘĘĘĘ Astor House at Springbrook Oak in Newberg, Ore.

áĘĘĘĘĘ Eagle Crest in Myrtle Beach, S.C.

áĘĘĘĘĘ Westminster in Greenville, S.C.

áĘĘĘĘĘ Bedford in Vancouver, Wash.

áĘĘĘĘĘ Garden Club in Bellevue, Wash.

áĘĘĘĘĘ Kamlu Retirement Inn-Vancouver in Vancouver, Wash.

áĘĘĘĘĘ Orchard Park in Yakima, Wash.

The 25 facilities total 2,841 units, have a median age of 16 years and have an average occupancy rate for the nine months ending Sept. 30 of 89 percent.

The stock price for National Health Investors closed on Tuesday at $60.66 per share, up from trading at $53.79 per share a year ago.

Holiday Retirement is owned by Fortress Investment Group LLC (NYSE: FIG), a global investment company with about $58 billion of assets under management as of Sept. 30, 2013.

ŃĘJohn Nelson

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