CORINTH, DENTON COUNTY - National Health Investors Inc. (NHI) announced a $26.3 million acquisition totaling 254 beds from Fundamental Long Term Care Holdings. The skilled nursing facilities, each less than two years old, have locations in Corinth and Canton.
The Corinth facility, located at 3511 Corinth Pkwy., contains 134 beds.
The Canton facility contains 120 beds. Canton is in Van Zandt County near Tyler.
Indirect affiliates of Fundamental committed to a ten-year initial lease term with $2.4 million in annual lease payments plus annual fixed escalators.
Read more at Business Wire and the Nashville Post.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.