NHI Announces $105.5 Million SHOP Investment
Rhea-AI Summary
National Health Investors (NYSE:NHI) invested $105.5 million (including transaction costs) to acquire nine senior housing properties totaling 460 units in Kentucky, South Carolina and Tennessee on February 2, 2026.
The assets will join NHI's Senior Housing Operating Portfolio (SHOP), be managed by Allegro Living Management, and require an additional $3.3 million of investment in year one. The communities are projected to deliver an initial NOI yield ~8.0% and 7.6% after routine capital expenditures. NHI also has about $108.5 million in signed LOIs at ~7.5% NOI and an evaluated incremental pipeline near $250 million.
Positive
- Acquired nine senior housing properties for $105.5 million covering 460 units
- Expected initial NOI yield ~8.0% indicating near-term cash returns
- Assets will be integrated into SHOP and managed by an existing affiliate (Allegro Living)
Negative
- Projected NOI declines to 7.6% after routine capital expenditures
- Planned additional capital of $3.3 million in the first year increases near-term cash outflow
Key Figures
Market Reality Check
Peers on Argus
NHI gained 1.67% with several healthcare REIT peers also positive: SBRA +1.57%, CTRE +1.00%, HR +0.66%, and MPW +0.40%, while only AHR was slightly negative. This points to stock strength reinforced by a broadly constructive sector tone.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Earnings call timing | Neutral | +3.1% | Set dates for Q4 2025 earnings release and conference call. |
| Dec 18 | Investment update | Positive | -0.7% | Announced $89.2M in 2025 investments and a larger senior housing pipeline. |
| Nov 06 | Dividend declaration | Positive | +2.0% | Declared Q4 2025 dividend of $0.92 per common share. |
| Nov 06 | Investor update | Neutral | +2.0% | Provided updated investor materials and webcast information. |
| Nov 06 | Earnings results | Positive | +2.0% | Reported Q3 2025 results with SHOP growth and raised full-year guidance. |
Recent capital deployment and dividend/earnings updates have generally seen modest positive price reactions, with only one recent investment update drawing a small negative move.
Over the past several months, NHI has highlighted consistent capital deployment and shareholder returns. On Nov 6, 2025, it reported Q3 2025 results with strong SHOP NOI growth and raised 2025 guidance, alongside year-to-date investments of $303.2M. The same day, it announced a $0.92 Q4 2025 dividend and issued an investor update. On Dec 18, 2025, NHI detailed $89.2M of new investments and a sizeable pipeline. Most of these updates were followed by positive price reactions, framing today’s new SHOP investments as part of an ongoing expansion strategy.
Market Pulse Summary
This announcement details a sizeable expansion of NHI’s SHOP platform, with a $105.5M acquisition of nine properties (460 units) and expected NOI yields of 8.0% initially and 7.6% after capital spending. It also highlights $108.5M in signed LOIs and a further $250M investment pipeline. In context of prior updates on SHOP growth and raised guidance, investors may focus on execution, occupancy and margins within these operating assets.
Key Terms
senior housing operating portfolio technical
noi financial
AI-generated analysis. Not financial advice.
MURFREESBORO, TN / ACCESS Newswire / February 2, 2026 / National Health Investors, Inc. (NYSE:NHI) announced today that it invested
The properties and healthcare operations will be included in NHI's Senior Housing Operating Portfolio ("SHOP") segment and will be managed by Allegro Living Management, an affiliate of Spring Arbor Management which is an existing relationship for NHI with a total investment of approximately
Investment Activity and Pipeline
NHI currently has approximately
About National Health Investors, Inc.
National Health Investors, Inc. (NYSE:NHI), established in 1991, is a self-managed real estate investment trust specializing in sale-leaseback, joint venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical facility investments. NHI operates in two reportable segments: Real Estate Investments and Senior Housing Operating Portfolio ("SHOP"). NHI's portfolio consists of independent living facilities, assisted living and memory care communities, entrance-fee retirement communities, senior living campuses, skilled nursing facilities and specialty hospitals. For more information, visit www.nhireit.com.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the completion and timing of the proposed offering of securities by the Company and the intended use of net proceeds of such offering, and similar statements, including, without limitation, those containing words such as "may", "will", "should", "believes", "anticipates", "expects", "intends", "estimates", "plans", "projects", "target", "likely" and other similar expressions are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Such risks and uncertainties include, among other things: the operating success of our property managers, tenants and borrowers for collection of our lease and interest income; the risk that our property managers, tenants and borrowers may become subject to bankruptcy or insolvency proceedings; risks related to the concentration of a significant percentage of our portfolio to a small number of tenants; actual or perceived risks associated with pandemics, epidemics or outbreaks on our property managers', tenants' and borrowers' businesses and results of operations; risks related to governmental regulations and payors, principally Medicare and Medicaid, and the effect that lower reimbursement rates would have on our tenants' and borrowers' business; the risk that the cash flows of our property managers, tenants and borrowers would be adversely affected by increased liability claims and liability insurance costs; the risk that we may not be fully indemnified by our property managers, lessees and borrowers against future litigation; the success of property development and construction activities, which may fail to achieve the operating results we expect; the risk that the illiquidity of real estate investments could impede our ability to respond to adverse changes in the performance of our properties; the concentration of our investments in healthcare properties; inflation and increased interest rates; adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or non-performance by financial institutions; adverse geopolitical developments; operational risks with respect to our senior housing operating portfolio structured communities; risks related to our ability to maintain the privacy and security of our information; risks related to environmental laws and the costs associated with liabilities related to hazardous substances; the risk of damage from catastrophic weather and other natural or man-made disasters and the physical effects of climate change; the success of our future acquisitions and investments; our ability to reinvest cash in real estate investments in a timely manner and on acceptable terms; our ability to retain our management team and other personnel and attract suitable replacements should any such personnel leave; the risk that our assets may be subject to impairment charges; the potential need to incur more debt in the future, which may not be available on terms acceptable to us; our ability to meet covenants related to our indebtedness which impose certain operational limitations and a breach of those covenants could materially adversely affect our financial condition and results of operations; our dependence on revenues derived mainly from fixed rate investments in real estate assets, while a portion of our debt bears interest at variable rates; and our dependence on the ability to continue to qualify for taxation as a real estate investment trust and other risks which are described under the heading "Risk Factors" in Item 1A in our Form 10-K for the year ended December 31, 2024 and our Form 10-Q for the quarter ended September 30, 2025. Many of these factors are beyond the control of NHI and its management. NHI assumes no obligation to update any of the foregoing or any other forward looking statements, except as required by law, and these statements speak only as of the date on which they are made. Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information in the above referenced Form 10-K. Copies of each filing may be obtained from NHI or the SEC.
Contact: Dana Hambly, Vice President, Investor Relations
Phone: (615) 890-9100
SOURCE: National Health Investors
View the original press release on ACCESS Newswire
FAQ
What did NHI (NYSE:NHI) announce about the $105.5 million SHOP investment on February 2, 2026?
How will the nine-property purchase affect NHI's SHOP portfolio and management?
What are the expected financial returns from NHI's new SHOP acquisition (NYSE:NHI)?
Does NHI expect further capital needs after the $105.5 million acquisition?
What additional SHOP pipeline and LOIs did NHI disclose alongside the February 2, 2026 investment?
