Agemark Senior Living and National Health Investors, Inc. (NYSE:NHI) have partnered on financing for six memory care communities with 205 units in Nebraska. NHI will provide a long-term financing structure for the building, and Agemark will maintain 100% control of operations. This deal reinforces Agemark’s strategy of owning and operating senior living communities on a long-term basis with a partner that aligns with Agemark’s mission and vision.
The agreement involves six CountryHouse communities in Nebraska. Agemark established CountryHouse in 1997, which exclusively provides expert and personalized memory care. Nothing will change for CountryHouse residents, their families, or staff members.
Michael Pittore, Managing Partner for Agemark Senior Living, stated, “We are very excited to kick off this strategic relationship with NHI, which has been many years in the making. NHI’s people and strategy are aligned with Agemark’s, and this deal furthers our goal of securing long-term business with partners we can grow with so we can continue pursuing our mission of changing lives for another 40 years. Additionally, it is well-timed for both groups as we look to take advantage of growth opportunities and growing tailwinds in the market.”
Agemark Senior Living has been a trusted leader in senior care for nearly 40 years, creating vibrant and welcoming communities where seniors truly feel at home. With corporate offices in Orinda, California, and Omaha, Nebraska, Agemark owns and operates a growing portfolio of 28 senior living communities under 12 brands across six states. Agemark communities are built on a foundation of personalized service and hospitality-inspired experience, delivered with empathy and expertise. Agemark communities offer a variety of independent living, assisted living, memory care, and respite care services. The company is proud to be a certified Great Place to Work(TM), with communities consistently recognized among U.S. News & World Report’s “Best Senior Living” rankings.
Eric Mendelsohn, President and CEO of NHI, commented, “Agemark is an innovating leader in providing exceptional personalized care to memory care residents, and we have long admired their commitment. That is why we are thrilled to announce our new partnership today and we are already exploring opportunities to grow this relationship.”
About National Health Investors
Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust specializing in sale, leasebacks, joint ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI’s portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals. For more information, visit www.nhireit.com.
