National Health Investors Enters California Market With Lease for Alvarado Parkway Behavioral Institute

OPEN MINDS Weekly Wire Strategic Health Care News On March 11, 2010, National Health Investors, Inc. (NHI) announced it signed a new lease transaction with Helix Healthcare that marks its entry into the California market. Helix Healthcare operates the 66-bed Alvarado Parkway Behavioral Institute in La Mesa, California. The 15-year lease terms include an initial lease payment of $1.5 million plus annual fixed escalators for a total value of $12.5 million. The Alvarado Parkway Behavioral Institute is acute psychiatric hospital opened in 1984; it is certified by the Joint Commission on the Accreditation of Healthcare Organizations . . .