Exhibit 10.2
PARTIAL MASTER LEASE TERMINATION AGREEMENT AND PARTIAL ASSIGNMENT
AND ASSUMPTION OF MASTER LEASE
This Partial Master Lease Termination Agreement and Partial Assignment and Assumption of Master Lease (this “Agreement”) is entered into as of July 1, 2026 (the “Effective Date”), by and between National Health Investors, Inc., a Maryland corporation (“Landlord”), on behalf of itself and those of its affiliates identified a “Landlord Party” in Exhibit A attached hereto and incorporated herein (each a “Landlord Party” and collectively referred to as “Landlord Parties”), and NHC/OP, L.P., a Delaware limited partnership (“Tenant”), on behalf of itself and those of its affiliates identified a “Tenant Party” in Exhibit A attached hereto and incorporated herein (each a “Tenant Party” and collectively referred to as “Tenant Parties”). Landlord, Landlord Parties, Tenant and Tenant Parties are each referred to herein as a “Party”, and collectively, as the “Parties”.
Recitals
WHEREAS, Landlord and/or the Landlord Parties identified in Exhibit A attached hereto and incorporated herein with respect to the Facilities (as defined herein) own certain parcels of land in the counties and states identified on Exhibit A attached hereto and incorporated herein (the “Land”), upon which Land are located those certain improvements, fixtures and building(s) operated as skilled nursing facilities, assisted living facilities and/or independent living facilities (each such facility is referred to herein as a “Facility”; and collectively, such facilities are referred to herein as the “Facilities”).
WHEREAS, as of the Effective Date, Landlord, as lessor, leases to Tenant, as lessee, each of the Facilities (a) pursuant to that certain Master Agreement to Lease, dated October 17, 1991, as amended by that certain Amendment No. 1 to Master Agreement to Lease, dated June 2, 1993, as amended by that certain Amendment No. 2 to Master Agreement to Lease, dated January 15, 1996, as amended by that certain Amendment No. 3 to Master Agreement to Lease, dated July 22, 1997, as amended by that certain Amendment No. 4 to Master Agreement to Lease, dated December 31, 1997, as amended by that certain Amendment No. 5 to Master Agreement to Lease, dated December 27, 2005, as amended by that certain Amendment No. 6 to Master Agreement to Lease, dated December 26, 2012, as amended by that certain Amendment No. 7 to Master Agreement to Lease, dated August 28, 2013, as amended by that certain Amendment No. 8 to Master Agreement to Lease, dated October 30, 2020, as amended by that certain Amendment No. 9 to Master Agreement to Lease, dated March 29, 2021, and as amended by that certain Amendment No. 10 to Master Agreement to Lease, dated September 1, 2022, and (b) those short-form single Facility leases executed by the Parties on a Facility by Facility basis, which set forth a description of the Land and the Facilities and other limited terms (collectively, the “Master Lease”).
WHEREAS, the Facilities located in Florida and identified as Facility Nos. 3, 4, 5 and 6 on Exhibit A attached hereto and the Land owned by Landlord with respect to such Facility Nos. 3, 4, 5 and 6 are hereinafter referred to as the “Florida Facilities”.
WHEREAS, Tenant, Tenant Parties, Landlord and Landlord Parties are parties to that certain Purchase and Sale Agreement, dated April 21, 2026, as amended (the “Transaction Agreement”), pursuant to which Landlord shall sell to Tenant and Tenant shall purchase from Landlord the Land and the Facilities in accordance with the terms of the Transaction Agreement. In connection with the closing of the transaction contemplated by the Transaction Agreement, Tenant, Tenant Parties, Landlord and Landlord Parties are executing and delivering the Conveyance Documents (as defined in the Transaction Agreement).
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WHEREAS, simultaneously with the closing of the purchase and sale of the Land and the Facilities pursuant to the Transaction Agreement, Tenant, Tenant Parties, Landlord and Landlord Parties desire to, effective as of the Effective Date (a) terminate the Master Lease as to all Land and all Facilities except for the Florida Facilities (which Florida Facilities will remain subject to the Master Lease) (all Facilities, excluding the Florida Facilities, are hereinafter referred to as the “Terminated Facilities”), and (b) assign the Master Lease as to the Florida Facilities only from Landlord, as assignor, to National Health Realty, LLC, a Delaware limited liability company (the “Florida Assignee”), as assignee, and memorialize the terms and conditions on which such partial termination and partial assignment of the Master Lease will occur.
NOW, THEREFORE, in consideration of the Recitals which are incorporated herein and the foregoing premises and the covenants of the Parties set forth herein, IT IS HEREBY AGREED AS FOLLOWS:
1. Partial Termination. The Master Lease is hereby terminated as of the Effective Date as to the Terminated Facilities only, and, from and after the Effective Date, Tenant shall have no further right, title or interest in and to the Terminated Facilities pursuant to the Master Lease or to any deposits, reserves, or other amounts required to be paid by Tenant under the Master Lease as to the Terminated Facilities. From and after the Effective Date, other than the Surviving Obligations as to the Terminated Facilities (as defined herein), Landlord, Landlord Parties, Tenant and Tenant Parties shall have no further obligations to each other under the Master Lease with respect to the Terminated Facilities. Notwithstanding anything to the contrary herein, Landlord, Landlord Parties, Tenant and Tenant Parties agree that (a) the Master Lease is not terminated as to the Florida Facilities, and (b) any rights of first offer or first refusal to purchase or lease any property granted in the Master Lease as to any Facility or all Facilities and any rights of first offer or refusal to develop or manage any property or facility granted in the Master Lease shall not survive the Effective Date of the partial termination of the Master Lease.
2. Surviving Obligations. Landlord, Landlord Parties, Tenant and Tenant Parties acknowledge and agree that the following obligations of Landlord and Tenant under the Master Lease with respect to the Terminated Facilities shall survive the termination of the Master Lease with respect to the Terminated Facilities as of the Effective Date (collectively, the “Surviving Obligations as to the Terminated Facilities”):
(a) Any obligations of Landlord, any Landlord Party, Tenant and any Tenant Party under the Master Lease with respect to the Terminated Facilities which expressly survive the termination of the Master Lease pursuant to the terms of the Master Lease; and
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(b) Tenant’s obligation to deliver to Landlord for the Termination Partial Calendar Year (as defined herein) Tenant’s Certification (as defined in Section 2.06.02 of the Master Lease) of the Gross Revenues (as defined in Section 2.06.01 of the Master Lease) together with a certificate from the Tenant’s nationally reputable accounting firm which shall state, that in accordance with certain agreed upon procedures, such firm has agreed Tenant’s Gross Revenues for each of the Facilities (inclusive of the Florida Facilities) as set forth in Tenant’s Certification to the Company’s general ledger as of June 30, 2026. Such accounting firm will also agree Gross Revenue by entity (inclusive of the Facilities set forth in Tenant’s certification exclusive of the Florida facilities) to the June 30, 2026 Form 10-Q. Any differences identified during these procedures will be documented in the written report of Tenant’s nationally reputable accounting firm (the “Accounting Firm’s Agreed Upon Procedures Report”) that will accompany Tenant’s Certification. Landlord and Tenant agree that (i) as of the Effective Date, Tenant has paid to Landlord estimated Percentage Rent in the amount of $4,061,823.12 (“Estimated Payment Amount”) for the partial calendar year (commencing January 1, 2026 and ending on June 30, 2026) (the “Termination Partial Calendar Year”), (ii) Tenant shall be obligated to deliver to Landlord the Tenant’s Certification and the Accounting Firm’s Agreed Upon Procedures Report for the period covered by the Termination Partial Calendar Year on or before August 31, 2026, which shall include a reconciliation of the Percentage Rent actually payable by Tenant to Landlord for the Termination Partial Calendar Year, (iii) in the event Tenant’s Estimated Payment Amount is greater than the amount of actual Percentage Rent Tenant should have paid, then Landlord shall refund such overpayment to Tenant within 30-days following the date Landlord receives the later of Tenant’s Certification and the Accounting Firm’s Agreed Upon Procedures Report, (iv) in the event Tenant’s Estimated Payment Amount is less than the amount of actual Percentage Rent Tenant should have paid, then Tenant shall pay to Landlord such underpayment within 30-days following the date Landlord receives the later of Tenant’s Certification and the Accounting Firm’s Agreed Upon Procedures Report, and (v) the third party accounting firm of Tenant is satisfactory to Landlord to provide the Accounting Firm’s Agreed Upon Procedures Report, and (vi) Tenant’s Certification may be given by National Healthcare Corporation. For the avoidance of doubt, Landlord, Landlord Parties, Tenant and Tenant Parties acknowledge and agree that the accounting for and reconciliation of the Gross Revenues and Percentage Rent under this paragraph as to the Termination Partial Calendar Year shall be an accounting and reconciliation of such Gross Revenues and Percentage Rent for all Facilities (inclusive of the Florida Facilities).
3. Partial Assignment of Master Lease.
(a) Partial Assignment and Assumption of Master Lease as to the Florida Facilities. Landlord does hereby transfer, assign, convey and deliver to Florida Assignee, effective as of the Effective Date, its entire right, title and interest in the Master Lease with respect to the Florida Facilities only (and for the avoidance of doubt, the Master Lease will not be assigned with respect to the Terminated Facilities and will be terminated with respect to the Terminated Facilities pursuant to paragraph 1 above). In exchange for the assignment of the Master Lease as to the Florida Facilities only from Landlord to Florida Assignee and other good and valuable consideration, Florida Assignee does hereby accept this assignment and, for the benefit of Landlord, Florida Assignee expressly assumes and agrees to perform all of the terms, covenants, conditions and obligations of Landlord arising under the Master Lease with respect to the Florida Facilities from and after the Effective Date. Florida Assignee shall be permitted to record, at its sole cost, in the official land records of the appropriate county, a memorandum evidencing the assignment of the Master Lease as to the Florida Facilities only.
(b) Florida Assignee’s Indemnification of Landlord. Florida Assignee shall defend, protect, indemnify, and hold Landlord harmless from and against any and all liabilities, obligations, claims, suits, losses, costs, damages, or expenses (including court costs and reasonable attorneys’ fees) arising from or relating to the failure of Florida Assignee to fully perform all of its obligations as “landlord” under the Master Lease with respect to the Florida Facilities from and after the Effective Date.
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(c) Landlord’s Indemnification of Florida Assignee. Landlord shall defend, protect, indemnify and hold Florida Assignee harmless from and against any and all liabilities, obligations, claims, suits, losses, costs, damages, or expenses (including court costs and reasonable attorneys’ fees) arising from or relating to the failure of Landlord to fully perform all of its obligations as “landlord” under the Master Lease with respect to the Florida Facilities prior to the Effective Date.
4. Mutual Release.
(a) Effective as of the Effective Date, each Party (i) knowingly, voluntarily, unconditionally, irrevocably, and expressly forever discharges and releases the other Parties and their respective members, shareholders, limited partners, general partners, officers, managers, directors, owners, employees, agents, representatives, attorneys, beneficiaries, predecessors, successors and assigns (collectively with the other Parties, the “Released Parties”) of and from, and remises and waives any Damages and/or Claims (as defined below), and (ii) knowingly, voluntarily and expressly waives and relinquishes all rights and benefits, and covenants and agrees not to commence any action, legal proceeding, cause of action or suits in law or equity, of whatever kind or nature, directly or indirectly, with or against the Released Parties, in connection with any Damages and/or Claims.
(b) Each Party acknowledges that, subsequent to the execution of this Agreement, it may discover Damages and/or Claims which are unknown or unanticipated as of the Effective Date, including unknown or unanticipated Damages and/or Claims that arose from, or are based upon or relate to, matters for which such Party’s release is given under this Agreement, and that, if known on the Effective Date, may have materially affected such Party’s decision to execute this Agreement. This Agreement contemplates the extinguishment of any such unknown or unanticipated Damages and/or Claims.
(c) Each Party agrees, represents and warrants that (i) it is represented by counsel; (ii) it has read and fully understands the provisions of this Agreement and the waivers and released contained in this Agreement; (iii) it has been specifically advised by its counsel of the consequences of the above waiver and release and this Agreement generally; (iv) the waivers and releases in this Agreement have been negotiated and agreed upon in light of such review and advice; (v) it has not assigned, transferred, pledged, hypothecated, or otherwise conveyed its interest in the Master Lease and the Damages and/or Claims; and (vi) each Party hereby expressly waives and relinquishes all rights and benefits it may have under applicable law which would limit the waiver and release in this Agreement to the Damages and/or Claims which are known to or anticipated by such Party.
(d) As used in this Agreement, “Damages and/or Claims” means any and all manner of, any actions, causes of action, suits, claims, counterclaims, demands, costs, debts, rent, dues, accounts, reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, acknowledgments, extents, executions, liens, remedies, liabilities judgments, defenses, assertions, allegations, rights of setoff, sums of money owed, proceedings, doings, omissions, loss of services, attorneys’ fees and expenses, and all expenses and compensation related in any way to all known or unknown injuries or damages resulting, now or later, from the Termination and Eviction, whether fixed or contingent, asserted or unasserted, known or unknown, at law or in equity, in contract or tort, unsecured, secured, priority, administrative, or otherwise, suspected or unsuspected, accrued or unaccrued, patent or latent, liquidated or unliquidated, pending or threatened, and all resulting damages, including but not limited to actual damages, compensatory damages, consequential damages, statutory damages, punitive and exemplary damages, pre-judgment and post-judgment interest, attorneys’ fees and costs of court, and all other damages, which any Party has, ever had, or may have now or hereafter, against the Released Parties for, upon, or by reason of the Master Lease, the Terminated Facilities, and/or the Florida Facilities, but excluding in any event: (i) the rights, remedies, representations, warranties, indemnities, covenants and other obligations created by this Agreement, the Transaction Agreement, and the Conveyance Documents; and (ii) the Surviving Obligations as to the Terminated Facilities.
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5. Final Agreement. This Agreement reflects the entire and final agreement of the Parties thereto with respect to the subject matter hereof and supersedes all prior negotiations, discussions and writings with respect thereto.
6. Defined Terms. Capitalized words not otherwise defined herein shall have the meaning ascribed to such word in the Master Lease.
7. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same document. Further, this Agreement may be executed by electronic means including, but not limited to, pdf or other electronic signatures (including Docusign).
8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, without giving effect to any conflict of laws principles which would cause the laws of any other jurisdiction to apply.
9. Attorneys’ Fees. In the event any litigation or other proceeding brought by any Party hereunder, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs of suit. The court in such litigation or other proceeding shall be requested to designated the prevailing party, if any.
10. Interpretation. This Agreement shall, unless otherwise specified herein, be subject to the following rules of interpretation: (a) the singular includes the plural and the plural the singular; (b) words importing any gender include the other genders; (c) references to persons or entities include its permitted successors and assigns; (d) words and terms which include a number of constituent parts, things or elements shall be construed as referring separately to each constituent part, thing or element thereof, as well as to all of such constituent parts, things or elements as a whole; (e) references to statutes are to be construed as including all rules and regulations adopted pursuant to the statute referred to and all statutory provisions consolidating, amending or replacing the statute referred to; (f) references to agreements and other contractual instruments shall be deemed to include all subsequent amendments thereto or changes therein entered into in accordance with its respective terms; (g) the words “approve” or “consent” or “agree” or derivations of said words or words of similar import mean, unless otherwise expressly provided herein or therein, the prior approval, consent, or agreement in writing of the person holding the right to approve, consent or agree with respect to the matter in question, and the words “require” or “judgment” or “satisfy” or derivations of said words or words of similar import mean the requirement, judgment or satisfaction of the person who may make a requirement or exercise judgment or who must be satisfied, which approval, consent, agreement, requirement, judgment or satisfaction shall, unless otherwise expressly provided herein or therein, be in the sole and absolute discretion of the person holding the right to approve, consent or agree or who may make a requirement or judgment or who must be satisfied; (h) the words “include” or “including” or words of similar import shall be deemed to be followed by the words “without limitation”; (i) the words “hereto” or “hereby” or “herein” or “hereof” or “hereunder,” or words of similar import, refer to this Agreement in its entirety; (j) references to sections, articles, paragraphs or clauses are to the sections, articles, paragraphs or clauses of this Agreement; and (k) numberings and headings of sections, articles, paragraphs and clauses are inserted as a matter of convenience only and shall not affect the construction of this Agreement.
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[Signature page follows]
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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.
LANDLORD:
National Health Investors, Inc., a Maryland corporation (on behalf of itself and each of the identified Landlord Parties in Exhibit A attached hereto)
By:
/s/ Kristin S. Gaines
Print Name: Kristin S. Gaines
Title: Chief Transaction Officer
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TENANT:
NHC/OP, L.P., a Delaware limited partnership (on behalf of itself and each of the identified Tenant Parties in Exhibit A attached hereto)
By: NHC/Delaware, Inc., a Delaware corporation
Its: General Partner
By:
/s/ Stephen F. Flatt
Print Name: Stephen F. Flatt
Title: President
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EXHIBIT A
SCHEDULE OF FACILITIES, LANDLORD PARTIES AND TENANT PARTIES
Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
1.
NHC HealthCare, Anniston
2300 Coleman Road
Anniston, AL 36207-6824
Calhoun County
NHI
NHC HealthCare/Anniston, LLC
151 SNF beds
2.
NHC HealthCare, Moulton
300 Hospital Street
Moulton, AL 35650-1268
Lawrence County
NHI and NHI-REIT of Alabama,
L.P.
NHC HealthCare/Moulton, LLC
136 SNF Beds
3.
NHC Bayonet Point Health &
Rehabilitation
7210 Beacon Woods Dr. Hudson, FL 34667-1974
Pasco County
NHI and NHI/REIT of Florida,
L.P.
National Health Realty, LLC
180 SNF Beds
4.
NHC Parkway Health & Rehabilitation Center
800 SE Central Parkway
Stuart, FL 34994-3901
Martin County
NHI
National Health Realty, LLC
177 SNF Beds
5.
NHC Health Center of Merritt Island
500 Crockett Blvd.
Merritt Island, FL 32953-5034
Brevard County
NHI
National Health Realty, LLC
180 SNF Beds
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Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
6.
NHC Health Center of Plant City
701 North Wilder Road
Plant City, FL 33566-7547
Hillsborough County
NHI
National Health Realty, LLC
180 SNF Beds
7.
NHC HealthCare, Glasgow
109 Homewood Blvd.
Glasgow, KY 42141-3468
Barren County
NHI
NHC HealthCare/Glasgow, LLC
194 SNF Beds
12 AL Beds
8.
NHC HealthCare, Desloge
801 Brim Street
Desloge, MO 63601-3411
St. Francois County
NHI
NHC HealthCare/Desloge, LLC
120 SNF Beds
9.
NHC HealthCare, Joplin
2700 E. 34th Street
Joplin, MO 64804-4310
Newton County
NHI
NH HealthCare/Joplin, LLC
124 SNF Beds
10.
NHC HealthCare, Kennett
1120 Falcon Drive
(Route 1, South Bypass)
Kennett, MO 63857-3825
Dunklin County
NHI
NHC HealthCare/Kennett, LLC
170 SNF Beds
11.
NHC Maryland Heights
2920 Fee Fee Road
Maryland Heights, MO 63043-1915
St. Louis County
NHI
NHC HealthCare/Maryland Heights, LLC
220 SNF Beds
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Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
12.
NHC HealthCare, St. Charles
35 Sugar Maple Lane
St. Charles, MO 63303-5740
St. Charles County
NHI
NHC HealthCare/St. Charles, LLC
120 SNF Beds
13.
Lake St. Charles Retirement Center
45 Honey Locust Lane
St. Charles, MO 63303-5711
St. Charles County
NHI
NHC Place/Lake St. Charles, LLC
26 ALF Units and 152 ILF Units
(Total 178 Units)
14.
NHC HealthCare, Anderson
1501 East Greenville St. Anderson, SC 29621-2004
Anderson County
NHI/Anderson, LLC
NHC HealthCare/Anderson, LLC
290 SNF Beds
15.
NHC HealthCare, Greenwood
437 East Cambridge Avenue
Greenwood, SC 29646-2244
Greenwood County
NHI
NHC HealthCare/Greenwood, LLC
152 SNF Beds
16.
NHC HealthCare, Laurens
379 Pinehaven Street Ext.
Laurens, SC 29360-2672
Laurens County
NHI and NHI/Laurens, LLC
NHC HealthCare/Laurens, LLC
176 SNF Beds
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Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
17.
NHC HealthCare, Athens
1204 Frye Street
Athens, TN 37303-3052
McMinn County
NHI
NHC HealthCare/Athens, LLC
86 SNF Beds
18.
NHC HealthCare, Chattanooga
2700 Parkwood Avenue
Chattanooga, TN 37404-1730
Hamilton County
NHI
NHC HealthCare/Chattanooga, LLC
200 SNF Beds
19.
NHC Parkwood Retirement Apartments
2700A Parkwood Avenue
Chattanooga, TN 37404-1730
Hamilton County
NHI
NHC HealthCare/Chattanooga, LLC
30 ILF Units
20.
NHC HealthCare, Dickson
812 North Charlotte St.
Dickson, TN 37055-1009
Dickson County
NHI
NHC HealthCare/Dickson, LLC
191 SNF Beds
20 ALF Units
21.
NHC HealthCare, Franklin
216 Fairground Street
Franklin, TN 37064-3531
Williamson County
NHI
NHC HealthCare/Franklin, LLC
80 SNF Beds
22.
NHC HealthCare, Hendersonville
370 Old Shackle Island Road
Hendersonville, TN 37075-3082
Sumner County
NHI
NHC HealthCare/Hendersonville, LLC
122 SNF Beds
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Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
23.
NHC Colonial Hill Retirement Center
3209 Bristol Hwy.
Johnson City, TN 37601-1543
Washington County
NHI
NHC HealthCare/Johnson City, LLC
63 ILF Units
24.
NHC HealthCare, Johnson City
3209 Bristol Hwy.
Johnson City, TN 37601-1515
Washington County
NHI
NHC HealthCare/Johnson City, LLC
167 SNF Beds
25.
NHC HealthCare, Lewisburg
1653 Mooresville Hwy.
Lewisburg, TN 37091-2005
Marshall County
NHI
NHC HealthCare/Lewisburg, LLC
100 SNF Beds
26.
NHC HealthCare, McMinnville
928 Old Smithville Road
McMinnville, TN 37110-6805
Warren County
NHI
NHC HealthCare/McMinnville, LLC
115 SNF Beds
27.
NHC HealthCare, Milan
8017 Dogwood Lane
Milan, TN 38358-6805
Gibson County
NHI
NHC HealthCare/Milan, LLC
117 SNF Beds
28.
NHC HealthCare, Oakwood
244 Oakwood Drive
Lewisburg, TN 37091-3153
Marshall County
NHI
NHC HealthCare/Oakwood, LLC
60 SNF Beds
12
Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
29.
NHC HealthCare, Pulaski
993 East College Street
Pulaski, TN 38478-4432
Giles County
NHI
NHC HealthCare/Pulaski, LLC
102 SNF Beds
30.
NHC HealthCare, Scott
2380 Buffalo Road
Lawrenceburg, TN 38646-4809
Lawrence County
NHI
NHC HealthCare/Scott, LLC
60 SNF Beds
31.
NHC HealthCare, Sequatchie
360 Dell Trail
Dunlap, TN 37327-5511
Sequatchie County
NHI
NHC HealthCare/Sequatchie, LLC
110 SNF Beds
32.
NHC HealthCare, Smithville
825 Fisher Avenue
Smithville, TN 37166-2140
DeKalb County
NHI
NHC HealthCare/Smithville, LLC
114 SNF Beds
6 ALF Units
33.
NHC HealthCare, Somerville
308 Lake Drive
Somerville, TN 38068-9716
Fayette County
NHI
NHC HealthCare/Somerville, LLC
72 SNF Beds
12 ALF Beds
34.
NHC HealthCare, Sparta
34 Gracey Street
Sparta, TN 38583-2046
White County
NHI
NHC HealthCare/Sparta, LLC
96 SNF Beds
13
Facility
No.
Property Name
and Address
Landlord Parties for Property
(“NHI” = National Health
Investors, Inc., a Maryland corporation)
Tenant Parties for Property
Type of Facility
35.
NHC HealthCare, Bristol
245 North Street
Bristol, VA 24201-3274 (also known as 245 North Street, Bristol, TN)
Washington County, VA
Sullivan County, TN
NHI and NHI-REIT of Virgina, L.P.
NHC HealthCare/Bristol, LLC
120 SNF Beds
“Florida Facilities” mean the following Facilities: Facility No. 3, Facility No. 4, Facility No. 5 and Facility No. 6 above.
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