NHR Extends NHC Lease Through 2017
03 Août 2005 - 12:23AM
Business Wire
National Health Realty, Inc. (AMEX: NHR), today announced the
extension of its agreement through 2017 to lease seven long-term
care centers, six assisted living centers and one retirement center
to National HealthCare Corporation (NHC). The initial term of the
lease was previously scheduled to expire on Dec. 31, 2007. The
lease extension is on the same terms as the original lease except
that the extended lease clarifies the procedures by which NHC as
tenant can make bed additions at existing centers. NHR owns the
real property of 16 skilled nursing facilities, six assisted living
centers and one retirement center. NHR also owns first and second
mortgage notes totaling $13.4 million. These notes are secured by
operating skilled nursing facilities and other health care
properties. Additional information including NHR's most recent
press releases may be obtained on NHR's web site at
www.nationalhealthrealty.com. The company trades on the American
Stock Exchange with the symbol NHR. Statements in this press
release that are not historical facts are forward-looking
statements. NHR cautions investors that any forward-looking
statements made involve risks and uncertainties and are not
guarantees of future performance. All forward-looking statements
represent NHR's best judgment as of the date of this release.
North Asia Investment Corp. (AMEX:NHR)
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