Merrill Gardens and National Health Investors (NHI) have entered into a joint venture that includes the ownership and operations of six independent living communities. The communities were formerly managed by Holiday Retirement, and more recently, Atria Senior Living. The transition was effective earlier this month.
“We are excited to build a relationship with NHI and grow our Truewood by Merrill portfolio. These communities allow us to expand in markets where we already have strong roots,” said Tana Gall, President of Merrill Gardens.
The communities are located in California and Washington, and they are being rebranded as part of the Truewood by Merrill brand. The six newly acquired communities are 100% independent living.
- Truewood by Merrill, Fig Garden (Fresno, CA) – 103 IL apartments
- Truewood by Merrill, Modesto (Modesto, CA) – 120 IL apartments
- Truewood by Merrill, Pinole (Pinole, CA) – 98 IL apartments
- Truewood by Merrill, Roseville (Roseville, CA) – 117 IL apartments
- Truewood by Merrill, West Covina – (West Covina, CA) 110 IL apartments
- Truewood by Merrill, Vancouver (Vancouver, WA) – 103 IL apartments
About Merrill Gardens
Merrill Gardens was founded in 1993 as developer, owner, and operator of senior living retirement communities offering independent living, assisted living and memory care. Currently the company operates 70 communities in 20 states with 7,000 residents and 4,000 team members, along with three communities in China. Merrill Gardens, and sister brand Truewood by Merrill, are built on the belief that every life is defined by possibilities, not limitations, and the company fosters a Yes You Can culture by providing an inspiring environment for residents, families, and team members.
About NHI
Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust specializing in sale – leaseback, joint – venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI ‘s portfolio consists of independent, assisted and memory care communities, entrance – fee communities, skilled nursing facilities, medical office buildings and specialty hospitals.