National Health Investors, Inc. (NYSE: NHI) announced the acquisition of seven properties with 532 units in Colorado for $106.9 million, including transaction costs. The company expects to make an additional investment of $3.6 million during the first year.

The properties will be included in NHI's Senior Housing Operating Portfolio segment and are managed by Generations, LLC, an existing NHI relationship. The communities are expected to generate an initial net operating income yield of approximately 8.3% and 7.8% after routine capital expenditures.

National Health Investors, established in 1991, is a self-managed real estate investment trust that specializes in sale-leaseback, joint venture, mortgage and mezzanine financing of senior housing and medical facility investments. The company operates in two reportable segments: Real Estate Investments and Senior Housing Operating Portfolio.

NHI's portfolio consists of independent living facilities, assisted living and memory care communities, entrance-fee retirement communities, senior living campuses, skilled nursing facilities and specialty hospitals.