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Nationwide Health Props (NHP)This is an EDITABLE stock research wiki. You can contribute by clicking on the EDIT PAGE link above or on the page icons that appear when you roll over one of the category subtitles below. From 1Table of contents
Company Information:Company Address: 610 Newport Center Drive Suite 1150 Newport Beach, CA 92660-6429
Company’s Web Address: http://www.nhp-reit.com
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Nationwide Health Properties, Inc. (NHP) is a real estate investment trust (REIT) that invests in healthcare facilities. The firm's primary business is to own and lease senior housing, long term care, and medical office buildings to various healthcare operators. NHP is structured as a triple-net lease healthcare REIT, which includes base rent (a regular income in the form of rent payments), pre-set thresholds (much like retail percentage rent clauses), and financing options (in the form of mortgage loans). The base rent and pre-set threshold agreements help eliminate operational risks, which are transferred to the lessee. The lessee also benefits by obtaining operational control and a larger share of profits without investments. NHP's largest tenants (as of June 30, 2008) are Brookdale Senior living (15.7% of cash rent), Hearthstone Senior Services (11.0%), Wingate Healthcare (6.2%), Atria Senior Living Group (4.6%), and Beverly Enterprises (4.4%). At June 30, 2008, NHP had investments in 562 facilities in 43 states. NHP's portfolio consists of assisted and independent living properties (50% of portfolio in 2Q08), skilled nursing facilities (27%), medical office buildings (MOBs 17%), and other (6%). The company has interests in 29 facilities via mortgage loan receivables totaling $119.1 million of investment.
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