Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2011

Mortgage Loans on Real Estate [Abstract]

Mortgage Loans on Real Estate

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE  LOANS ON REAL ESTATE(1)
DECEMBER 31, 2011
									Principal Amount
									of Loan Subject
		Final	Periodic		Original		Carrying		To Delinquent
	Interest	Maturity	Payment	Prior	Face Amount		Amount		Principal or
Description	Rate	Date	Terms	Liens	of Mortgages		of Mortgages		Interest
					(in thousands)
First Mortgages:
Skilled nursing facilities:
Manchester, NH	6.9%	2012	$69,000		$	9,006	$	3,690
Taunton, MA	6.9%	2012	$69,000			9,006		3,690
Greenfield, MA	6.9%	2012	$62,000			8,105		3,321
Haysville, KS(2)	3.0% - 8.5%	2014	Interest Only			5,884		4,743
St. Charles, MO(2)	3.0% - 8.5%	2014	Interest Only			3,694		3,050
Joplin, MO(2)	3.0% - 8.5%	2014	Interest Only			3,800		2,935
Council Grove, KS(2)	3.0% - 8.5%	2014	Interest Only			2,860		2,413
Virginia Beach, VA	8.0%	2031	$27,000			3,814		2,994
Grundy, VA	8.0%	2032	$30,000			4,396		3,300
Others with carrying amounts less than 3% of total carrying amount of mortgages	3.0% - 9.6%	2011 - 2032						29,557
Assisted living facility in Owatonna, MN	7.47%	2018	$38,000			5,033		3,809
Construction Loan:
Transitional rehabilitation center in Mesa, Arizona	10.0%	2015	Interest Only			13,870		11,870
Second Mortgages:
Assisted living facility in Ocala, FL	13.0%	2014	Interest Only			2,500		2,500
1 assisted living facility with carrying amount less than 3% of total carrying amount of mortgages	12.0%	2014						800
							$	78,672

NOTES TO SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

(1) See Note 4 to Consolidated Financial Statements for more information on our mortgage loan receivables.

(2) The Company has a first mortgage receivable on 8 properties with an original amount of $26,293,000 and current carrying value of $21,337,000.  The notes on these properties are separated into individual notes per property with Note A in the aggregate original amount of $16,513,000 (carrying value $11,557,000) at 8.5% and Note B in the aggregate original amount of $9,780,000 is at 3% with all principal and interest due at maturity.  All notes on the 8 properties are cross-collateralized.

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE (continued)
FOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009
(in thousands)
	December 31,
	2011	2010	2009
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$         75,465	$        94,588	$      108,640
Additions:
New mortgage loans	6,566	12,422	4,501
Interest accrued on construction loan	1,082	298	-
Total Additions	7,648	12,720	4,501
Deduction:
Settlement of mortgage note by real estate acquisition	-	22,936
Collection of principal, less recoveries of previous write-downs	4,441	8,907	18,553
Total Deductions	4,441	31,843	18,553
Balance at end of period	$         78,672	$        75,465	$        94,588