Schedule of Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2012

Mortgage Loans on Real Estate [Abstract]

Mortgage Loans on Real Estate, by Loan Disclosure



NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE¹
December 31, 2012
			Monthly						Amount Subject To
	Interest	Maturity	Payment	Prior	Original		Carrying		Delinquent Principal
	Rate	Date	Terms	Liens	Face Amount		Amount		or Interest
					(in thousands)
First Mortgages:
Skilled nursing facilities:
Manchester, NH	6.9%	Currently Due	$69,000		$	9,006	$	3,109	$	3,109
Taunton, MA	6.9%	Currently Due	$69,000		9,006		3,109		3,109
Greenfield, MA	6.9%	Currently Due	$62,000		8,105		2,798		2,799
Haysville, KS²	3.0% - 8.5%	2014	Interest Only		5,884		4,232
St. Charles, MO²	3.0% - 8.5%	2014	Interest Only		3,694		2,721
Joplin, MO²	3.0% - 8.5%	2014	Interest Only		3,800		2,619
Virginia Beach, VA	8%	2031	$27,000		3,814		2,934
Grundy, VA	8%	2032	$30,000		4,396		3,239
Others with carrying amounts less than 3% of total carrying amount of mortgages	3.0% - 9.6%	2013 - 2032					24,518		4,975

Assisted living facility in Owatonna, MN	7.47%	2018	$38,000		5,033		3,765

Construction Loan:
Transitional rehabilitation center in Mesa, Arizona	10%	2015	Interest Only		13,870		11,870

Second Mortgages:
Assisted living facility in Ocala, FL	13%	2014	Interest Only		2,500		2,500
1 assisted living facility with carrying amount less than 3% of total carrying amount of mortgages	12%	2014					800

							$	68,214	$	13,992

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 $19,037,000. 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 $9,257,000) 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
FOR THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
(in thousands)

	December 31,
	2012		2011		2010
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	78,672	$	75,465	$	94,588
Additions:
New mortgage loans	—		6,566		12,422
Interest accrued on construction loan	—		1,082		298
Total Additions	—		7,648		12,720

Deductions:
Settlement of mortgage note by real estate acquisition	—		—		22,936
Impairment of mortgage note	2,300		—		—
Collection of principal, less recoveries of previous write-downs	8,158		4,441		8,907
Total Deductions	10,458		4,441		31,843

Balance at end of period	$	68,214	$	78,672	$	75,465