Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2014



NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2014
			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:
Grundy, VA	8.0%	2032	$31,000		$	4,396	$	3,099
Virginia Beach, VA	8.0%	2031	$31,000		3,814		2,795
Lexington, VA	8.0%	2032	$21,000		3,089		1,989
Brookneal, VA	8.0%	2031	$21,000		2,780		1,959
Laurel Fork, VA	8.0%	2030	$20,000		2,672		1,893
Front Royal, VA	9.6%	2027	$22,000		2,367		1,588


Assisted living facility in Owatonna, MN	7.5%	2018	$38,000		5,033		3,657

Construction Loan:
Transitional rehabilitation center in Mesa, Arizona	10.0%	2015	Interest Only		13,870		11,870

Second Mortgages:
Skilled nursing facility in Georgetown, TX	14.0%	2015	Interest Only		1,000		1,000

Assisted living facilities:
Ocala, FL	13.0%	2014	Interest Only		2,500		2,500
Naples, FL	12.0%	2016	Interest Only		2,500		2,500

							$	34,850	$	—

See the notes to our consolidated financial statements for more information on our mortgage loan receivables.



NATIONAL HEALTH INVESTORS, INC.
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
(in thousands)
	December 31,
	2014		2013		2012
Reconciliation of mortgage loans on real estate
Balance at beginning of period	$	34,926	$	68,214	$	78,672
Additions:
New mortgage loans	1,131		1,369		—
Total Additions	1,131		1,369		—

Deductions:
Settlement of mortgage note by real estate acquisition	—		13,741		—
Impairment of mortgage note	—		4,037		2,300
Collection of principal, less recoveries of previous write-downs	1,207		16,879		8,158
Total Deductions	1,207		34,657		10,458

Balance at end of period	$	34,850	$	34,926	$	68,214