Schedule III - Real Estate and Accumulated Depreciation Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

Schedule III - Real Estate and Accumulated Depreciation [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

	NATIONAL HEALTH INVESTORS, INC.
	SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
	December 31, 2022
	($ in thousands)
								Costs
				Initial Cost to Company(C)				Capitalized										Date
						Buildings &		Subsequent to				Buildings &				Accumulated		Acquired/
		Encumbrances(A)		Land		Improvements		Acquisition		Land		Improvements		Total(D)		Depreciation(B)		Constructed
Real Estate Investments
	Skilled Nursing Facilities
	Anniston, AL	$	—	$	70	$	4,477	$	—	$	70	$	4,477	$	4,547	$	3,730	10/17/1991
	Moulton, AL	—		25		688		—		25		688		713		688		10/17/1991
	Avondale, AZ	—		453		6,678		—		453		6,678		7,131		4,489		8/13/1996
	Brooksville, FL	—		1,217		16,166		—		1,217		16,166		17,383		5,220		2/1/2010
	Crystal River, FL	—		912		12,117		—		912		12,117		13,029		3,913		2/1/2010
	Dade City, FL	—		605		8,042		—		605		8,042		8,647		2,597		2/1/2010
	Hudson, FL (2 facilities)	—		1,290		22,392		—		1,290		22,392		23,682		12,840		Various
	Merritt Island, FL	—		701		8,869		—		701		8,869		9,570		7,722		10/17/1991
	New Port Richey, FL	—		228		3,023		—		228		3,023		3,251		976		2/1/2010
	Plant City, FL	—		405		8,777		—		405		8,777		9,182		7,572		10/17/1991
	Stuart, FL	—		787		9,048		—		787		9,048		9,835		8,023		10/17/1991
	Trenton, FL	—		851		11,312		—		851		11,312		12,163		3,653		2/1/2010
	Glasgow, KY	—		33		2,110		—		33		2,110		2,143		2,066		10/17/1991
	Desloge, MO	—		178		3,804		—		178		3,804		3,982		3,804		10/17/1991
	Joplin, MO	—		175		4,034		—		175		4,034		4,209		3,283		10/17/1991
	Kennett, MO	—		180		4,928		—		180		4,928		5,108		4,799		10/17/1991
	Maryland Heights, MO	—		150		4,790		—		150		4,790		4,940		4,668		10/17/1991
	St. Charles, MO	—		420		5,512		—		420		5,512		5,932		5,512		10/17/1991
	Albany, OR	—		190		10,415		—		190		10,415		10,605		2,700		3/31/2014
	Creswell, OR	—		470		8,946		—		470		8,946		9,416		2,216		3/31/2014
	Forest Grove, OR	—		540		11,848		—		540		11,848		12,388		2,981		3/31/2014
	Anderson, SC	—		308		4,643		—		308		4,643		4,951		4,494		10/17/1991
	Greenwood, SC	—		174		3,457				174		3,457		3,631		3,268		10/17/1991
	Laurens, SC	—		42		3,426		—		42		3,426		3,468		3,149		10/17/1991
	Orangeburg, SC	—		300		3,714		—		300		3,714		4,014		1,386		9/25/2008
	Athens, TN	—		38		1,463		—		38		1,463		1,501		1,370		10/17/1991
	Chattanooga, TN	—		143		2,309		—		143		2,309		2,452		2,297		10/17/1991
	Dickson, TN	—		90		3,541		—		90		3,541		3,631		3,254		10/17/1991
	Franklin, TN	—		47		1,130		—		47		1,130		1,177		1,130		10/17/1991

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2022
($ in thousands)
				Costs
		Initial Cost to Company(C)		Capitalized					Date
			Buildings &	Subsequent to		Buildings &		Accumulated	Acquired/
	Encumbrances(A)	Land	Improvements	Acquisition	Land	Improvements	Total(D)	Depreciation(B)	Constructed
Hendersonville, TN	—	363	3,837	—	363	3,837	4,200	3,360	10/17/1991
Johnson City, TN	—	85	1,918	—	85	1,918	2,003	1,917	10/17/1991
Lewisburg, TN (2 facilities)	—	46	994	—	46	994	1,040	994	10/17/1991
McMinnville, TN	—	73	3,618	—	73	3,618	3,691	3,235	10/17/1991
Milan, TN	—	41	1,826	—	41	1,826	1,867	1,704	10/17/1991
Pulaski, TN	—	53	3,921	—	53	3,921	3,974	3,500	10/17/1991
Lawrenceburg, TN	—	98	2,900	—	98	2,900	2,998	2,469	10/17/1991
Dunlap, TN	—	35	3,679	—	35	3,679	3,714	3,146	10/17/1991
Smithville, TN	—	35	3,816	—	35	3,816	3,851	3,358	10/18/1991
Somerville, TN	—	26	677	—	26	677	703	678	10/19/1991
Sparta, TN	—	80	1,602	—	80	1,602	1,682	1,536	10/20/1991
Austin, TX	—	606	9,895	—	606	9,895	10,501	1,966	4/1/2016
Canton, TX	—	420	12,330	—	420	12,330	12,750	3,701	4/18/2013
Corinth, TX	—	1,075	13,935	—	1,075	13,935	15,010	4,400	4/18/2013
Ennis, TX	—	986	9,025	—	986	9,025	10,011	3,099	10/31/2011
Euless, TX	—	1,241	12,629	—	1,241	12,629	13,870	2,727	4/1/2016
Fort Worth, TX	—	1,380	14,370	—	1,380	14,370	15,750	2,255	5/10/2018
Garland, TX	—	1,440	14,310	—	1,440	14,310	15,750	2,241	5/10/2018
Gladewater, TX	—	70	17,840	—	70	17,840	17,910	3,368	4/1/2016
Greenville, TX	—	1,800	13,948	—	1,800	13,948	15,748	4,544	10/31/2011
Houston, TX (3 facilities)	—	2,808	42,511	—	2,808	42,511	45,319	14,469	Various
Katy, TX	—	610	13,893	—	610	13,893	14,503	2,789	4/1/2016
Kyle, TX	—	1,096	12,279	—	1,096	12,279	13,375	4,056	6/11/2012
Marble Falls, TX	—	480	14,989	—	480	14,989	15,469	2,932	4/1/2016
McAllen, TX	—	1,175	8,259	—	1,175	8,259	9,434	1,817	4/1/2016
New Braunfels, TX	—	1,430	13,666	—	1,430	13,666	15,096	2,709	2/24/2017
San Antonio, TX (3 facilities)	—	2,370	40,054	—	2,370	40,054	42,424	10,660	Various
Waxahachie, TX	—	1,330	14,349	—	1,330	14,349	15,679	2,399	1/17/2018
Bristol, VA	—	176	2,511	—	176	2,511	2,687	2,511	10/17/1991
Oak Creek, WI	—	2,000	14,903	7,403	2,000	22,306	24,306	2,150	12/7/2018
	—	34,450	516,143	7,403	34,450	523,546	557,996	214,490

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2022
($ in thousands)
				Costs
		Initial Cost to Company(C)		Capitalized						Date
			Buildings &	Subsequent to		Buildings &			Accumulated	Acquired/
	Encumbrances(A)	Land	Improvements	Acquisition	Land	Improvements		Total(D)	Depreciation(B)	Constructed
Assisted Living Facilities
Rainbow City, AL	—	670	11,330	—	670	11,330		12,000	2,929	10/31/2013
Sacramento, CA	—	660	10,840	—	660	10,840		11,500	2,681	6/1/2014
Pueblo West, CO	—	169	7,431	—	169	7,431		7,600	761	7/23/2019
Greensboro, GA	—	672	4,849	631	672	5,480		6,152	1,560	9/15/2011
Ames, IA	3,193	360	4,670	—	360	4,670		5,030	1,252	6/28/2013
Burlington, IA	3,901	200	8,374	—	200	8,374		8,574	2,253	6/28/2013
Cedar Falls, IA	—	260	4,700	30	260	4,730		4,990	1,303	6/28/2013
Ft. Dodge, IA	4,008	100	7,208	—	100	7,208		7,308	1,899	6/28/2013
Iowa City, IA	—	297	2,725	33	297	2,758		3,055	975	6/30/2010
Marshalltown, IA	5,714	240	6,208	—	240	6,208		6,448	1,662	6/28/2013
Urbandale, IA	8,113	540	4,292	—	540	4,292		4,832	1,192	6/28/2013
Caldwell, ID	—	320	9,353	—	320	9,353		9,673	2,311	3/31/2014
Aurora, IL	—	1,195	11,713	—	1,195	11,713		12,908	2,337	5/9/2017
Bolingbrook, IL	—	1,290	14,677	—	1,290	14,677		15,967	2,370	3/16/2017
Bourbonnais, IL	7,974	170	16,594	—	170	16,594		16,764	4,314	6/28/2013
Crystal Lake, IL (2 facilities)	—	1,060	30,043	170	1,060	30,213		31,273	5,106	Various
Gurnee, IL	—	1,244	13,856	—	1,244	13,856		15,100	1,370	9/10/2019
Moline, IL	3,896	250	5,630	—	250	5,630		5,880	1,523	6/28/2013
Oswego, IL	—	390	20,957	212	390	21,169		21,559	3,701	6/1/2016
Quincy, IL	6,055	360	12,403	—	360	12,403		12,763	3,261	6/28/2013
Rockford, IL	6,412	390	12,575	—	390	12,575		12,965	3,339	6/28/2013
South Barrington, IL	—	1,610	13,456	—	1,610	13,456	—	15,066	2,218	3/16/2017
St. Charles, IL	—	820	22,188	252	820	22,440		23,260	3,961	6/1/2016
Tinley Park, IL	—	1,622	11,354	—	1,622	11,354		12,976	2,418	6/23/2016
Attica, IN	—	284	7,891	—	284	7,891		8,175	636	5/1/2020
Carmel, IN	—	463	7,055	—	463	7,055		7,518	2,167	11/12/2014
Crawfordsville, IN	—	300	3,134	—	300	3,134		3,434	849	6/28/2013
Crown Point, IN	—	574	7,336	353	574	7,689		8,263	2,268	10/30/2013
Greenwood, IN	—	791	7,020	227	791	7,247		8,038	2,239	11/7/2013
Linton, IN	—	60	6,015	—	60	6,015		6,075	486	5/1/2020
Bastrop, LA	—	325	2,456	—	325	2,456		2,781	822	4/30/2011
Bossier City, LA	—	500	3,344	—	500	3,344		3,844	1,152	4/30/2011

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2022
($ in thousands)
				Costs
		Initial Cost to Company(C)		Capitalized						Date
			Buildings &	Subsequent to		Buildings &			Accumulated	Acquired/
	Encumbrances(A)	Land	Improvements	Acquisition	Land	Improvements		Total(D)	Depreciation(B)	Constructed
Minden, LA	—	280	1,698	—	280	1,698		1,978	566	4/30/2011
West Monroe, LA	—	770	5,627	—	770	5,627		6,397	1,818	4/30/2011
Battle Creek, MI	—	398	3,093	197	398	3,290		3,688	1,280	10/19/2009
Lansing, MI	—	1,020	9,684	174	1,020	9,858		10,878	1,712	10/19/2009
Okemos, MI	—	340	8,082	—	340	8,082		8,422	2,924	11/19/2009
Shelby, MI	—	1,588	13,512	—	1,588	13,512		15,100	1,199	1/27/2020
Champlin, MN	—	980	4,475	—	980	4,475		5,455	1,553	3/10/2010
Hugo, MN	—	400	3,945	113	400	4,058		4,458	1,332	3/10/2010
Maplewood, MN	—	1,700	6,544	—	1,700	6,544		8,244	2,272	3/10/2010
North Branch, MN	—	595	3,053	—	595	3,053		3,648	1,090	3/10/2010
Mahtomedi, MN	—	515	8,825	—	515	8,825		9,340	750	12/27/2019
Charlotte, NC	—	650	17,663	2,000	650	19,663		20,313	4,055	7/1/2015
Durham, NC	—	860	7,752	—	860	7,752		8,612	989	12/15/2017
Hendersonville, NC (2 facilities)	—	3,120	12,980	—	3,120	12,980		16,100	2,272	3/16/2017
Lincoln, NE	8,418	380	10,904	—	380	10,904		11,284	2,828	6/28/2013
Omaha, NE (2 facilities)	2,455	1,110	15,437	851	1,110	16,288		17,398	3,623	Various
Lancaster, OH	—	530	20,530	—	530	20,530		21,060	4,670	7/31/2015
Middletown, OH	—	940	15,548	—	940	15,548		16,488	3,649	10/31/2014
Rocky River, OH		650	4,189	—	650	4,189		4,839	839	4/30/2018
Worthington, OH	—	—	18,869	1,476	—	20,345	—	20,345	3,286	4/30/2018
McMinnville, OR	—	390	9,183	—	390	9,183		9,573	1,702	8/31/2016
Portland, OR	—	930	25,270	—	930	25,270		26,200	3,937	8/31/2015
Erie, PA	—	1,030	15,206	921	1,030	16,127	—	17,157	1,987	4/30/2018
Reading, PA	—	1,027	11,179	—	1,027	11,179		12,206	1,201	5/31/2019
Manchester, TN	—	534	6,068	—	534	6,068		6,602	320	6/3/2021
Fredericksburg, VA	—	1,615	9,271	—	1,615	9,271		10,886	1,926	9/20/2016
Midlothian, VA	—	1,646	8,635	—	1,646	8,635		10,281	1,852	10/31/2016
Suffolk, VA	—	1,022	9,320	—	1,022	9,320		10,342	1,742	3/25/2016
Virginia Beach, VA	—	2,052	15,148	—	2,052	15,148		17,200	35	11/10/2022
Bellevue, WI	—	504	11,796	—	504	11,796		12,300	825	9/30/2020
Oshkosh, WI	—	542	12,758		542	12,758		13,300	243	4/29/2022
	60,139	46,304	637,921	7,640	46,304	645,561		691,865	125,792

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2022
($ in thousands)
				Costs
		Initial Cost to Company(C)		Capitalized						Date
			Buildings &	Subsequent to			Buildings &		Accumulated	Acquired/
	Encumbrances(A)	Land	Improvements	Acquisition	Land		Improvements	Total(D)	Depreciation(B)	Constructed
Independent Living Facilities
Vero Beach, FL	—	550	37,450	1,293	550	350	38,743	39,293	4,232	2/1/2019
Columbus, IN	—	348	6,124	—	348		6,124	6,472	635	5/31/2019
St. Charles, MO	—	344	3,181	—	344		3,181	3,525	2,723	10/17/1991
Tulsa, OK	16,510	1,980	32,620	502	1,980		33,122	35,102	4,756	12/1/2017
Chattanooga, TN	—	9	1,567	1	9		1,568	1,577	1,437	10/17/1991
Johnson City, TN	—	55	4,077	—	55		4,077	4,132	3,294	10/17/1991
Chehalis, WA	—	1,980	7,710	7,445	1,980		15,155	17,135	2,246	1/15/2016
	16,510	5,266	92,729	9,241	5,266		101,970	107,236	19,323
Senior Living Campuses
Loma Linda, CA	—	1,200	10,800	7,326	1,200		18,126	19,326	4,628	9/28/2012
Maitland, FL	—	2,317	9,161	491	2,317		9,652	11,969	6,920	8/6/1996
Michigan City, IN	—	974	22,667	—	974		22,667	23,641	2,325	5/31/2019
Portage, IN	—	661	21,959	—	661		21,959	22,620	2,257	5/31/2019
Needham, MA	—	5,500	45,157	1,451	5,500		46,608	52,108	5,756	1/15/2019
Salisbury, MD	—	1,876	44,084	471	1,876		44,555	46,431	4,751	5/31/2019
Roscommon, MI	—	44	6,005	1	44		6,006	6,050	1,357	8/31/2015
Mt. Airy, NC	—	1,370	7,470	150	1,370		7,620	8,990	1,791	12/17/2014
McMinnville, OR	—	410	26,667	—	410		26,667	27,077	4,657	8/31/2016
Silverdale, WA	—	1,750	23,860	2,167	1,750		26,027	27,777	7,367	8/16/2012
	—	16,102	217,830	12,057	16,102		229,887	245,989	41,809

	NATIONAL HEALTH INVESTORS, INC.
	SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
	December 31, 2022
	($ in thousands)
					Costs
			Initial Cost to Company(C)		Capitalized					Date
				Buildings &	Subsequent to		Buildings &		Accumulated	Acquired/
		Encumbrances(A)	Land	Improvements	Acquisition	Land	Improvements	Total(D)	Depreciation(B)	Constructed
	Entrance-Fee Communities
	Bridgeport, CT	—	4,320	23,494	5,566	4,320	29,060	33,380	5,626	6/2/2016
	North Branford, CT	—	7,724	64,430	—	7,724	64,430	72,154	11,370	11/3/2016
	Southbury, CT	—	10,320	17,143	5,880	10,320	23,023	33,343	4,115	6/2/2016
	Fernandina Beach, FL	—	1,430	63,420	1,522	1,430	64,942	66,372	14,456	12/17/2014
	St. Simons Island, GA	—	8,770	38,070	963	8,770	39,033	47,803	8,889	12/17/2014
	Winston-Salem, NC	—	8,700	73,920	507	8,700	74,427	83,127	16,548	12/17/2014
	Greenville, SC	—	5,850	90,760	—	5,850	90,760	96,610	19,876	12/17/2014
	Myrtle Beach, SC	—	3,910	82,140	542	3,910	82,682	86,592	18,534	12/17/2014
	Pawleys Island, SC	—	1,480	38,620	460	1,480	39,080	40,560	9,069	12/17/2014
	Spartanburg, SC	—	900	49,190	1,021	900	50,211	51,111	11,282	12/17/2014
	Issaquah, WA	—	4,370	130,522	—	4,370	130,522	134,892	10,931	01/31/2020
		—	57,774	671,709	16,461	57,774	688,170	745,944	130,696
	Hospitals
	Tulsa, OK	—	1,470	38,780	—	1,470	38,780	40,250	1,649	5/28/2021
		—	1,470	38,780	—	1,470	38,780	40,250	1,649
Total real estate investments properties		76,649	161,366	2,175,112	52,802	161,366	2,227,914	2,389,280	533,759
Senior Housing Operating
	Independent Living Facilities
	Fort Smith, AR	—	590	22,447	229	590	22,676	23,266	5,460	4/01/2022
	Rogers, AR	—	1,470	25,282	135	1,470	25,417	26,887	6,140	4/01/2022
	Fresno, CA	—	420	10,899	100	420	10,999	11,419	2,752	4/01/2022
	Modesto, CA	—	1,170	22,673	193	1,170	22,866	24,036	5,450	4/01/2022
	Pinole, CA	—	1,020	18,066	276	1,020	18,342	19,362	4,385	4/01/2022
	Roseville, CA	—	630	31,343	240	630	31,583	32,213	7,538	4/01/2022
	West Covina, CA	—	940	20,280	757	940	21,037	21,977	4,907	4/01/2022
	Athens, GA	—	910	31,940	243	910	32,183	33,093	7,693	4/01/2022
	Columbus, GA	—	570	8,639	264	570	8,903	9,473	2,217	4/01/2022
	Voorhees, NJ	—	670	23,710	539	670	24,249	24,919	5,692	4/01/2022
	Gahanna, OH	—	920	22,919	182	920	23,101	24,021	5,604	4/01/2022

	NATIONAL HEALTH INVESTORS, INC.
	SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
	December 31, 2022
	($ in thousands)
								Costs
				Initial Cost to Company(C)				Capitalized										Date
						Buildings &		Subsequent to				Buildings &				Accumulated		Acquired/
		Encumbrances(A)		Land		Improvements		Acquisition		Land		Improvements		Total(D)		Depreciation(B)		Constructed
	Broken Arrow, OK	—		2,660		18,477		186		2,660		18,663		21,323		4,559		4/01/2022
	Greenville, SC	—		560		16,547		383		560		16,930		17,490		4,078		4/01/2022
	Myrtle Beach, SC	—		1,310		26,229		323		1,310		26,552		27,862		6,315		4/01/2022
	Vancouver, WA	—		1,030		19,183		513		1,030		19,696		20,726		4,714		4/01/2022
Total senior housing operating properties		—		14,870		318,634		4,563		14,870		323,197		338,067		77,504
	Corporate office	—		1,291		677		583		1,291		1,260		2,551		425
		$	76,649	$	177,527	$	2,494,423	$	57,948	$	177,527	$	2,552,371	$	2,729,898	$	611,688

NOTES TO SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

(A) See the notes to the consolidated financial statements.

(B) Depreciation is calculated using estimated useful lives up to 40 years for all completed facilities.

(C) Subsequent to NHC’s transfer of the original real estate properties in 1991, we purchased from NHC $33.9 million of additions to those properties. As the additions were purchased from NHC rather than developed by us, the $33.9 million has been included as Initial Cost to Company.

(D) At December 31, 2022, the tax basis of the Company’s net real estate assets was $2.2 billion.

NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
FOR THE YEARS ENDED DECEMBER 31, 2022, 2021, AND 2020
($ in thousands)
	December 31,
	2022		2021		2020
Investment in Real Estate:
Balance at beginning of period	$	2,894,548	$	3,265,070	$	3,074,846
Additions through cash expenditures	10,993		50,346		116,724
Change in accounts payable related to investments in real estate construction	(69)		(388)		(784)
Change in other assets related to investments in real estate	200		—		348
Operating equipment received in lease termination	1,287		—		—
Additions through non-controlling interest	—		—		10,778
Real estate acquired in exchange for non-cash rental income	3,000
Real estate acquired in exchange for mortgage notes receivable	23,071		—		63,220
Sale of properties for cash	(104,691)		(276,429)		(62)
Properties classified as held for sale	(84,761)		(137,651)		—
Property reclassified as held for use	7,851
Impairment of property	(21,531)		(6,400)		—
Balance at end of period	$	2,729,898	$	2,894,548	$	3,265,070
Accumulated Depreciation:
Balance at beginning of period	$	576,668	$	597,638	$	514,453
Addition charged to costs and expenses	70,880		80,798		83,150
Amortization of right-of-use asset	36		36		—
Sale of properties	(25,643)		(70,063)		35
Properties classified as held for sale	(11,092)		(31,741)		—
Property reclassified as held for use	839		—		—
Balance at end of period	$	611,688	$	576,668	$	597,638