National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of Default.
NHI notified NHC on July 29 that it was not in compliance with four non-monetary provisions of the master lease and requested it come into compliance by August 29. On August 15, the tenant responded to the landlord stating it believes it was in compliance and requests clarifying information to address alleged potential non-compliance.
On September 8, NHI formally alerted NHC that it was in default and the cure period was commencing. That same letter also provided some clarification on the four violated provisions. NHC is standing firm that the alleged non-monetary issues do not constitute a default and will continue reviewing the allegations while communicating with NHI. It has not been disclosed which non-monetary provisions of the master lease NHC has allegedly violated.
