Merrill Gardens, NHI Acquire Six-Property Independent Living ...

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REBusinessOnline Search Friday, January 30, 2026 Read the Digital Magazines Subscribe to the Magazines REBusinessOnline Subscribe REBusinessOnline Search REBusinessOnline Search Truewood-Merrill-West-Covina-CA.jpg Located in West Covina, Calif., Truewood by Merrill features 110 units.AcquisitionsCaliforniaMultifamilySeniors HousingWashingtonWesternMerrill Gardens, NHI Acquire Six-Property Independent Living Portfolio in California, Washington by Amy Works April 19, 2022 April 19, 2022

CALIFORNIA AND WASHINGTON — A joint venture between owner-operator Merrill Gardens and publicly traded REIT National Health Investors (NYSE: NHI) has acquired six independent living communities located on the Pacific Coast.

The communities were formerly managed by Holiday Retirement, and more recently, Atria Senior Living. The price and seller were not disclosed.

The communities will be rebranded as part of the Truewood by Merrill brand. The properties include:

  • Truewood by Merrill, Fig Garden; Fresno, Calif.; 103 units
  • Truewood by Merrill, Modesto; Modesto, Calif.; 120 units
  • Truewood by Merrill, Pinole; Pinole, Calif.; 98 units
  • Truewood by Merrill, Roseville; Roseville, Calif.; 117 units
  • Truewood by Merrill, West Covina; West Covina, Calif.; 110 units
  • Truewood by Merrill, Vancouver; Vancouver, Wash.; 103 units

NHI was already the owner of the communities and leased them to third-party operators. The acquisition brings in Merrill Gardens as the new operator under a joint-venture structure rather than a lease.

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