Proposed merger ‘best opportunity’ for DHC to handle debt, Francis says
By
Kathleen Steele Gaivin
Aug 03, 2023
Diversified Healthcare Trust’s proposed merger with Office Properties Income Trust is expected to close after shareholders vote Aug. 30, the real estate investment trust’s president, CEO and managing...
Merger with OPI still ‘best path’ for DHC, top exec says
By
Kathleen Steele Gaivin
Jul 28, 2023
A proposed merger with Office Properties Income Trust is the “best path for long-term value preservation” for Newton, MA-based Diversified Healthcare Trust, DHC’s President and CEO Jennifer Francis...
Remote, hybrid work schedules hurting long-term care recovery, experts say
By
Kathleen Steele Gaivin
Jul 17, 2023
The move toward remote and hybrid work during the pandemic is hurting the long-term care industry and continues to slow recovery, the Wall Street Journal reported.
Business briefs, July 10
Jul 10, 2023
Senior housing construction level lowest since 2014 … Federal quality measures could burden assisted living providers, industry advocates say … Postponed EEO-1 reports deadline may irritate employers...
DHC, OPI merger ‘best alternative’ to resolving maturing debt, CEO says
By
Kathleen Steele Gaivin
Jun 27, 2023
Diversified Healthcare Trust has not been in compliance with its debt incurrence covenant for more than two years, the Newton, MA-based real estate investment trust disclosed Monday.
SNF valuations high despite headwinds, expert says
By
Kathleen Steele Gaivin
May 25, 2023
Despite “a tumultuous couple of years,” skilled nursing valuations are high, and acceleration is expected, Evans Senior Investments Director Kris Lowes said Wednesday.
Loans for new construction bounced back in 4th quarter: NIC
By
Kathleen Steele Gaivin
May 12, 2023
After a sharp decline in the issuance of mini-perm/bridge debt for senior living in the third quarter of 2022 , senior living loans bounced back in the fourth quarter to levels seen earlier in the year,...
Aveanna Healthcare, CareTrust REIT, Invesque and Sonida Senior Living reported first-quarter results on Thursday.
NHI’s real estate investments exceed expectations in first quarter, CEO says
By
Kathleen Steele Gaivin
May 11, 2023
First-quarter results related to core real estate investments were above expectations, “driven by strong collections, no unscheduled rent concessions, deferral repayments and new investments,” National...