HHS to issue reporting requirements for provider relief funds
By
Amy Novotney
Jul 27, 2020
Last week the U.S. Department of Health and Human Services released a notice acknowledging that more detailed Provider Relief Fund reporting guidance and materials will be released on Aug. 17. In the short,...
Ventas to cut executive salaries, a quarter of corporate jobs
By
Amy Novotney
May 29, 2020
Chicago-based real estate investment trust Ventas will make adjustments to its corporate cost structure in response to the COVID-19 pandemic’s impact on the firm, according to a Securities & Exchange...
Regional Health Properties experiences continued occupancy decreases, increased costs due to COVID-19
By
Amy Novotney
Aug 24, 2020
Regional Health Properties reported last week that the Suwanee, GA-based real estate investment trust had collected 85% of its expected monthly rental receipts from tenants through July, adding that the...
Ventas, Sabra exceed analysts’ third-quarter expectations, but continued occupancy concerns loom
By
Amy Novotney
Nov 09, 2020
Chicago-based Ventas reported third-quarter funds from operations of 75 cents per share Friday, coming in above analysts’ expectations for the real estate investment trust but still 22% lower than a...
WNC raises $176M in LIHTC equity to develop, renovate affordable housing for seniors, others
By
Amy Novotney
Apr 21, 2021
Real estate investment firm WNC announced Tuesday that it has closed on its latest institutional tax credit fund, raising $176 million in low-income housing tax credit equity that will be used to develop...
Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing:...
By
Amy Novotney
Nov 23, 2020
As Nareit’s REITworld: 2020 Annual Conference wrapped up last week, analysts at Mizuho Securities USA say they remain positive on the skilled nursing sector given the promising vaccine news, strong government...
Ventas offering deferred rent for April; others likely to follow
By
Amy Novotney
Apr 01, 2020
Ventas announced Monday that it is offering a 25% deferred rent payment for April for its operators in triple-net leases — about 20% of its portfolio by net operating income.
Private-equity ownership leads to more resident deaths and increased spending at nursing homes, study...
By
Amy Novotney
Feb 25, 2021
An increase in resident deaths and an uptick in spending on non-patient care are just two outcomes often observed when private equity firms acquire nursing homes, according to a new working paper published...
Providers must offer COVID vaccine to new hires: new guidance
By
Amy Novotney
Apr 23, 2021
With almost half of the state’s nursing home workers not yet vaccinated against COVID-19, New York’s Department of Health has begun putting more pressure on the facilities to bridge the gap, according...
BMO Capital Markets predicts elongated seniors housing recovery, changes outlooks for REITs
By
Amy Novotney
Jan 11, 2021
Although the COVID-19 vaccines are expected to become more widely available as the first quarter continues, investment banking firm BMO Capital Markets is predicting an elongated recovery for the senior...