Town’s only nursing facility converting to ALF, as national study finds ‘dangerously low’ occupancy...
By
Amy Novotney
Dec 03, 2020
Amid deteriorating finances that don’t allow for much-needed building infrastructure updates, the only skilled nursing facility in the town of Norton, MA, will be closing by early next year and will...
Sanford Health CEO to leave firm after controversial mask remarks
By
Amy Novotney
Dec 01, 2020
The longtime president and CEO of Good Samaritan parent company Sanford Health has “parted ways” with the healthy system after some dubious remarks he made about mask-wearing amid the COVID-19 pandemic.
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...
Healthpeak shifts focus from seniors housing; analysts question dividend sustainability
By
Amy Novotney
Nov 04, 2020
Irvine, CA-based Healthpeak Properties is making good on its previously indicated intentions of a potential exit of its senior housing operating portfolio and triple-net lease assets. The real estate investment...
Skilled care M&A market now one of best on record: ESI
By
Amy Novotney
Nov 04, 2020
Although the skilled nursing industry — as much of the economy — appears to be in a constant state of flux given the ongoing COVID-19 pandemic and the election, one real estate brokerage firm says...
Business briefs for Monday, Nov. 2
Nov 02, 2020
Fed lowers minimum loan amount to $100,000 for Main Street Lending Program … Most cities ill-equipped to meet the needs of older residents: report … Ziegler closes $125M in financing for CCRC owner...
Social Security will be exhausted several years earlier than expected: report
By
Amy Novotney
Oct 27, 2020
The COVID-19 pandemic and resulting recession could hasten the depletion of Social Security’s trust fund reserves by four years, to 2030, if the current downturn ends up being as severe as the Great...
Seniors housing REITs a risky investment right now: Motley Fool
By
Amy Novotney
Oct 06, 2020
The COVID-19 pandemic has turned many formerly safe investments into potentially risky ventures. These include seniors housing real estate investment trusts, according to a Motley Fool analysis.
Nonprofits cite pandemic for revenue decline
By
Amy Novotney
Sep 11, 2020
Operators’ bottom line clearly have been hit hard by the COVID-19 pandemic, but a new report by specialty investment bank Ziegler shows just how hard. The firm surveyed 230 senior living operators, largely...
Economists expect recession’s end by 2021: survey
By
Amy Novotney
Aug 26, 2020
Most economists expect the U.S. to emerge from the current economic recession later this year or early in 2021, according to a National Association for Business Economics survey. Approximately 80% of respondents,...