Welltower sees continued senior housing occupancy decline; announces dividend of 61 cents per share
By
Amy Novotney
Oct 30, 2020
Despite the ongoing negative effects of the pandemic on Welltower’s financial results and seniors housing occupancy, the Toledo, OH-based real estate investment trust beat analysts expectations with...
Senior housing facing increasing wage pressures and resorting to more rent concessions: NIC
By
Amy Novotney
Oct 30, 2020
Higher staff wages for some senior housing operators likely are putting a strain on net operating income, according to data collected from the most recent Executive Survey conducted by the National Investment...
College campus CCRC learns COVID lessons
By
Lois A. Bowers
Oct 29, 2020
New continuing care retirement community The Spires at Berry College in Rome, GA, has been welcoming residents in stages since June. The setting is of “tremendous value,” even — or especially...
‘Not just a nursing home issue’: COVID a challenge in affordable senior housing: LeadingAge survey
By
Kimberly Bonvissuto
Oct 22, 2020
Close to 60% of nonprofit senior housing providers surveyed by LeadingAge reported confirmed COVID-19 cases in their communities, raising concerns about the more than 2.5 million low-income older adults...
Most affordable seniors housing providers can’t afford pandemic supplies: survey
By
Amy Novotney
Oct 22, 2020
The majority (69%) of affordable seniors housing providers say they are at least financially strained — if not severely financially strained — as a result of having to pay for personal protective equipment,...
30 percent of COVID deaths in long-term care have occurred in assisted living: study
By
Kimberly Bonvissuto
Oct 19, 2020
Thirty percent of long-term care-related deaths from COVID-19 in the United States have occurred in assisted living communities and other care homes, whereas 70% have taken place in nursing homes, according...
Long-term care likely to face uneven recovery: report
By
Amy Novotney
Oct 19, 2020
The effects of the COVID-19 pandemic have been uneven across markets and care/service segments within long-term care, which will lead to an uneven recovery for the industry over the coming years. That’s...
Despite record-setting occupancy drop, pandemic could offer ‘silver lining’ for senior living, NIC...
By
Lois A. Bowers
Oct 16, 2020
Independent living and assisted living communities saw their largest occupancy drops on record in the third quarter of 2020, according to data released Thursday by the National Investment Center for Seniors...
‘No time to be afraid’: Providers recall early months of pandemic, resilience of sector
By
Danielle Brown
Oct 09, 2020
The resilience, work ethic and sacrifice made by providers and staff during the current public health crisis were honored by the American Health Care Association/National Center for Assisted Living on...
SBA clarifies how to handle outstanding PPP loans amidst mergers and acquisitions
By
Amy Novotney
Oct 09, 2020
As merger and acquisition activity continues to pick up within senior housing after a significant drop-off during the COVID-19 pandemic’s earliest days, some buyers and sellers have been struggling with...