Coronavirus-related costs could be $10B to $20B for senior living; industry deserves bailout, groups...
By
Lois A. Bowers
Mar 24, 2020
COVID-19-related costs could approach $10 billion to $20 billion for the senior living industry, so lawmakers should not forget such companies as they negotiate a bill potentially topping $2 trillion in...
COVID-19 roundup: Stocks up after emergency efforts to buffer pandemic fallout; NIC economist declares...
By
Amy Novotney
Mar 20, 2020
U.S. stocks closed higher Thursday after central banks around the world rolled out several emergency measures designed to lessen the economic fallout stemming from the coronavirus pandemic. Between Wednesday...
Coronavirus has senior housing industry reeling
By
Amy Novotney
Mar 19, 2020
Concerns over additional virus contagion and occupancy declines in seniors housing are taking a toll on industry stock prices, the Wall Street Journal reports.
Bankers keeping close eye on senior living industry amid virus concerns
By
Amy Novotney
Mar 20, 2020
The increasing number of COVID-19 outbreaks at nursing homes and retirement communities across the nation has lenders worried about the financial health of these facilities, according to an article in...
Coronavirus bill provisions would ‘decimate’ senior living workforce, organizations say
By
Lois A. Bowers
Mar 17, 2020
Provisions in a multi-billion dollar bill to provide coronavirus-related relief to workers would “significantly curtail our caregiver workforce” and must be addressed, Argentum President and CEO James...
Economists predict recession as a result of COVID-19; virus putting senior housing to the test
By
Amy Novotney
Mar 13, 2020
The coronavirus will cause U.S. economic contraction in the second quarter, leading to a greater chance for recession, according to more than 60 economists polled by The Wall Street Journal. The poll also...
CareTrust REIT: Fewer ‘meaningful opportunities’ in senior housing
By
Lois A. Bowers
Feb 24, 2020
“There are plenty of assisted living and memory care deals out there right now, but most don’t fit with our or our operators’ objectives. So meaningful opportunities for us in that asset class...
Ventas announces multipronged plan to ‘realize upside in senior housing’
By
Lois A. Bowers
Feb 21, 2020
Chicago-based real estate investment trust Ventas is counting on $600 million in senior living community sales, increased capital expenditures, a new executive vice president, changes for the executive...
NHI CEO: ‘Not out of the woods’ with senior housing
By
Lois A. Bowers
Feb 21, 2020
National Health Investors is “in much better shape as we enter 2020” compared with 2019, which the Murfreesboro, TN-based real estate investment trust started “in a much more defensive posture than...
Welltower selling ‘prominent’ West Coast senior living portfolio for $740 million
By
Lois A. Bowers
Feb 14, 2020
Welltower is selling “a prominent seniors housing operating portfolio” for more than $740 million, the Toledo, OH-based real estate investment trust announced in connection with its fourth-quarter...