Despite pandemic, Griffin Living experiencing strong demand at its active projects
By
Amy Novotney
Jan 05, 2021
Although the COVID-19 pandemic has brought devastating occupancy declines and financial challenges for many long-term care operators, privately owned senior housing real estate development firm Griffin...
Positive vaccine news has led to partial recovery for healthcare REITs, but challenges remain
By
Amy Novotney
Jan 04, 2021
As ground zero for the pandemic, 2020 was a challenging year for healthcare real estate investment trusts. In the first quarter, for example, healthcare REITs saw a 36.8% decline — much of this stemming...
Assisted and independent living hit new occupancy lows: NIC
By
Amy Novotney
Dec 18, 2020
The stabilized occupancy rate for majority assisted living properties fell again in November, dropping 0.1 percentage point to 80.6%, according to the latest intra-quarterly snapshot report from the National...
Nearly two-thirds of operators now offering rent concessions, depressing net income, NIC survey finds
By
Amy Novotney
Dec 18, 2020
Net operating income continues to face pressure from the COVID-19 pandemic, with more organizations than ever offering rent concessions, paying staff members overtime hours and using agency or temp staff...
Assisted and independent living hit new occupancy lows: NIC
By
Amy Novotney
Dec 17, 2020
The stabilized occupancy rate for majority assisted living properties fell again in November, dropping 0.1 percentage point to 80.6%.
Business briefs for Wednesday, Dec. 16
By
Amy Novotney
Dec 16, 2020
Nursing and residential care employment has fallen 7.4% since February … Welltower occupancy declines continue; 4Q COVID costs higher than expected … Industry leaders stress action on combined COVID...
‘Our industry will forever be better and stronger’ as a result of COVID-19: Invesque CEO
By
Amy Novotney
Dec 15, 2020
The senior living industry will emerge from the COVID-19 pandemic with a greater appreciation for the value of its care providers and the myriad of unique and necessary services provided in the facility...
Vaccine priority may not be enough to boost senior living occupancy: speakers
By
Amy Novotney
Dec 14, 2020
Even as the first doses of a COVID-19 vaccine are set to be administered this week, many in the senior living industry are predicting a long, dark winter ahead, with continuing occupancy and move-in rate...
Subtle signs point to start of recovery for senior living industry
By
Amy Novotney
Dec 10, 2020
One positive to the otherwise devastating effects of the COVID-19 pandemic on the senior housing industry has been that it appears to be helping to more favorable align future supply and demand fundamentals,...
Expect 3 to 4 years before senior living returns to pre-pandemic health: investors
By
Amy Novotney
Dec 10, 2020
Thanks to lockdowns, move-in restrictions and ongoing low occupancy rates, the senior living sector has been the weakest part of most of the major healthcare real estate investment trusts over the past...