Two major tenants failed to pay rents in the first quarter as a result of ongoing challenges related to the COVID-19 pandemic, leading some to remain concerned about the operating metrics of Westlake Village,...
Capitol Seniors Housing opens senior living community on abandoned NY retail site
By
Amy Novotney
Dec 01, 2020
Senior living development and investment firm Capitol Seniors Housing announced the opening Monday of a new 101-unit assisted living and memory care community in Greenburgh, NY. The facility was built...
Parkinson: ‘Green shoots’ indicate occupancy is troughing, but pace of recovery still uncertain
By
Amy Novotney
Apr 08, 2021
The stocks of senior living and skilled nursing-focused real estate investment trusts have outperformed expectations since the first COVID-19 vaccine announcement last November raised hopes of a quick...
Ventas, Welltower comment on COVID-19; Genesis reports 4th-quarter loss
By
Amy Novotney
Mar 18, 2020
The CEOs of two large senior housing real estate investment trusts reassured their residents, staff and investors Tuesday that the companies are prioritizing resident and staff health and safety above...
Capital providers pass Fed’s stress test, some just barely
By
Amy Novotney
Jun 30, 2020
All 33 U.S. banks subject to the 2020 Federal Reserve stress tests met the standards to prove they would be able to retain enough capital to stay solvent through a deeper crisis, according to results released...
Fed chairman: GDP could shrink by 30% but depression unlikely
By
Amy Novotney
May 19, 2020
Although the U.S. gross domestic product could shrink upwards of 30% in the second quarter, Federal Reserve Chairman Jerome Powell told 60 Minutes Sunday that the economy will avoid a Depression-like economic...
Labor Department excludes senior living from COVID-19 relief bill’s paid leave requirement
By
Amy Novotney
Mar 29, 2020
The Department of Labor released updated questions and answers regarding the Families First Coronavirus Response Act Saturday, and provided guidance categorizing senior living providers as “health care...
More than a third of seniors will wait to get COVID-19 vaccine: survey
By
Amy Novotney
Dec 15, 2020
As COVID-19 vaccinations among high-risk populations begin this week, more than one in three seniors (36%) now say they plan to wait to get the vaccine, according to a new survey from insurance firm GoHealth....
REIT stocks finish one of their worst weeks ever
By
Amy Novotney
Mar 16, 2020
Last week marked one of the worst weeks of all time for U.S. equity real estate investment trust stocks, as the coronavirus pandemic spread and fear in the investment world intensified, according to an...
Skilled nursing operators will recover by 2022 — without federal help, says ratings agency
By
Amy Novotney
Dec 17, 2020
Although many in the senior care industry have been focusing on the recent surge in COVID-19 deaths and record low skilled nursing occupancy rates, one ratings agency says it’s banking on a full recovery...