Barron’s: Skilled-nursing-focused REIT CareTrust in good shape amidst pandemic
By
Amy Novotney
Jun 02, 2020
With plenty of balance sheet flexibility, San Clemente, CA-based CareTrust appears ready to weather the pandemic successfully and continue growing in the near term, predict experts at Barron’s and Seeking...
Pace of move-ins appears to be improving: NIC
By
Amy Novotney
Jun 01, 2020
A growing number of operators across all care segments now are reporting an increase in move-ins, according to data from the most recent Executive Survey results from the National Investment Center for...
Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg...
Belmont Senior Living president: Operating costs triple when facility has a positive case of COVID-19
By
Amy Novotney
May 22, 2020
A positive case of COVID-19 can more than triple a senior living operator’s equipment costs to prevent the virus’ spread, according to Belmont Village Senior Living President Mercedes Kerr. Kerr joined...
Business briefs for Wednesday, May 20
May 20, 2020
Seniors housing occupancy decreased by 1.1 percentage point, to 88.7%, and SNF occupancy was down 2.2 percentage points to 84.7% in April, according to NIC’s MAP Data Service … New legislation aims...
Scenario planning is a powerful financial tool for senior living operators: Mace
By
Amy Novotney
May 19, 2020
The end of the coronavirus continues to be difficult to predict, but in the meantime, operators, investors and lenders can take contingency planning steps to address the myriad paths that may unfold, advises...
Analysts mull recovery prospects for seniors housing REITs
By
Amy Novotney
May 18, 2020
A week after the sector’s largest companies reported first-quarter earnings, several analysts have shared their views on how healthcare real estate investment trusts are faring amidst the ongoing COVID-19...
Occupancy trends mixed across long-term care settings: NIC survey
By
Amy Novotney
May 15, 2020
One in five operators saw an uptick in skilled care occupancy levels last week, according to responses provided by owners and executives at 100 seniors housing and skilled nursing operators nationwide....
Invesque announced several moves Wednesday to preserve cash and strengthen the company’s balance sheet. These included the suspension of its dividend for common shareholders, executive compensation and...
Coronavirus forcing investors to realize seniors housing is not just a real estate play
By
Amy Novotney
May 14, 2020
After years spent viewing seniors housing as a potential cash cow given the graying of the baby boomer generation, the coronavirus pandemic is forcing investors in the sector to recognize that they are...