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...
Assisted living occupancy fell below 80 percent in January: NIC
By
Amy Novotney
Feb 16, 2021
As the effects of the pandemic continue to take a toll on long-term care, occupancy rates within majority assisted living properties fell below 80% in January, according to the latest intra-quarterly snapshot...
Lender gives reasons to be ‘bullish’ on senior housing and care
By
Kathleen Steele Gaivin
Sep 30, 2021
The senior living sector no doubt has seen pandemic-related challenges, but “the fundamentals of the business are sound,” according to Matthew Ruark, senior vice president of commercial and healthcare...
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...
All sectors but IL see highest month-over-month occupancy declines since June amid COVID surge: NIC survey
By
Amy Novotney
Dec 07, 2020
Between 42% and 54% of organizations with assisted living units, memory care units or nursing care beds reported occupancy declines over the past 30 days, according to data collected from the most recent...
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...
Brookdale making progress but has ‘a significant amount of work ahead,’ CEO says
By
Lois A. Bowers
May 09, 2018
In the first quarter and beyond, Brookdale Senior Living made progress on the turnaround strategy it announced in February, “but we have a significant amount of work ahead of us,” CEO Lucinda...
Occupancy on way to 10th consecutive quarter of growth
By
Kimberly Bonvissuto
Dec 14, 2023
Senior living occupancy is on its way to 10 consecutive quarters of positive growth, according to NIC MAP Vision’s November intra-quarterly snapshot report.
Entrance-fee CCRCs outpace rental ones in occupancy
By
Kathleen Steele Gaivin
Jun 20, 2023
Continuing care retirement / life plan communities that charge an entrance fee have fared better lately in terms of occupancy than rental communities, according to specialty investment bank Zigler.
3Q progress creates ‘strong setup’ for 2023: Welltower CEO
By
Kimberly Bonvissuto
Nov 09, 2022
Despite “flatish” earning trends, driven by headwinds including inflation, interest rates and utility expenses, Welltower CEO and Chief Investment Officer Shankh Mitra said he was pleased with the...