LTC defers, abates about $3.7M in rent as tenant Abri Health Services/Senior Care Centers files for Chapter...
By
Amy Novotney
Apr 21, 2021
LTC Properties has granted more than $3.6 million in rent deferrals since the beginning of the year, according to a company update released Monday.
COVID-19 shouldn’t stop senior living operators from planning for the future: speakers
By
Amy Novotney
Nov 11, 2020
Shortly after the COVID-19 pandemic began, Asbury Communities President and CEO Doug Leidig knew he needed to abandon his firm’s current five-year strategic plan, which was supposed to be in place until...
Expansion will proceed, despite COVID-19 challenges
By
Amy Novotney
Jul 30, 2020
Investment Banking firm HJ Sims recently announced the successful closure of $6.6 million in financing for pre-development capital toward the pursuit of an expansion at the Raleigh, NC-based life plan...
Workers could get 12 weeks of paid leave under Biden’s newly proposed American Families Plan
By
Amy Novotney
Apr 29, 2021
Senior living and care operators soon could be required to provide workers with 12 weeks of paid family and medical leave, thanks to President Joe Biden’s newly proposed American Families Plan.
Regional Health Properties experiences continued occupancy decreases, increased costs due to COVID-19
By
Amy Novotney
Aug 24, 2020
Regional Health Properties reported last week that the Suwanee, GA-based real estate investment trust had collected 85% of its expected monthly rental receipts from tenants through July, adding that the...
Pandemic deal-making has led to out-of-the-box financing strategies, investment group says
By
Amy Novotney
Feb 01, 2021
Closing transactions amid the COVID-19 pandemic has required some innovative financing strategies to create operational cash flow for senior living and care organizations, according to a white paper released...
Banks preparing for flood of small-business loan forgiveness applications as lawmakers delay passing...
By
Amy Novotney
May 26, 2020
Companies that received funding under the Paycheck Protection Program in early April can begin to submit forgiveness applications this week, even as lawmakers consider program modifications.
Long-term care operators can’t compete with service industry wages: speakers
By
Amy Novotney
Oct 20, 2020
The perception that nursing home work is dangerous due to the ongoing COVID-19 pandemic, coupled with persistently low wages, has made it more difficult than ever to hire caregivers within New Hampshire’s...
Welltower’s senior housing occupancy drops to 75.3%
By
Amy Novotney
Jan 20, 2021
Welltower’s total senior housing operating portfolio occupancy declined approximately 220 basis points during the fourth quarter, falling from 78.4% to 76.2%, according to a business update released...
COVID-19 roundup: Dow posts record point gain as Congress nears economic stabilization plan; Healthpeak...
By
Amy Novotney
Mar 25, 2020
U.S. stocks closed ahead on Tuesday, buoyed by optimism about the government’s response to the coronavirus crisis and reports of a potential Senate vote Wednesday on the stimulus bill.