House and Senate pass PPP modification bill … MedCore Partners and The National Realty Group break ground on Oklahoma senior living community … Best Personal Care sells Houston assisted living facility...
Healthpeak, Ventas receive nearly all of April and May rent from seniors housing operators
By
Amy Novotney
Jun 04, 2020
Chicago-based Ventas received substantially all April and May rents from its triple-net senior housing tenants, according to an investor presentation given by the real estate investment trust this week...
Treasury Department requires employers seeking small-business loan forgiveness to disclose job offer...
By
Amy Novotney
Jun 03, 2020
The Treasury Department has issued an interim final rule stating that borrowers using the Paycheck Protection Program who rehire employees and/or restore salary or wage levels by June 30 will still be...
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...
Bondholders for Illinois CCRC file Chapter 11 plan of reorganization, suggest change to resident agreements
By
Amy Novotney
May 20, 2020
Bondholders Lapis Advisers LP and Amundi Pioneer Asset Management have filed a Chapter 11 plan of reorganization and disclosure statement for Bartlett, IL-based continuing care retirement community Clare...
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...
Life plan communities face uncertainty as pandemic continues
By
Amy Novotney
May 14, 2020
Most Fitch-rated continuing care retirement / life plan communities have longer operational histories and stronger financial profiles than their unrated peers, putting them in a better position to manage...
Business briefs for Friday, May 1
By
Amy Novotney
May 01, 2020
Healthpeak announces quarterly dividend of $0.37 per share … Bloomberg: Here’s what small businesses need to know to get relief during COVID-19 … NIC publishes COVID-19 Reach Tracker to help give...
Department of Labor announces virus-related liability protections in light of executive order
By
Amy Novotney
Apr 29, 2020
In a move that may provide leverage in the battle for legal immunity for long-term care providers, the Department of Labor released a statement Tuesday providing some liability protections for meat industry...