Conflicting information imperils Provider Relief Fund application process as deadline looms: ASHA
By
Lois A. Bowers
Nov 03, 2020
As Friday’s deadline to apply for Phase 3 monies from the Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund approaches, the American Seniors Housing Association is seeking...
Omega Healthcare Investors and Maplewood Senior Living hope to open their Manhattan high-rise assisted living and memory care community “as soon as possible,” Omega Chief Corporate Development Officer...
Operators better prepared to manage next pandemic: LTC Properties CEO
By
Kimberly Bonvissuto
Nov 02, 2020
The senior living and care industry has faced considerable challenges related to COVID-19, but operators now have better tools and a better understanding of how to manage in the pandemic, LTC Properties...
LTC Properties’ FFO, revenue down due to $5.5M Genesis write-off, decreased and deferred rent from...
By
Amy Novotney
Nov 02, 2020
Similar to real estate investment trusts Omega and Welltower, Westlake Village, CA-based LTC Properties announced a third quarter write-off in straight-line rent receivable balances as a result of going...
New Welltower CEO remains committed to ‘wellness infrastructure’
By
Kimberly Bonvissuto
Oct 30, 2020
During his first earnings call as CEO of Welltower, Shankh Mitra said the Toledo, OH-based real estate investment trust’s strategy will not change.
Welltower sees continued senior housing occupancy decline; announces dividend of 61 cents per share
By
Amy Novotney
Oct 30, 2020
Despite the ongoing negative effects of the pandemic on Welltower’s financial results and seniors housing occupancy, the Toledo, OH-based real estate investment trust beat analysts expectations with...
Senior housing facing increasing wage pressures and resorting to more rent concessions: NIC
By
Amy Novotney
Oct 30, 2020
Higher staff wages for some senior housing operators likely are putting a strain on net operating income, according to data collected from the most recent Executive Survey conducted by the National Investment...
College campus CCRC learns COVID lessons
By
Lois A. Bowers
Oct 29, 2020
New continuing care retirement community The Spires at Berry College in Rome, GA, has been welcoming residents in stages since June. The setting is of “tremendous value,” even — or especially...
‘Not just a nursing home issue’: COVID a challenge in affordable senior housing: LeadingAge survey
By
Kimberly Bonvissuto
Oct 22, 2020
Close to 60% of nonprofit senior housing providers surveyed by LeadingAge reported confirmed COVID-19 cases in their communities, raising concerns about the more than 2.5 million low-income older adults...
Most affordable seniors housing providers can’t afford pandemic supplies: survey
By
Amy Novotney
Oct 22, 2020
The majority (69%) of affordable seniors housing providers say they are at least financially strained — if not severely financially strained — as a result of having to pay for personal protective equipment,...