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Pandemic effects ‘pronounced,’ but business drivers ‘firmly intact,’ Welltower says

The pandemic, as expected, had a “pronounced” effect on Welltower’s financial results in the second quarter, especially those results related to senior living and skilled nursing, Chairman and CEO Tom DeRosa said Thursday on the real estate investment trust’s latest earnings call. “However, what we can say with great certainty is that the long-term drivers of our business remain firmly intact,” he said.

Capital Senior Living makes moves to improve financial position

Capital Senior Living plans to transfer operations and ownership of 18 senior living communities to Fannie Mae, the company announced Thursday. The move follows several steps Capital announced in May “to improve its liquidity position and address uncertainty about its ability to continue as a going concern.”
Jennifer Francis hedshot

Diversified, Five Star: COVID-19 creating ‘extremely challenging operating environment’ for senior living

The COVID-19 pandemic has increased uncertainty and disruption in both the overall economy and the commercial real estate industry and has had a “profound” effect on business, resulting in an “extremely challenging operating environment,” Diversified Healthcare Trust and Five Star Senior Living executives said Thursday on second-quarter earnings calls.
man putting money into his shirt pocket

Former CCRC VP charged with 9 felony counts of embezzlement

The former vice president of a Virginia continuing care retirement community is scheduled to appear in court Aug. 24 after being charged with nine felony counts of embezzlement for allegedly stealing approximately $60,000 from the community over four years.

Editors' Columns

Take heart in older adults’ resiliency

We’ve heard a lot lately about the loneliness and isolation that some residents — and their families — are feeling during the pandemic. These feelings are real, and there are real consequences of the separation of residents and their loved ones. Nonetheless, I took some comfort in the results of a recent study.

Guest Column

Marketplace Column

Company News

Ryan Wilson

People in the news, Aug. 4

Appointments and promotions at Angels for the Elderly, Cooper Trail Senior Living, Hudson Manor Assisted Living, Legacy Healthcare Services, Lenbrook, Ohio Living, PointClickCare, Princeton Health, Retirement Unlimited Inc., United Church Homes and Services and Wilf Campus for Senior Living.

In Focus

Van Gogh recreation

Art with a twist

Residents of American House Senior Living Communities recently took part in the Getty Museum’s Social Media Challenge to liven up their quarantine situation. Find out more, and learn how to submit your photos!