Assisted living and skilled nursing facilities are reporting an increase in the pace of move-ins over the past 30 days, according to data collected from the most recent Executive Survey conducted by the National Investment Center for Seniors Housing & Care. In fact, results show that move-ins have risen to their highest levels since the survey began in March (43% and 46%, respectively).
Senior housing investing continues to offer intriguing opportunities in the real estate market, but it is not without its short-term challenges. That’s according to the Emerging Trends in Real Estate report released last week from PricewaterhouseCoopers and the Urban Land Institute.
Missouri construction firm installing building upgrades to help prevent virus spread in senior living … Ohio nursing home owner to plead guilty to $59M bank fraud scheme … Seniors saw their housing wealth grow by 1.8% in the second quarter to a record $7.7 trillion … COVID-19 emergency sick leave helped reduce U.S. COVID-19 cases: study … Older workers key to post-COVID recovery: report
Despite news Thursday that senior housing occupancy rates hit an all-time low in the third-quarter, overall inquiries into senior living appear to be recovering from their pandemic lows. That’s according to a report released Thursday from Denver-based Enquire. The firm found that September inquiries into senior living were down only 9% from a year ago. In April, inquiries had dropped 41% compared with a year ago.
Compared with 2018, fewer Americans now think individuals and families should be responsible for paying for their aging loved ones’ care. Instead, more believe that health insurance companies and Medicare should take responsibility for the costs. That’s according to a new study from The Associated Press-NORC Center for Public Affairs Research.
Diversified Healthcare Trust declares third-quarter dividend of 1 cent per share … Sims helps secure $38M in financing for Presbyterian Villages of Michigan’s independent living expansion … Strawberry Fields REIT acquires Illinois SNF for $4M … Ohio group opens two new assisted living communities … Vitality Living expands into Mississippi with 117-unit senior living community … Consider these top 25 Best Places to Live and Best Places to Retire lists when evaluating where to locate your next senior living community
Citing a worsening pandemic, the American Health Care Association / National Center for Assisted Living warned again Wednesday that widespread financial challenges loom over many long-term care facilities.
Healthcare real estate investment trusts, many of which have been heavily affected by the coronavirus pandemic, have shown signs of life over the past quarter in terms of stabilizing fundamentals. That’s according to an analysis Tuesday by Seeking Alpha.
Pandemic-driven workplace measures, including remote work and social distancing, appear to be barriers to productivity. That’s according to the results of a quarterly pulse survey of 150 C-level executives conducted by consulting firm West Monroe.
New York luxury seniors housing properties could be difficult to lease amid pandemic, some experts say … Most Americans have inadequate savings for retirement: survey … Senior Living Investment Brokerage arrange sale of California and Georgia senior living communities … Brightview opens 96-unit seniors housing community in Maryland … Blueprint brokers sale of three-property Texas seniors housing portfolio
Publicly announced acquisitions in the senior housing and care fell to a new low in the third quarter, according to a report.
Providence, a major nonprofit healthcare system, is consolidating many of its technology investments and service companies under the single Tegria brand.
Atrium Health and Wake Forest Baptist Health have merged.
Evans Senior Investments arranges sale of Class A seniors housing campus in Wisconsin … Oakmont Senior Living opens new assisted living community outside of Los Angeles … CPF Living Communities acquires senior housing community in Englewood, FL … Marcus Investments acquires Wisconsin senior living campus, partners with Health Dimensions Group for management
Providers who participated in the Medicare Accelerated and Advanced Payment Program for COVID-19 emergency will now have another year to pay back the loan thanks to Congress.
Despite some experts indicating that the outlook for the U.S. economy is more favorable for the rest of 2020, less than one in four lenders expect their loan portfolios to improve from a risk rating perspective. That’s according to results from the third quarter Phoenix Management Lending Climate in America survey.
Rockport arranges $81.8M refinancing loan for Boston senior housing community … Fairstead buys South Florida affordable senior housing property for $18M; plans $12M renovation … Boulder, CO, senior housing complex to undergo $19M renovation … Hunt Midwest and McWhinney to build new senior Living community in northern Colorado … Mather announces that first phase of Virginia life plan community is 70% pre-sold
Just over a third (37%) of senior living operators say they believe the pandemic will negatively affect their finances for the entirety of 2021, specialty investment bank Ziegler found in its latest CFO Hotline survey on the effects of COVID-19.
COVID-19 relief standstill could spell doom for long-term care facilities … Nearly half of economists don’t see U.S. recovering lost jobs until 2023 … Omega announces pricing of $700M in senior notes offering … Ziegler closes $47.9M in Series 2020AB bond financing for Michigan senior living community
Following the announcement earlier this week that Thomas DeRosa is stepping down as Welltower’s CEO, several analysts noted that although the timing of the announcement was unexpected, the choice for his replacement, Shankh Mitra, was not.