CareTrust REIT

Business briefs for Wednesday, Dec. 2

December 2, 2020

PA governor vetoes bill giving senior living and care organizations limited liability protections … Americans’ feelings of financial security remains at pre-pandemic levels: survey … Older adults with dementia often miss bill payments 6 years before diagnosis: study … Nashville, TN, senior living community plans $75M expansion … CareTrust REIT extends $15M mezzanine loan to Next Healthcare for 9-property Virginia SNF acquisition … ESI arranges $9.6M sale of Pennsylvania skilled nursing facility

Healthcare professional in protective gloves & workwear holding & organising a tray of COVID-19 vaccine vials. The professional is carrying out researches on COVID-19 vaccine in laboratory.

Business Daily News

Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing: Mizuho

By

Amy Novotney

November 23, 2020

As Nareit’s REITworld: 2020 Annual Conference wrapped up last week, analysts at Mizuho Securities USA say they remain positive on the skilled nursing sector given the promising vaccine news, strong government support of the industry and an improving acquisitions outlook. And although the vaccine news also is a major positive for senior housing, analysts also worry that the recent rally in the sector’s stocks may be reflecting a far rosier recovery than likely is to occur, and that the 2021 earnings outlook may disappoint.

Business Daily News

CareTrust spends $47.6M to acquire four-property Texas long-term care portfolio

By

Amy Novotney

November 18, 2020

San Clemente, CA-based CareTrust REIT announced the acquisition Tuesday of four long-term care facilities in the Dallas-Ft. Worth area in an off-market transaction for $47.6 million.

Business Daily News

Concerns over skilled nursing REITs ‘overblown’: Mizuho

By

Amy Novotney

October 8, 2020

The qualified audits of skilled nursing operators Genesis Healthcare and Signature Healthcare have raised concern about the sector among some investors. But one investment banking firm is predicting strong third-quarter earnings for skilled nursing focused real estate investment trusts such as Omega Healthcare Investors and Sabra Health Care REIT. That’s according to an analysis in GlobeSt.com this week.

headshots of Deb Cafaro and Greg Stapley

News

Ventas, CareTrust REIT hope for COVID aid for senior living

By

Lois A. Bowers

August 10, 2020

Ventas and CareTrust REIT executives said Friday they are hopeful that senior living operators will receive assistance to battle the coronavirus in the next federal aid package.

Business Daily News

Barron’s: Skilled-nursing-focused REIT CareTrust in good shape amidst pandemic

By

Amy Novotney

June 2, 2020

With plenty of balance sheet flexibility, San Clemente, CA-based CareTrust appears ready to weather the pandemic successfully and continue growing in the near term, predict experts at Barron’s and Seeking Alpha.

Editors' Columns

Pandemic highlights value of senior living for adult children, leaders say

By

Lois A. Bowers

May 11, 2020

One of the positive effects arising from this pandemic, some industry leaders say, is a growing appreciation of senior living among people whose parents are the age of prospective residents.

News

Pandemic has distinct effects for independent living and middle-market senior living operators, REITs say

By

Kimberly Bonvissuto

Lois A. Bowers

May 11, 2020

Operators of independent living communities and operators of senior living communities targeting middle-income individuals have experienced the COVID-19 pandemic in ways that differ from other senior living and skilled nursing providers, according to executives of New Senior Investment Group and CareTrust REIT.

Business Daily News

Business briefs for Thursday, April 23

April 23, 2020

Healthpeak sells West Palm Beach, FL, senior housing facility at huge discount … Genesis Healthcare founder dies of coronavirus … NIC founder Bob Kramer launches senior advisory services firm … CareTrust REIT to hold annual meeting virtually

Business Daily News

Business briefs for Monday, March 23

March 23, 2020

CareTrust REIT announces $150 M share repurchase program … The financial markets set these seven records last week … Coronavirus leads U.S. to extend tax filing deadline to July 15 … New York senior community gets refi from Freddie Mac

Business briefs for Wednesday, Dec. 2

Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing: Mizuho

CareTrust spends $47.6M to acquire four-property Texas long-term care portfolio

Concerns over skilled nursing REITs ‘overblown’: Mizuho

Ventas, CareTrust REIT hope for COVID aid for senior living

Barron’s: Skilled-nursing-focused REIT CareTrust in good shape amidst pandemic

Pandemic highlights value of senior living for adult children, leaders say

Pandemic has distinct effects for independent living and middle-market senior living operators, REITs say

Business briefs for Thursday, April 23

Business briefs for Monday, March 23

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COVID-19 roundup: Stocks up after emergency efforts to buffer pandemic fallout; NIC economist declares recession; senior living chains provide virus updates