CareTrust REIT - McKnight's Senior Living

CareTrust REIT

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People in the news, Feb. 9

Appointments, promotions and news at Arrow Senior Living, Bridges by EPOCH, Buckner Calder Woods, CareTrust REIT, Commonwealth Senior Living, Enlivant, Griffin Living, Juniper Communities, Kisco Senior Living, Legacy Healthcare Services, Ryan Companies, Retirement Unlimited Inc., SA Digital, SmartLinx Solutions, Solinity, Sunrise Senior Living, Ventas and Wartburg.

BMO Capital Markets predicts elongated seniors housing recovery, changes outlooks for REITs

Although the COVID-19 vaccines are expected to become more widely available as the first quarter continues, investment banking firm BMO Capital Markets is predicting an elongated recovery for the senior living industry, with cash flows not recovering to pre-pandemic levels until about 2025. That’s according to an analysis released Thursday by the firm.

Business briefs for Wednesday, Dec. 2

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.

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

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.

Graphs and a pen

Concerns over skilled nursing REITs ‘overblown’: Mizuho

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.

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