Diversified Healthcare Trust - McKnight's Senior Living

Diversified Healthcare Trust

Jennifer Francis & Katie Potter hedshots

Five Star, Diversified Healthcare adopt ‘slow and steady’ response to pandemic

Expense pressures on the senior living industry due to the COVID-19 pandemic are expected to persist in the near term, creating operational headwinds, but a slow and steady response to the crisis will benefit business in the long term, according to Five Star Senior Living and Diversified Healthcare Trust executives during third-quarter earnings calls on Thursday.

Business briefs for Friday, Oct. 16

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

Healthcare REITs showing signs of life

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.

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.

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