LTC Properties - McKnight's Senior Living

LTC Properties

Coming together, right now

COVID-19 is challenging senior living operators in new and numerous ways. Companies are finding ways to help their peer organizations and let their workers know how much they are valued during these unprecedented times, however.

Business briefs for Monday, March 16

Fed slashes interest rate to near zero Sunday evening … Real estate conference cancellations abound amidst concerns over virus … LTC announces share repurchase plan … Stevens Construction completes renovation of Florida seniors housing community

Office phone, conference table

LTC Properties expects to ‘dig deep’ for transactions; older buildings, senior apartments of interest

For 2020, “early indications show that we will have to dig deep to find the kinds of transactions that best benefit our shareholders,” Westlake Village, CA-based LTC Properties’ Chairman, Chief Executive Officer and President Wendy Simpson said Friday. The REIT also provided updates on several operators in its portfolio, including Brookdale, Anthem, Thrive, Senior Care Centers, Fields and Senior Lifestyle.

Office phone, conference table

Earnings calls detail big plans for senior living

HCP — which announced a new name, a new ticker symbol, the promotions of several individuals and multimillion dollar deals involving Brookdale Senior Living and Capital Senior Living — wasn’t the only company operating in senior living that shared big plans last week.

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