Real estate investment trust LTC Properties announced Thursday that the firm is reducing its 2021 rent escalations by 50% in the form of a rent credit to provide financial support to the majority of its operating partners during the ongoing pandemic. “Our operating partners have done a tremendous job of caring for their residents and…
Regardless of how long we need to wait after Election Day until we know the results, they will have “enormous implications on everything, including long-term care,” American Health Care Association / National Center for Assisted-Living President and CEO Mark Parkinson told those listening to LTC Properties’ third-quarter earnings call on Friday.
The senior living and care industry has faced considerable challenges related to COVID-19, but operators now have better tools and a better understanding of how to manage in the pandemic, LTC Properties CEO Wendy Simpson said Friday on the real estate investment trust’s third-quarter earnings call.
Similar to real estate investment trusts Omega and Welltower, Westlake Village, CA-based LTC Properties announced a third quarter write-off in straight-line rent receivable balances as a result of going concerns filed by Genesis Healthcare. That’s according to LTC’s third-quarter earnings released Thursday.
When real estate investment trust LTC Properties approached Juniper Communities, one its operators, back in March offering support at the outset of the COVID-19 pandemic, a bright idea virtually popped into the head of Juniper founder and CEO Lynne Katzmann, Ph.D. That bright idea has won Gold in the activities category of the Senior Living track of the 2020 McKnight’s Excellence in Technology Awards.
“The future is very, very bright for women in the world,” Wendy Simpson said during an educational webinar at the McKnight’s Women of Distinction Forum last month. No doubt, her work steering LTC Properties’ ship has helped make it so.
In its second-quarter earnings call, real estate investment trust LTC Properties executives relayed the uncertainties the COVID-19 pandemic has introduced into the senior living industry, as well as color commentary from a special guest on how the industry is managing through the healthcare crisis.
Westlake VIllage, CA-based LTC Properties announced a net income of $1.8 million in the second quarter Thursday afternoon, compared with $20.4 million in the same quarter of 2019.
Everyone is invited to the 2020 McKnight’s Women of Distinction Awards and Forum, to be held Tuesday and Wednesday, respectively. There is no cost to attend either event.
Our virtual McKnight’s Women of Distinction Awards and Forum is only one week away! Anyone can attend, and there’s no admission fee, so please join us.
