National Health Investors will defer $1 million in Bickford Senior Living rent for September, the real estate investment trust said Monday in a business update.
National Health Investors has closed on the sale of eight senior living communities consisting of 909 units formerly leased to Holiday Retirement for gross proceeds of $115 million, the real estate investment trust said in a business update Friday.
In a series of moves designed to strengthen the company, National Health Investors President and CEO Eric Mendelsohn said the real estate investment trust is working on optimizing its relationships with its senior housing operators. The result could be a range of outcomes from sales to lease restructuring.
“It’s been a busy 2021, and the breakneck speed won’t’ be ending anytime soon,” National Health Investors CEO and President Eric Mendelsohn said in Tuesday’s second quarter earnings call.
National Health Investors already has collected 88.4% of its contractual cash due for July, the real estate investment trust said Monday in a business update.
National Health Investors will defer $1.5 million in Bickford Senior Living rent for June and July, the real estate investment trust said last week in a business update.
The rollout of the COVID-19 vaccine has helped communities reopen and begin occupancy gains, but the road to recovery is likely to be uneven, according to National Health Investors President and CEO Eric Mendelsohn. “We expect that the path to a more normal operating environment will be uneven and is likely to be a multi-year…
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National Health Investors has agreed to defer another $3 million in rent due for March from Bickford Senior Living, the real estate investment trust announced late Monday. Deferred rents for the first quarter of 2021 related to Bickford totaled $3.75 million, and these amounts are expected to be repaid with interest.
With an “uncertain” road to recovery, National Health Investors President and CEO Eric Mendelsohn said during Tuesday’s fourth-quarter and year-end earnings call that he sees the challenges presented by the pandemic as temporary.
