Despite some headwinds from COVID-19, executives at Regional Health Properties feel hopeful about the nation’s vaccine efforts and occupancy recovery in the second half of the year, according to the firm’s fourth-quarter and year-end 2020 earnings results, released after the market closed on Thursday.
Although Suwanee, GA-based Regional Health Properties has received approximately 83% of its expected monthly rent from tenants since the beginning of the year, the real estate investment trust continues to face uncertainties around COVID-19’s ongoing impact. The REIT’s comments came in its third-quarter earnings release Monday.
Appointments, promotions, departures and awards at Arbors of Hop Brook, Bishop Gadsden Episocpal Retirement Communities, Blake Management Group, Caledonia Senior Living & Memory Care, Carely, Christian Living Communities, Covenant Living Communities & Services, The Goodman Group, Health Dimension Group, Life Care Centers of America, Meridian Senior Living, The McShane Companies, OdessaConnect, Orchards Health Center, Regional Health Properties, Retirement Unlimited Inc., SmartLinx Solutions, Solvere Living, Timber Ridge at Talus, United Methodist Communities, WesleyLife and more.
Regional Health Properties reported last week that the Suwanee, GA-based real estate investment trust had collected 85% of its expected monthly rental receipts from tenants through July, adding that the firm is facing many uncertainties amid the occupancy decreases and increased costs from the COVID-19 pandemic. The REIT’s comments came in its second quarter earnings release Thursday.
Suwanee, GA-based Regional Health Properties said the real estate investment trust has received most of its rental receipts from tenants through June but faces a number of uncertainties as it considers the potential impact of COVID-19 on its business. The REIT’s comments came in its first quarter earnings release Tuesday.
New assisted living and memory care facility under construction in Chicago suburb … BridgeForth Capital obtains $19.8M in financing for South Carolina assisted living and memory care community … Oppidan, Ebenezer open Minnesota luxury seniors housing community … Lakeview Methodist begins construction of $24M Minnesota SNF … Cushman & Wakefield arrange sale of Tampa independent senior living community
Regional Health Properties revenue down nearly 9% in 2019, according to year-end earnings report … Resort Lifestyle Communities opens Arkansas senior living community … Senwell facilitates two skilled nursing license sales … Dwight Capital closes two senior care refinances
Regional Health Properties on Tuesday said it had addressed some issues that “created substantial doubt regarding the company’s ability to continue as a going concern.”
Regional Health Properties announced Monday that it faces potential delisting from stock exchange NYSE American for not filing its 2018 annual report with the Securities and Exchange Commission by the April 16 deadline. The delay, according to the company, is related to a forbearance agreement that “will impact the Company’s conclusion with respect to its ability to continue as a going concern.”
Regional Health Properties is at risk of being delisted from a stock exchange again but plans to take steps to regain compliance, the company shared in a Friday filing with the Securities and Exchange Commission.
