Regional Health Properties - McKnight's Senior Living

Regional Health Properties

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Regional Health Properties experiences continued occupancy decreases, increased costs due to COVID-19

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.

Business briefs for Friday, June 12

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

Business briefs for Monday, April 6

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 warns of potential stock exchange delisting, ‘going concern’ decision

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.”

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