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.
Regional Health Properties Inc. reported a loss of $3.2 million in its second quarter. That amounts to a loss of approximately 23 cents per share.
Now that Regional Health Properties has settled 25 professional and general liability lawsuits, the company can focus more on growing, Interim CEO Brent Morrison said Monday during a fourth-quarter and full-year 2017 earnings call.
Regional Health Properties named an interim CEO and interim chief financial officer after the third quarter ended and created a Strategic Finance Committee that will advise both of them as the self-managed healthcare real estate investment company addresses legacy issues and plots a course for its future.
