Sabra Health Care REIT - McKnight's Senior Living

Sabra Health Care REIT

Business briefs, July 21

Wesley Enhanced Living announces COVID-19 vaccine requirement for employees at its six Philadelphia-area properties … New York lawmaker proposes frailty index to evaluate nursing homes … 21 PA nursing homes face one-day strike from unionized nurses … Dow falls more than 930 points due to Delta variant fears … Sabra announces the passing of founding board member, Milt Walters

Sabra ‘in all likelihood’ will exit Enlivant portfolio, Matros says, as REITs take varied approaches to senior living investments

Sabra Health Care REIT has yet to reach a decision about its joint venture with private equity firm TPG Real Estate, through which it has a 49% stake in a portfolio of dozens of Enlivant senior living communities, CEO Rick Matros said yesterday at Nareit’s REITweek 2021 Investor Conference. “In all likelihood,” however, he said, “our preference is going to be to exit the portfolio. The pandemic changed everything.”

Enlivant move-ins approach historical peak, Holiday sees ‘significant’ increase, Sabra says

Gross move-ins at Enlivant senior living communities in Sabra Health Care REIT’s portfolio hit their highest levels in 18 months in March, according to the Irvine, CA-based real estate investment trust. On a Thursday earnings call, executives also discussed a $1.5 billion investment pipeline, federal funding for senior living, and when occupancy will return to pre-pandemic levels.

Contemplated senior woman sitting on wheelchair. Elderly disabled female is looking through window.

FY 2022 SNF reimbursement proposal could weaken rent coverage for skilled nursing REITS: Mizuho

Last week, the Center for Medicare & Medicaid Services released its 2022 fiscal year reimbursement proposal for skilled nursing facilities that includes a 1.3% boost to Medicare payments. The overall $444 million increase is substantially lower than the $750 million awarded for the 2021 fiscal year, noted an industry update analysis Monday from Mizuho Securities USA.

Parkinson: ‘Green shoots’ indicate occupancy is troughing, but pace of recovery still uncertain

The stocks of senior living and skilled nursing-focused real estate investment trusts have outperformed expectations since the first COVID-19 vaccine announcement last November raised hopes of a quick recovery. Yet despite the tremendous drop in COVID-19 cases at these facilities post vaccine rollout, challenges within both sectors still remain, Mark Parkinson, CEO of the American Healthcare Association and the National Center for Assisted Living said Tuesday during a keynote address to attendees of Mizuho’s second annual Healthcare REIT Summit.

As Enlivant recovers from pandemic, Sabra to decide whether to exit portfolio, CEO says

Sabra Health Care REIT will make a decision about its joint venture with TPG Real Estate, through which it has a 49% stake in a portfolio of dozens of Enlivant senior living communities, later this year, Sabra Chairman, President and CEO Rick Matros said Tuesday during the Irvine, CA-based real estate investment trust’s fourth-quarter and full-year 2020 earnings call. Enlivant had a “challenging” fourth quarter due to the pandemic.

Business briefs for Tuesday, Feb. 2

LeadingAge urges Treasury to consider older adults in $25 billion rent relief program … Fitch revises rating outlook for Sabra to stable from negative and affirms the ratings for Sabra’s debt as ‘BBB-‘ … Ventas closes new four-year $2.75 billion unsecured credit facility … Fund SNFs at rate commensurate to oversight regulations in place, exec says … Economy will return to pre-pandemic level by mid-year: CBO … More older adults staying on job now than at beginning of pandemic, thanks to improved work-from-home options: report

Saunya Moore headshot

People in the news, Jan. 19

Appointments, promotions and news at the American Association of Service Coordinators, Amsterdam at Harborside, Capital Senior Living, Consolidated Contracting, Edgemere, Enquire, EPOCH Senior Living, G5, Integral Senior Living, Montereau, National Church Residences, OneDay, Sabra Health Care REIT, Sentrics and WesleyLife.

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