Sabra Health Care REIT - McKnight's Senior Living

Sabra Health Care REIT

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.

Ongoing concerns over pandemic recovery leads to NHI, Omega, Sabra downgrades from Mizuho

An analysis released Wednesday from investment banking firm Mizuho Securities USA includes a downgrade of real estate investment trust National Health Investors to “underperform” from “neutral.” The change stems from concerns around the larger senior housing operators in NHI’s portfolio, which either have tight rent coverage or already have been granted rent deferrals.

BMO Capital Markets predicts elongated seniors housing recovery, changes outlooks for REITs

Although the COVID-19 vaccines are expected to become more widely available as the first quarter continues, investment banking firm BMO Capital Markets is predicting an elongated recovery for the senior living industry, with cash flows not recovering to pre-pandemic levels until about 2025. That’s according to an analysis released Thursday by the firm.

Adrienne M. Staudenmayer headshot

People in the news, Dec. 15

Appointments, promotions and news at American Health Care Association/National Center for Assisted Living, Bowman Place at Olde Bedford, Bridges by EPOCH at Hingham, Commonwealth Senior Living, Five Star Senior Living, Frasier, GlynnDevins, HMP Senior Solutions, Inspir Carnegie Hill, Integral Senior Living, Legend Senior Living, Masonic Villages, Love & Co., McShane Construction Company, Park Springs, Sabra Health Care REIT, Waterstone at the Circle.

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