Senior Housing Properties Trust - McKnight's Senior Living

Senior Housing Properties Trust

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SNH: Five Star initiatives will address CCRC challenges

Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs “heavily influenced” a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT’s president and CEO, David Hegarty. Five Star is addressing the challenges in two ways, he added.

Five Star CEO Bruce Mackey

Five Star to sell 6 communities but keep managing them

Five Star Senior Living will sell six senior living communities to Senior Housing Properties Trust for $104 million, Five Star President and CEO Bruce Mackey told those participating in a Thursday third-quarter earnings call. But the company will continue to manage them.

Five Star CEO Bruce Mackey

Ancillaries, initiatives help offset occupancy challenges at Five Star

Ancillary services and initiatives that generate income and resident satisfaction, as well as capital improvements and expansions at communities, are helping to offset decreases in occupancy and revenues at Five Star Senior Living in the face of senior living community oversupply, executives said Thursday in a third-quarter earnings call.

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