Ventas - McKnight's Senior Living

Ventas

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.

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Ventas, Welltower CEOs ‘cautiously optimistic’ about senior housing recovery timeline; Brookdale occupancy falls again

With COVID-19 cases down to just two per day in recent weeks within a portfolio serving 40,000 residents, and a 100% resident vaccination rate expected by the end of the month, Ventas Chairman and CEO Debra Cafaro said Tuesday that she’s feeling “cautiously optimistic” that the firm’s operators will see improvements in occupancy even earlier than predicted on its fourth-quarter and year-end 2020 earnings call three weeks ago.

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People in the news, Feb. 9

Appointments, promotions and news at Arrow Senior Living, Bridges by EPOCH, Buckner Calder Woods, CareTrust REIT, Commonwealth Senior Living, Enlivant, Griffin Living, Juniper Communities, Kisco Senior Living, Legacy Healthcare Services, Ryan Companies, Retirement Unlimited Inc., SA Digital, SmartLinx Solutions, Solinity, Sunrise Senior Living, Ventas and Wartburg.

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

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.

Healthcare professional in protective gloves & workwear holding & organising a tray of COVID-19 vaccine vials. The professional is carrying out researches on COVID-19 vaccine in laboratory.

Vaccine news boosts analysts’ views on skilled nursing; concerns remain around future of seniors housing: Mizuho

As Nareit’s REITworld: 2020 Annual Conference wrapped up last week, analysts at Mizuho Securities USA say they remain positive on the skilled nursing sector given the promising vaccine news, strong government support of the industry and an improving acquisitions outlook. And although the vaccine news also is a major positive for senior housing, analysts also worry that the recent rally in the sector’s stocks may be reflecting a far rosier recovery than likely is to occur, and that the 2021 earnings outlook may disappoint.

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