Welltower - McKnight's Senior Living

Welltower

McKnight’s 40 for 40: Thomas J. DeRosa

Those hoping to get a sneak peek into the future of senior living might consider studying the playbook of Toledo, OH-based Welltower. The REIT has displayed innovative thinking under Tom DeRosa, who has been CEO since 2014.

Pandemic effects ‘pronounced,’ but business drivers ‘firmly intact,’ Welltower says

The pandemic, as expected, had a “pronounced” effect on Welltower’s financial results in the second quarter, especially those results related to senior living and skilled nursing, Chairman and CEO Tom DeRosa said Thursday on the real estate investment trust’s latest earnings call. “However, what we can say with great certainty is that the long-term drivers of our business remain firmly intact,” he said.

Business briefs for Thursday, June 18

Welltower named to CR Magazine’s 100 Best Corporate Citizens of 2020 … Ventas ranked No. 1 in real estate industry in 3BL Media’s 100 Best Corporate Citizens of 2020 … Cadence Living and Dylan Investments acquire Oregon assisted living and memory care community … Evergreen lands $16M refinancing for Chicago-area affordable seniors housing community

Business briefs for Wednesday, June 17

Nearly 6 in 10 CFOs worried a new wave of COVID-19 infections will threaten business recovery: pulse survey … CareTrust REIT announces quarterly dividend of $0.25 per share … National Health Investors has collected 99.4% of rent in June … Welltower announces cash tender offer for up to $400M of its 3.950% and 3.750% notes, due 2023 … McKnight’s Senior Living Expo will focus on COVID-19 challenges … Great Bridge begins development of Massachusetts affordable senior living community

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