Brookdale Senior Living remains the largest operator of senior living communities on an American Seniors Housing Association’s ASHA 50 list for 2020 compared with 2019, and Welltower remains the largest owner of senior living communities on a companion list. The annual rankings were released Wednesday.
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.
Senior housing average daily census rates within Irvine, CA-based Healthpeak Properties fell to 76.8% in August, dropping 0.9% compared with July, according to an investor presentation posted by the real estate investment trust Thursday. The decline was actually significantly smaller than the firm’s prediction of a 1.5% drop in August.
Argentum’s 2020 Largest Providers Report list increased by 10 this year to include data on 150 senior living providers.
Toledo, OH-based ProMedica Health System reported Friday that occupancy rates at its HCR ManorCare facilities fell to 78% in the second quarter, down from 86% a year ago. At its assisted living communities, the firm saw occupancy rates fall to 76%, from 80% in the same quarter of 2019.
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.
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
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
Toledo, OH-based Welltower closed on the sale of a $300 million portfolio of six seniors housing assets in May, according to a business update released by the real estate investment trust late Monday.
A week after the sector’s largest companies reported first-quarter earnings, several analysts have shared their views on how healthcare real estate investment trusts are faring amidst the ongoing COVID-19 pandemic, according to an S&P Global Market Intelligence article.
