Senior living occupancy could be cut in half next year: BMO
Occupancy at senior living communities potentially could fall by half in the next year if move-ins come to a halt as a result of the coronavirus pandemic, according to BMO Capital Markets.
Welltower
Welltower, Diversified Healthcare Trust takes steps to address financial impact of COVID-19 pandemic
Toledo, OH-based real estate investment trust Welltower announced several steps late Wednesday that the firm has taken in recent weeks to strengthen its balance sheet and enhance its liquidity profile.
Senate leader promises coronavirus relief this week as U.S. cases, deaths increase and senior living companies struggle
As coronavirus disease 2019 (COVID-19) spreads in the U.S. and senior living companies face increasing challenges, the Senate on Tuesday did not vote on a relief bill passed by the House. Senate Majority Leader Mitch McConnell (R-KY), however, promised action this week.
Ventas, Welltower comment on COVID-19; Genesis reports 4th-quarter loss
The CEOs of two large senior housing real estate investment trusts reassured their residents, staff and investors Tuesday that the companies are prioritizing resident and staff health and safety above all else amidst the coronavirus pandemic.
Capital Senior Living to terminate master leases with Ventas, Welltower
Dallas-based Capital Senior Living has reached agreements to terminate its master leases with real estate investment trusts Ventas and Welltower, the operator announced Monday.
Partnerships critical to serving middle-income older adults, NIC speakers say
Panelists discussed how to cost-effectively deliver healthcare to middle-income older adults in senior housing on Thursday at the NIC Spring Conference.
LTC Properties expects to ‘dig deep’ for transactions; older buildings, senior apartments of interest
For 2020, “early indications show that we will have to dig deep to find the kinds of transactions that best benefit our shareholders,” Westlake Village, CA-based LTC Properties’ Chairman, Chief Executive Officer and President Wendy Simpson said Friday. The REIT also provided updates on several operators in its portfolio, including Brookdale, Anthem, Thrive, Senior Care Centers, Fields and Senior Lifestyle.
Welltower launches middle-market 55-plus brand, welltowerLiving
Toledo, OH-based real estate investment trust Welltower unveiled a brand extension Wednesday to serve middle-income adults aged 55 or more years.
Welltower selling ‘prominent’ West Coast senior living portfolio for $740 million
Welltower is selling “a prominent seniors housing operating portfolio” for more than $740 million, the Toledo, OH-based real estate investment trust announced in connection with its fourth-quarter 2019 earnings call on Thursday.
Atria, Related, Spitzer and Welltower announce New York City senior living high-rise
A joint venture between Atria Senior Living and real estate firm Related Companies, with developer Spitzer Enterprises and real estate investment trust Welltower, on Thursday closed on a partnership that will bring another high-rise senior living property to New York City.
