Welltower - McKnight's Senior Living

Welltower

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.

Loren Shook talking to a man with his back turned

‘Our communities have not closed!’ Licensing paperwork delay leads to communication headache for Silverado

“Let me assure you that our communities have not closed!” That’s the message that Loren Shook, president and CEO of Irvine-CA-based memory care provider Silverado, recently felt compelled to convey to consumers after resolution of a paperwork issue, slowed by the onset of the pandemic, led some to think that communities had closed.

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Fourth-quarter COVID-19 surge leads to continued occupancy, uncertainty for Welltower

Toledo, OH-based Welltower reported normalized funds from operations of 84 cents per share for the fourth quarter Tuesday, beating analysts expectations. Occupancy remains pressured by a decline in move-in activity, however, resulting from the continued increase in COVID-19 cases and implementation of new admissions bans across many of the firm’s geographies.

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