National Health Investors (NYSE: NHI) on Thursday announced $1.8 million in rent deferrals for Holiday Retirement. The deferrals relate to rent for May, June and July. The Murfreesboro, Tennessee-based health care real estate investment trust (REIT) also agreed to release $600,000 per month from Holiday’s security deposit, for the same time frame. The deposit totaled […]
National Health Investors
The Covid-19 pandemic put serious pressure on senior living providers’ bottom lines, but for continuing care retirement communities (CCRCs), those headwinds didn’t gust quite as hard. In fact, CCRCs’ resilience will be talked about for years to come, Eric Mendelsohn, CEO of National Health Investors, said in a recent SHN+ TALKS. As that conversation gets […]
National Health Investors’ (NYSE: NHI) rent deferrals and concessions continued in the first quarter of 2021 and could continue to have an effect on the company’s bottom line in the second quarter, and possibly longer. But, operators working with the Murfreesboro, Tennessee-based real estate investment trust (REIT) are seeing positive momentum on move-ins and occupancy, […]
National Health Investors’ (NYSE: NHI) deferred rent total from Bickford Senior Living continues to grow. NHI announced on Thursday it agreed to defer up to $5 million in April and May rent due from Bickford, which operates 47 communities for the Murfreesboro, Tennessee-based health care real estate investment trust (REIT). Previously, NHI deferred $5.85 million […]
Last week, Discovery Senior Living announced that Hilary Bullard — formerly VP of senior housing asset management with Healthpeak (NYSE: PEAK) — will lead the new Morada brand. Discovery is launching Morada with 16 communities recently acquired from Healthpeak. The Bullard hire and Morada’s launch are among many news items that have been generated from […]
National Health Investors (NYSE: NHI) is deferring more rent from Bickford Senior Living. Among NHI’s other largest operators, Holiday Retirement continued to see occupancy decline between January and February, but Senior Living Communities gained census for the second straight month, the Murfreesboro, Tennessee-based real estate investment trust (REIT) announced Monday. NHI agreed to defer $3 […]
The fourth quarter of 2020 brought more disruptions for National Health Investors’ (NYSE: NHI) senior housing tenants, but the company’s leaders are cautiously optimistic that better months are ahead. Recent positive trends in sales leads and vaccination rates, coupled with the prospect of more federal support for senior living providers this year, have given the […]
Earlier this month, Aegis Living and its joint venture partner, Blue Moon Capital Partners, acquired 10 assisted living and memory care communities from Healthpeak Properties (NYSE: PEAK) for about $350 million. The deal was facilitated in part by a $222 million Fannie Mae credit facility arranged by PGIM Real Estate. The 10-year interest-only loan is […]
Senior housing’s post-coronavirus recovery may take longer than some expect, with cash flows and occupancy not returning to pre-pandemic levels until 2025. That is according to a new report on the sector from BMO Capital Markets (NYSE: BMO). The Toronto-based investment bank and financial services firm, using proprietary modeling, studied historic market net absorption trends […]
Occupancy and expense pressures related to Covid-19 will continue to adversely affect senior housing investment in the coming year, and are even tempering refinancing opportunities. And the pandemic will force more smaller owners and operators to exit the sector, frustrated by the operational intensiveness of the product type, compressed net operating income (NOI) and tighter […]
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