A surge of Covid-19 cases in locations across the United States is putting pressure on senior living providers that are eager to pivot to a “next normal” after months of strict protocols. Nearly four months after the virus spread quickly across the country, confirmed Covid-19 cases are rising in 40 states, and new hotspots have […]
Federal Reserve’s bond-buying program includes Welltower, Ventas, Healthpeak Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Healthpeak Properties (NYSE: PEAK) are among the real estate investment trusts receiving funding as part of the Federal Reserve Bank of New York’s Secondary Market Corporate Credit Facility (SMCCF), The Real Deal reported. The program, established as part of the […]
The coronavirus pandemic has been the “unexpected shock to the economies” that National Investment Center for Seniors Housing & Care Chief Economist Beth Burnham Mace feared would disrupt a boom market in January. The fate of the senior housing sector is to some extent tied to the residential real estate market; people often must sell […]
More than 7,000 assisted living residents may have died from Covid-19 in the United States, according to a new report based on information that federal lawmakers gleaned from providers. The report suggests that the numbers may actually be higher, since deaths in assisted living facilities are not reported to the federal government, an issue that […]
A joint venture of Sabra Health Care REIT (Nasdaq: SBRA) and private equity firm TPG completed a sale of eight senior housing communities totaling 321 units in Oregon and Washington state to an Arizona-based private investor making its first senior housing acquisition. These communities were operated by Enlivant and were underperforming, Sabra CEO Rick Matros […]
As the U.S. gradually reopens after nearly four months of lockdowns in response to the coronavirus pandemic, senior living communities can take cues from how various businesses operate in the new normal. Plans for restaurants operating at reduced capacities or with only socially distanced, outdoor dining can be adopted by providers looking to re-open dining […]
As the coronavirus pandemic in the U.S. heads toward its fourth month, senior living operators have a better idea of how deeply Covid-19 is in communities by care level, and how they have deployed testing in response to the crisis. Data about infection rates and testing at a specific care level can assist operators in […]
Opportunity zone funds held promise for senior housing investment prior to Covid-19, and the sector may gain greater luster for these funds as a result of the pandemic. However, the outlook remains mixed at the moment, with some funds bullish on senior living and others avoiding the space, and the opportunity zone program facing ongoing […]
A USA Today article on long term care facilities charging higher service fees during the coronavirus pandemic shines another spotlight on the rising expenses incurred by providers — and raises questions about whether assisted living operators are unfairly passing on costs to residents. The article focuses largely on a resident at Legend of Mansfield, a […]
Welltower announces $300M cash tender offer Welltower (NYSE: WELL) announced a cash tender offer for up to $300 million in 3.95% and 3.75% notes, both due in 2023. The offer will expire on July 14, 2020 at midnight Eastern. Welltower has retained BofA Securities, J.P. Morgan Securities and Wells Fargo Securities to serve as dealer […]