Last week, California Governor Gavin Newsom signed legislation extending protections for renters from evictions due to financial hardship stemming from the Covid-19 pandemic through January 31, 2021. It may be too early to determine what the law means for residents of senior housing communities across the Golden State, but communities and residents in private-pay senior […]
One thing is certain as the coronavirus pandemic enters its sixth month in the U.S.: Covid-19 is not going away. “We are going to have to live with Covid-19 in the world,” Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier told Senior Housing News. And, in many regards, the senior living industry is in fact […]
Brookdale terminates $250M credit facility; refinances assets Brookdale Senior Living (NYSE: BKD) secured $267 million of non-recourse mortgage debt and terminated its $250 million revolving credit facility. The debt was obtained from Capital One, through Freddie Mac’s Capital Markets Execution Program. The financing includes $191 million of 2.89% fixed rate notes and $76 million of […]
Private-pay assisted living providers now have the ability to apply for funding under the Provider Relief Fund Phase 2 General Distribution allocation, the U.S. Department of Health and Human Services (HHS) announced Tuesday. The announcement comes about two weeks after the federal agency told the American Seniors Housing Association (ASHA) during a call that relief […]
Brookdale Senior Living (NYSE: BKD) Chief Information Officer Chris Bayham has left the company after one year. Bayham is joining XSOLIS, a health care technology firm based in Nashville, Tennessee, as chief operating officer. He will be responsible for strategic planning and operational execution across XSOLIS’ technology and service lines. Founded in 2013 as a […]
Developers in the active adult space believe that the coronavirus pandemic is proving out their market selection and development strategies, as well as accelerating previous senior living trends that will bode well for future demand. Notably, migration patterns in recent years are seeing greater demand for active adult in secondary and suburban markets across the […]
When the novel coronavirus first swept the United States in late March and April, the pandemic raised fears about vulnerabilities for independent living, but this part of the senior housing continuum has so far proven resilient. In the early days of Covid-19, the better health, mobility and independent nature of residents made social distancing and […]
Relief funds from the CARES Act stimulus package helped many health care operators, including senior living providers, ward off the threat of distress and bankruptcy in the second quarter of 2020. That occurred against a backdrop of rising levels of financial distress within the health care sector as a whole, according to a new report […]
The name Avidor, translated from Hebrew, means “father of a multitude.” While there are not yet a multitude of communities, Avidor Living, the new active adult brand that Allegro Senior Living launched last year, is quickly growing in scale, with three communities in operation and two more under development, Allegro Vice President of Operations Jamie […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Zach Rigby, director, capital markets for Jones […]
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