Senior Housing Deal Underwriting Adapts as Market Passes Peak Volatility

Senior housing capital markets are beginning to show signs of stability, more than two months after the coronavirus pandemic sent the markets into a time of peak volatility. Investors — particularly private equity — are raising funds. Lending is slowly loosening. Temporary expenses such as hazard pay and personal protective equipment (PPE) are separated from […]

$1.3 Billion In Sales Give Welltower Options as Business Stabilizes

Welltower (NYSE: WELL) spent the second quarter of 2019 improving its liquidity position in response to the coronavirus pandemic, thanks in part to $1.3 billion in divestitures of senior housing and outpatient medical assets. Occupancy declines in its senior housing segment, meanwhile, appear to be stabilizing nearly three months into lockdowns across the country. The positive […]

Healthpeak Does Not Expect Discounts to Drive Occupancy in Covid-19 Recovery

The Covid-19 pandemic has slowed move-ins for many companies in the senior living industry, including large real estate investment trusts. But for Healthpeak Properties, (NYSE: PEAK) the needle is moving in the right direction, at least for now. Roughly one month ago, around half of the Irvine, California-based health care REIT’s senior housing communities were […]

‘Smaller is Better’: Covid-19 Primes Senior Living for Rise of Small-House Models

Small-house senior living may be well-suited to handle the disruptions of the Covid-19 era. This may help boost the model’s popularity going forward — but the industry will first need to overcome obstacles regarding the way these communities are developed, financed and licensed. Just ask Jim Stroud, co-founder and former chairman of Capital Senior Living […]

Transactions & Financings: Midwest Health’s $84M Refinancing; MBK Acquires California Community

KeyBank secures $84M financing for 11-property Midwest Health portfolio. A KeyBank Real Estate Capital team led by Vice President Lee Delaveris secured an $84 financing package through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health. The portfolio comprises 584 units with properties located […]

Belmont Village President: Crisis Breeds Innovation, Opportunities

Like senior living providers across the nation, Belmont Village has been tested by the coronavirus pandemic. Yet, despite increased costs and operational complexities, Covid-19 is also spurring innovation and could present growth opportunities for the Houston-based provider, according to President Mercedes Kerr. After a decade with Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL), […]

Stabilized Senior Housing Occupancy Falls to 88.7% in April

The coronavirus pandemic sent occupancy rates for senior housing and skilled nursing communities on a downward trajectory in April, according to a new intra-quarterly report released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Senior housing stabilized occupancy among NIC’s 31 primary markets dropped 110 basis points to 88.7% — the […]