COVID-19 Continues to Weigh on Ventas Senior Housing Performance in Q2

As with its other REIT peers, Ventas’ (NYSE: VTR) senior housing segment continued to lag from the impact of Covid-19 in the second quarter of 2020, but is encouraged from positive trends emerging after the pandemic’s initial disruption. Its roster of operators achieved sustained intra-quarterly improvements in leads, movements and clinical results after the massive […]

Gardant CEO: Residents Are Driving Reopening Plans, Financial Support Finally Arrives

Assisted living providers have been largely overlooked by the government’s financial support programs during Covid-19. Even Gardant Management Solutions — a large provider with significant Medicaid revenues — had to wait a long time for federal aid. The provider had to wait until early July to apply for assistance through the $15 billion CARES Act […]

Healthpeak CEO: Maintaining Blue Chip REIT Status Vital as Covid-19 Persists

Healthpeak Properties’ (NYSE: PEAK) senior housing segment continues to struggle from the impact of Covid-19. But with a full quarter of operations during the outbreak under its belt, there are signs that the health care real estate investment trust (REIT) has entered the management phase of the pandemic. Occupancy declines are slowing on a sequential […]

How Zappos, Quicken Loans Inspired Bloom Senior Living’s Rebrand

The foundation for Bloom Senior Living’s rebranding was laid with separate emails the operator received from two different family members of the same resident in one of its South Carolina communities. If one complained that the food was too hot, the other complained that it was too cold, Bloom Acquisitions Director and General Counsel Bradley […]

Eli Lilly Launches Covid-19 Antibody Treatment Trial in Assisted Living, Long-Term Care

Pharmaceutical giant Eli Lilly (NYSE: LLY) on Monday launched a late-stage clinical trial in long-term care facilities for its Covid-19 antibody treatment. The Phase 3 trial, dubbed BLAZE-2, is being conducted in partnership with the National Institute of Allergy and Infectious Diseases (NIAID), and will enroll up to 2,400 residents and staff at nursing homes […]

Covid-19 Could Put Other REITs in Similar Triple-Net Predicaments as LTC

The issues faced by LTC Properties (NYSE: LTC) on a lease with an affiliate of Senior Lifestyle Corp. in the second quarter of 2020 may be a sign of things to come among other real estate investment trusts in the senior living industry, especially if occupancy deteriorates further in the months ahead. Westlake Village, California-based […]

CCRCs Bolster Financial Positions as Bond Market Comes Back Strong

Covid-19 disrupted capital market activity for senior living providers of all kinds, including nonprofit continuing care retirement communities (CCRCs). However, this summer has marked a shift, with multiple large financing deals being completed — a testament to greater confidence in bond market investors, and a reflection of CCRCs’ ability to withstand pandemic pressures. The coronavirus […]