Leaders with Bridge Senior Living believe that the Covid-19 pandemic is widening the gap between the best operators and the rest of the pack — and in the future, capital providers and consumers will flock to those top performers while avoiding the rest. “We think that the distance between the top-tier operators and the non-top […]
With Covid-19 infection rates surging across the country, senior living providers are once again tightening restrictions and relying on pandemic response protocols established over the last eight months. Atria Senior Living has consistently emphasized the importance of Covid-19 testing as a cornerstone of its strategy, and that again is in evidence. Over the last two […]
The need for more relief grows daily, as the U.S. grapples with a new surge of positive coronavirus cases with little end in sight, and industry groups and leading providers stress that without it they may not be able to stay in business for much longer, let alone keep their vulnerable populations safe. “What we […]
The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities. At the same time, there is increased spread in Class A versus Class B acquisitions, illustrating “an investor flight to quality throughout the pandemic.” That’s according to the latest CBRE […]
Commonwealth Senior Living again helped Invesque (TSX: IVQ.U and IVQ) buoy an earnings period challenged by Covid-19. The portfolio, which Invesque acquired for $340 million last year and now includes more than 30 senior living communities, saw an occupancy decline of just 10 basis points in the third quarter of 2020 while holding steady on […]
National Health Investors (NYSE: NHI) has extended additional rent deferrals to Bickford Senior Living, and executives with the real estate investment trust (REIT) are keeping their options open in terms of further tenant support given the unpredictable nature of Covid-19. “We’re unwilling — so to speak — to make long-term decisions at what we hope […]
Covid-19 is forcing senior living providers to reassess their strategic planning, and many are not waiting for the pandemic to subside to adapt. Notably, large nonprofit providers such as Asbury Communities and Covenant Living Communities & Services are learning to be more nimble with their strategic plans, prioritizing a handful of improvements that can be […]
A significant percentage of long-term care providers, including assisted living, are not using the Covid-19 rapid antigen tests developed by Abbott Laboratories, highlighting the need for direct access to multiple types of coronavirus testing, according to a new survey released Monday by LeadingAge. The nonprofit senior housing industry association received input from 547 of its […]
Senior living owners and operators are eager for a Covid-19 vaccine, but leaders with Sabra Health Care REIT (Nasdaq: SBRA) believe that operations can largely normalize without a vaccine — as long as rapid testing is widely available. Sabra CEO Rick Matros is hopeful but skeptical that a vaccine can be distributed in senior housing […]
Capital Senior Living (NYSE: CSU) experienced an uptick in move-outs during the third quarter of 2020, but CEO Kim Lody believes that the factors at play are temporary. “In Q3, as certain markets across the United States experienced escalating Covid-19 cases, the level of move-outs attributable to home- or self-care increased in our portfolio,” she […]
