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 […]
Category: Covid-19
The complexities of Covid-19 have thrown a wrench in many senior living providers’ recruitment efforts during a time of need. But there are some ways companies can retool hiring for the new pandemic age. Forging ahead with a new hiring strategy is especially important, given that Covid-19 has only made hiring harder in recent months, […]
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 […]
Brookdale Senior Living (NYSE: BKD) recently held a “virtual sales rally” involving about 1,800 people, with the goal of helping communities drive occupancy as the Covid-19 pandemic enters its next phase. “The sales rally focused on strengthening our messages on Brookdale’s points of difference with each community’s local story, including facts on how we’ve managed […]
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 […]
Ventas (NYSE: VTR) is seeing promising trends in its senior housing portfolio, but CEO Debra Cafaro is clear that her company and the economy as a whole are still captive to Covid-19. “We’re all prisoners of the virus,” Cafaro said Tuesday during a panel at Nareit’s REITweek Virtual Investor Conference. Chicago-based Ventas is a real […]
Welltower (NYSE: WELL) closed on a $300 million sale of six senior housing assets at the end of May and is also disposing of a $1 billion portfolio of seven senior housing and 29 outpatient medical properties. The transactions were executed on a quick timeline of less than 45 days between signing of confidentiality agreements […]
Covid-19 has upended the way that senior living sales teams operate. The good news is that May numbers showed improvement over April — but there are also indications that sales pros are not using their time most efficiently and effectively. These are among the takeaways from a newly released data set from Sherpa, representing information […]
The coronavirus pandemic is sparking concerns of a real estate collapse that could surpass the one associated with the 2008 recession. But senior housing could prove resilient, and new opportunities for development could arise as other property types become increasingly beleaguered. No asset class has been left unscathed by Covid-19, but product types that rely […]
Like many other senior living providers in its shoes, Sunshine Retirement Living has not received any financial assistance from the government since the pandemic began, despite Covid-19 hurting its bottom line. The provider’s occupancy has dipped 250 basis points in independent living and 800 basis points in memory care since the provider enacted its infection […]
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