NHI to Defer $2.1 Million in Bickford Rent, Intends to Sell 9 Communities

Murfreesboro, Tennessee-based National Health Investors (NYSE: NHI) collected approximately 100% of rent in Q2 2020 and posted solid quarterly earnings; looking ahead, the real estate investment trust (REIT) is taking steps to support its tenants in light of ongoing pandemic-related challenges. That is the backdrop for an agreement to defer $2.1 million in third-quarter 2020 […]

Skilled Nursing, Assisted Living Operator Genesis Warns of Possible Bankruptcy

Genesis HealthCare’s (NYSE: GEN) future as a going concern is in “substantial doubt” as a result of financial and operational strains stemming from the coronavirus pandemic — pressures that were brought into stark relief in its second quarter of 2020 earnings. The company’s portfolio of 361 facilities is dominated by skilled nursing but includes 23 […]

Senior Living Industry Seeks to Expand a Covid-19 Hospitality Hiring Wave

Senior living providers have succeeded in recruiting displaced hospitality workers during Covid-19 — but some positions are harder to hire for than others. Just ask Adam Kaplan, founder and CEO of Solera Senior Living, a Denver-based senior living provider with three senior living communities under management today and another six in the works. In March, […]

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 […]

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 […]