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 […]

Senior Living Distress Emerges, Smaller and Struggling Operators Hit First

In early March, five residents moved out of Rose Haven Assisted Living, a 28-bed assisted living facility in Merrimack, New Hampshire, right before the coronavirus pandemic swept across the U.S. The family-owned and operated facility already operated under tight margins. The loss of these residents — which were among the highest billed in Rose Haven’s […]

5 Top Covid-19 Lessons In Senior Living Operations, Design and Marketing

Senior living providers have grappled with many hardships due to Covid-19, but since the first state lockdown orders went out in mid-March, they have also amassed a wealth of knowledge around fighting the deadly disease. Today, many of them feel more confident that they can keep the disease out of their communities, or at least […]

What Senior Living Can Learn from the NBA’s Covid-19 Bubble Strategy

Senior living can draw inspiration from other industries for ways to move forward during the coronavirus pandemic — with professional sports leagues among the organizations to keep an eye on. All of the major sports leagues in the United States are attempting to start or finish their seasons in the wake of the crisis, with […]

Ventas Restructuring Gives Brookdale $500M Rent Savings Over 5 Years

Ventas (NYSE: VTR) and Brookdale Senior Living (NYSE: BKD) announced a revised master lease agreement Monday in which Brentwood, Tennessee-based operator Brookdale receives up to $500 million in rent reduction over the next five years. Ventas, a Chicago-based real estate investment trust (REIT), gains a potential equity stake in Brookdale. This agreement is designed to […]

Atria Takes Steps to Offer Its Tech Suite to Other Senior Living Operators

Atria Senior Living recently filed for a trademark for Glennis Solutions, a company providing technology to support senior living operations. “Over many years, Atria has developed a high quality, true end-to-end, suite of software solutions for senior housing operations,” the company told Senior Housing News in an emailed statement. “We are excited about the potential […]

Merrill Gardens President: Middle-Market Brand Takes Shape, Black Lives Matter a Wakeup Call

Tana Gall has been on a mission since returning to Merrill Gardens as president last November. The groundwork for the Seattle-based owner-operator’s entry into the middle market was underway before the coronavirus pandemic shifted priorities to resident safety. However, the middle-market concept is still in the works and likely will be piloted in a handful […]

Former Five Star Execs Mackey, Herzig Get Sona Senior Living Off the Ground

Two former leaders of Five Star Senior Living (Nasdaq: FVE) are officially back in the operations game. Sona Senior Living, the operating company that Bruce Mackey and Scott Herzig launched last year, now has two management contracts under its belt in New Hampshire and Massachusetts, stepping into those buildings in the midst of Covid-19. The […]