Brookdale Senior Living (NYSE: BKD) has elected not to renew a lease on its portfolio of 35 properties with LTC Properties (NYSE: LTC), appearing to end collaboration between the two companies for now. The Brentwood, Tennessee-based operator chose not to renew its lease with LTC, the Westlake Village, California real estate investment trust (REIT) announced […]
ALG Senior
LTC Properties (NYSE: LTC) management expects the company’s operating partners will make progress on occupancy and expenses in 2023, but the rate of recovery in the year ahead remains uncertain. Part of the reason why is that occupancy increases coming out of the pandemic “have not been linear,” LTC Properties Chairman and CEO Wendy Simpson […]
Senior living operators are taking necessary steps to prepare for what could be a “tripledemic,” in which operators must tackle potential spikes in Covid-19, influenza and respiratory syncytial virus (RSV). “We’ve come into a place where it feels like we’re operating almost normally with some precautions that have stayed with us,” MBK Vice President of […]
Two and a half years after the initial rise of Covid-19, case counts are rising for another disease that senior living operators should keep an eye on. The disease is Monkeypox, a rare infection caused by a virus related to smallpox. As of Aug. 16, the U.S. Centers for Disease Control & Prevention (CDC) has […]
LTC Properties (NYSE: LTC) has transitioned 12 senior living communities to operating partner ALG Senior as the company gears up to make more investments in 2022 than last year. Leaders with the Westlake Village, California-based real estate investment trust (REIT) said the the properties, which represent 625 private-pay units, were formerly operated by a company […]
The omicron variant of coronavirus drove Covid cases to an all-time high in the early days of 2022, putting senior living providers under intense pressure to start the year. In particular, providers are facing staffing challenges as infections among the workforce compound an existing and extreme labor crunch. Furthermore, evolving guidance from federal and state […]
Length of stay has long been a top focus for senior living operators — and never more so than today, as they seek to reverse trends caused by the Covid-19 pandemic. In the years leading up to the pandemic, average length of stay in assisted living was thought to be about 22 months, according to […]
“In 2022, this will continue to be the key priority for industry leaders: how do we continue to grow and evolve our business lines, which are strategic imperatives, in the face of day-to-day operational issues related to staffing? We need to be nimble enough to react quickly to all the changes coming at us with […]
In the final week of November, there was a 7-day average new Covid-19 case rate of just over 95,000 per day in the United States. In the subsequent month, that number has exploded to 188,000, according to data from the New York Times and Our World in Data. This surge is due in large part […]
While senior living operators continued to battle the Covid-19 pandemic in 2021, the industry was being reshaped by blockbuster deals. It’s no surprise that Atria Senior Living’s acquisition of Holiday Retirement — with Welltower (NYSE: WELL) investing in 86 Holiday properties — led to the most-read story on Senior Housing News in the last 12 […]
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