BMO Analysis: 50% Decline a Worst-Case Scenario, But Historically Low Senior Housing Occupancy Could Be Coming

Senior housing occupancy could fall by as much as 50% this year due to Covid-19 — as Bloomberg reported — but this is a worst-case scenario, according to BMO Capital Markets Analyst John Kim. Less dramatic occupancy declines are more likely, yet even these relatively gentler drops could put occupancy at historically low levels. BMO […]

Capital Senior Living Gets Rent Forbearance, Lease Terminations from Ventas, Welltower

Capital Senior Living (NYSE: CSU) took another step toward stabilizing its balance sheet. Capital reached rent forbearance agreements with two of its real estate investment trust (REIT) landlords — Toledo, Ohio-based Welltower (NYSE: WELL) and Chicago-based Ventas (NYSE: VTR), the Dallas-based operator announced in an SEC Form 8-K filing on Monday. Additionally, Capital agreed to […]

6 Senior Living Providers to Watch in 2020

Chess champion Garry Kasparov once said, “Many people think that if something worked yesterday and is still working today, it will work tomorrow. That’s wrong.” Kasparov’s take on this mindset applies to senior living, which finds itself at a historic, pivotal moment. Baby boomers will come to the space demanding variety in care and amenities, […]

Capital Senior Living CEO: Low Point of Turnaround is Behind Us

With industry fundamentals improving and successful operational initiatives starting to scale across the portfolio, leadership at Capital Senior Living (NYSE: CSU) believe the company is now poised to generate long-term success which could start to become evident as soon as the fourth quarter of 2019. Notably, the operator has seen strong results from a sales-related […]