Fitch Ratings has announced potential revisions to its rating criteria for life plan communities and is accepting public feedback before changes are finalized. The changes proposed by Fitch in a recent draft would “better reflect the risks” life plan communities face, according to Fitch Senior Director Margaret Johnson. That’s due to LPCs having a smaller […]
Fitch Ratings
Life plan communities have a number of opportunities ahead of them, and many challenges to boot. But until certain factors change, stability may be the best the sector can hope for. That’s according to Margaret Johnson, senior director for life plan communities and senior lead at Fitch Ratings. On a webinar Thursday, Johnson said that […]
Life plan communities will continue to face a challenging road in 2024 as real estate prices slow down and inflation continues to put pressure on operating budgets, even as demand remains high. That’s according to the latest report from credit ratings company Fitch Ratings, which on Monday noted in a new report the life plan […]
This article is part of your SHN+ subscription A recession and a steep slowdown in home sales have yet to come to pass despite recent warnings, and senior living operators and finance experts believe that the CCRC sector’s demand outlook is brighter as a result. Trading in home equity is a common way older adults […]
Life plan communities (LPCs) could face tougher overall market conditions in the year ahead compared to 2022, despite demand remaining strong for all care types. Operating cost pressures, driven by staffing shortages at communities, have prompted operators and owners to pass through considerable rate increases due to wage adjustments. That ultimately led to the deterioration […]
Stubborn labor costs and the potential for more distress in the U.S. economic landscape are leading to a worsening outlook for life plan communities in the year ahead, according to a new Fitch Ratings report. While the influx of the baby boomer generation is expected to support the sector in the years ahead, other headwinds […]
Elevated staffing costs and difficulty finding workers could affect how some continuing care retirement communities (CCRCs) and life plan communities think about their unit mix in the long-term. That’s according to a newly released analysis on October 2022 trends from financial services company Fitch Ratings. It’s no secret that the cost of doing business is […]
Operational and financial health for life plan communities is projected to remain “relatively stable” in 2022 despite ongoing challenges — but certain economic conditions could derail that stability down the road. That’s according to ratings agency Fitch Ratings, which on Monday released its quarterly Public Finance Rating Actions Report and Sector Updates. Of the 62 […]
Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound. The Toledo, Ohio-based real estate investment trust’s (REIT) rating outlook was revised from negative to stable, and its issuer credit rating was revised to “Baa1” status by Moody’s Investors Service. The […]
Griffin-American Health Care REIT III (GAHR III) and Griffin-American Health Care REIT IV (GAHR IV) completed their previously announced merger, setting the stage for the largest-ever public offering for a health care real estate investment trust in a record year for REIT mergers. The tax-free, stock-for stock transaction creates a combined company with a total […]