Leaders with Five Star Senior Living (Nasdaq: FVE) are focused on maintaining rental rates in the face of steep concessions that competitors are offering in some markets, as they seek to rebuild occupancy that has eroded due to Covid-19. The strategy to prioritize rate over occupancy could weigh on near-term results for Diversified Healthcare Trust […]
Five Star Senior Living
Sales and operator transitions Diversified Healthcare Trust completes 4-property, $53M sale Diversified Healthcare Trust (Nasdaq: DHC) completed a previously announced sale of four properties for a combined $43 million. The disposition includes three senior living communities with a combined 239 units located in Washington and Montana for $46 million. These sales were part of a […]
Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]
After a turbulent few years, Five Star Senior Living (Nasdaq: FVE) has gained more financial stability — and CEO Katie Potter is now moving the company toward its next evolution, as a provider of “life services” that extend beyond the four walls of senior living communities. With a portfolio of more than 250 communities, Five […]
More than 7,000 assisted living residents may have died from Covid-19 in the United States, according to a new report based on information that federal lawmakers gleaned from providers. The report suggests that the numbers may actually be higher, since deaths in assisted living facilities are not reported to the federal government, an issue that […]
The coronavirus pandemic sent occupancy rates for senior housing and skilled nursing communities on a downward trajectory in April, according to a new intra-quarterly report released Tuesday by the National Investment Center for Seniors Housing & Care (NIC). Senior housing stabilized occupancy among NIC’s 31 primary markets dropped 110 basis points to 88.7% — the […]
As with other publicly traded operators, Five Star Senior Living (Nasdaq: FVE) did not escape the first quarter of 2019 unscathed by the coronavirus pandemic. Five Star entered 2020 with 82 newly hired executive directors and a new operational agreement with its primary landlord, Diversified Healthcare Trust (Nasdaq: DHC), and both companies were focused on […]
Two U.S. senators from Massachusetts and the chair of the House Oversight Committee are asking some of the largest providers of senior living in the U.S. to provide more information about their Covid-19 infection rates and response measures. Sens. Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.) and Rep. Carolyn Maloney (D-N.Y.) this week sent a letter […]
Senior housing-related stocks fell sharply on Thursday amid a dramatic market plunge tied to coronavirus fears. The Dow Jones Industrial Average was down 10% at market close, in the worst drop for the index since “Black Monday” in 1987. The Nasdaq composite was down 9.4% at the close. Several senior housing-related stocks fell even more […]
Now that CEO Katie Potter has led Five Star Senior Living (Nasdaq: FVE) through a restructuring year, she is thinking bigger about the future of the industry and how the Newton, Massachusetts-based provider can succeed. “How do we change and evolve our assets? It comes with making decisions in terms who you’re going to be […]
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