LTC Writes Off $17.7 Million in Senior Lifestyle Rent, Extends Brookdale Lease

Real estate investment trust LTC Properties (NYSE: LTC) collected 92% of rent due in the second quarter of 2020, with most of the shortfall attributed to buildings operated by Senior Lifestyle Corp. Westlake Village, California-based LTC wrote off $17.7 million in straight-line rent receivable and lease incentive balances related to an affiliate of Senior Lifestyle, […]

LTC Names Kessler, Malin as Co-Presidents

LTC Properties (NYSE: LTC) is making changes to its leadership team. The Westlake Village, California-based health care real estate trust (REIT) named CFO Pam Kessler and Chief Investment Officer Clint Malin co-presidents on Monday. LTC’s former president, Wendy Simpson, will remain as CEO and chairwoman. Both Kessler and Malin have been with LTC for some […]

Covid-19 Is Costing The Springs Living, But Provider Will ‘Hold the Line’

The senior living industry may come out of the new pandemic era with an even stronger position than before — but in the meantime, operators are taking a hit on net operating income and are relying on support from their capital partners and even their competitors to weather the storm. For example, McMinnville, Oregon-based provider […]

Transactions & Financings: LTC Completes $78M Preferred Care Sale; Juniper Communities’ $12.3M Refinancing

Bellwether Enterprise provides $36.3M financing for Kentucky Development Bellwether Enterprise Real Estate Capital Executive Vice President John Powell originated a $36.3 million permanent loan through Fannie Mae’s seniors housing program for the refinancing of Legacy Reserve at Fritz Farm, a senior housing community in Lexington, Kentucky featuring 144 independent living, 33 assisted living and 15 […]

Movers & Shakers: American House Creates Hospitality Role; Pegasus Appoints Sales and Marketing VP

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

With New Operators in Tow, LTC to ‘Dig Deep’ to Find Deals

With some of its more troubled senior housing tenants on better footing now than in the past, LTC Properties (NYSE: LTC) plans to spend 2020 looking for new opportunities — but current market conditions are all but certain to complicate that goal. The challenge is that, in many markets throughout the U.S., pricing for new […]