This article is an exclusive feature available as a part of your subscription to SHN + Senior housing developers and operators are encouraged by occupancy gains in recent months. But those stakeholders are still taking a cautious approach to underwriting development and lease-up pro formas for newly opened communities and ground-up projects, and in some […]
LTC Properties (NYSE: LTC) has nearly exited its relationship with Senior Lifestyle Corp., expanding its partnerships with Juniper Communities and Oxford Senior Living in the process. LTC — a real estate investment trust (REIT) based in Westlake Village, California — decided before the Covid-19 pandemic to transition its portfolio operated by Chicago-based Senior Lifestyle, one […]
Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will result in a seasonal occupancy uptick, and then some — but that result is uncertain. There is reason for some […]
When Wendy Simpson, CEO of LTC Properties (NYSE: LTC), heard a colleague at a different real estate investment trust predict a two-year timeline to senior living occupancy recovery, she thought, “That’s just silly.” But, she no longer thinks so. “I think later in the year, we should be able to get a better trend, but […]
Brookdale Senior Living (NYSE: BKD) opted to extend its lease with real estate investment trust LTC Properties (NYSE: LTC) through Dec. 31, 2021. Brookdale holds an option to extend the lease through April 30, 2022. Rent terms under the master lease did not change. Westlake, California-based LTC also extended a $4 million capital commitment to […]
LTC Properties (NYSE: LTC) granted roughly $3.7 million in deferred, abated and reduced rent in the first four months of this year. The Westlake Village, California-based real estate investment trust (REIT) also has agreed to provide rent deferrals and abatements of up to $721,000 for both May and June of this year. In Dec. 2020, […]
While senior living capital expenditure allocations were gradually increasing before the Covid-19 pandemic, some leaders were concerned that investment in buildings still was insufficient and leading to an impending crisis related to obsolescent properties. Today, issues with buildings pre-pandemic have only been exacerbated by the virus, making CapEx investment more vital, even as such spending […]
Executives with LTC Properties (NYSE: LTC) are seeking to further reduce the company’s Senior Lifestyle holdings this year, while at the same time building new operator relationships and growing existing ones. The Westlake Village, California-based real estate investment trust (REIT) yesterday disclosed it had transitioned 11 of its 23 assisted living communities leased to Senior […]
LTC Properties (NYSE: LTC) has transitioned 11 assisted living communities leased to Senior Lifestyle to other operators. The Westlake Village, California-based real estate investment trust (REIT) disclosed Thursday in its fourth-quarter earnings release that it had changed the leases on 11 properties in Wisconsin, Ohio, and Illinois, going from Senior Lifestyle to two other operators. […]
LTC Properties (NYSE: LTC) is offering a reduction on 2021 rent escalators for its operators, the company announced Thursday. The Westlake Village, California-based health care real estate investment trust (REIT) plans to reduce operators’ 2021 rent escalators by 50% in the form of a one-time rent credit. LTC expects the escalation reduction will have an […]
