Senior living providers sometimes use rent concessions to boost lease-ups or get a leg up on the shiny new community down the street — but they are by no means the only way to increase census or grow revenue in the long-term, and might not be the most effective approach. While it can be tempting to […]
Though senior living is more recession-proof than many industries, an economic downturn would likely worsen current occupancy challenges and make affordability an even more pressing issue to address, according to executives in the sector. Though the economy has been in a prolonged boom, there are some indications — including a flattening yield curve — that […]
Despite doing more joint ventures lately, LTC Properties (NYSE: LTC) is still a firm believer in the value of triple-net leases, CEO Wendy Simpson emphasized Thursday on a Q2 2018 earnings call. The topic of triple-net versus RIDEA has been much discussed in recent weeks, as publicly traded companies have announced their second quarter earnings. […]
Darren McGrady, formerly the personal chef to Princess Diana, is bringing his talents to senior living for the first time, through an exclusive partnership with Koelsch Communities. Koelsch was founded in 1958 with a single nursing home in Kelso, the town in southwestern Washington where the business is still based. The company made a name […]
Grandbridge Arranges $248 Million Senior Housing Credit Facility The Seniors Housing and Healthcare Finance Group at Charlotte, North Carolina-based Grandbridge Real Estate Capital recently arranged the closing of a $247,629,500, 11-community senior housing credit facility. The loan was originated by Senior Vice President Richard Thomas and the Seniors Housing and Healthcare Finance Group, and funding […]
LTC Announces Extension of Unsecured Credit Facility California-based LTC Properties, Inc. (NYSE: LTC) recently entered into a second amended and restated unsecured credit agreement to replace the real estate investment trust’s (REIT’s) previous unsecured credit agreement dated Oct. 14, 2014. The credit agreement maintains the $600 million aggregate commitment of the lenders under the previous […]
The top executives behind some of the largest publicly traded senior living owners and operators in the U.S. took home a pretty penny last year. In 2017, leaders at real estate investment trusts Ventas (NYSE: VTR), Welltower Inc. (NYSE: WELL), and HCP, Inc. (NYSE: HCP) earned the most in total compensation, a catch-all term that includes base […]
LTC Properties (NYSE: LTC) says it’s well-prepared to weather industry headwinds, especially now that occupancy is on the upswing with one of its previously embattled tenants. That operator, Anthem Memory Care, has made good progress so far this year, LTC Chairman, President and CEO Wendy Simpson said during Thursday’s first-quarter 2018 earnings call. Anthem makes up […]
Strategic Student & Senior Housing Trust’s IPO Declared Effective by the SEC Maryland-based Strategic Student & Senior Housing Trust, Inc., a public non-traded real estate investment trust (REIT) sponsored by SmartStop Asset Management, LLC, announced that its registration statement pertaining to an initial public offering of about $1.1 billion in shares of common stock was […]
LTC Properties Inc. (NYSE: LTC) is optimistic that one of its troubled tenants, Anthem Memory Care, will eventually regain its footing, though it remains to be seen exactly when that might occur. At the same time, the company is offloading a premium operator in Sunrise Senior Living, though it plans to remain active on the […]
