Heading into the final three months of 2021, senior living providers, investors and developers face multiple perils. Occupancy gains have slowed in recent weeks while a labor crisis is worsening, and supply chain disruption continues to drive up construction costs. However, compared to where the industry was a year ago, the view in 2021 appears […]
National Health Investors
The Covid-19 delta variant has slowed Brookdale Senior Living’s (NYSE: BKD) occupancy recovery, which has been on a six-month upward trend. In particular, growth appears to be slowing in states and markets where the delta variant is spreading the fastest, the Brentwood, Tennessee-based owner-operator declared in a 8-K form filed Tuesday with the Securities and […]
National Health Investors (NYSE: NHI) completed a sale of eight communities operated by Holiday Retirement. The total price was $115 million. The communities total 909 units, and NHI expects to realize a gain on the sale of up to $2 million. To date, the company announced $203.4 million in dispositions and expects to end 2021 […]
National Health Investors (NYSE: NHI) is seeking to sell nine properties operated by Holiday Retirement, with plans to potentially sell even more properties this quarter. The Murfreesboro, Tennessee-based real estate investment trust (REIT) has inked a non-binding letter of intent to sell the nine-property portfolio to an institutional buyer that is leased to Holiday with […]
National Health Investors (NYSE: NHI) on Thursday announced $1.8 million in rent deferrals for Holiday Retirement. The deferrals relate to rent for May, June and July. The Murfreesboro, Tennessee-based health care real estate investment trust (REIT) also agreed to release $600,000 per month from Holiday’s security deposit, for the same time frame. The deposit totaled […]
The Covid-19 pandemic put serious pressure on senior living providers’ bottom lines, but for continuing care retirement communities (CCRCs), those headwinds didn’t gust quite as hard. In fact, CCRCs’ resilience will be talked about for years to come, Eric Mendelsohn, CEO of National Health Investors, said in a recent SHN+ TALKS. As that conversation gets […]
National Health Investors’ (NYSE: NHI) rent deferrals and concessions continued in the first quarter of 2021 and could continue to have an effect on the company’s bottom line in the second quarter, and possibly longer. But, operators working with the Murfreesboro, Tennessee-based real estate investment trust (REIT) are seeing positive momentum on move-ins and occupancy, […]
National Health Investors’ (NYSE: NHI) deferred rent total from Bickford Senior Living continues to grow. NHI announced on Thursday it agreed to defer up to $5 million in April and May rent due from Bickford, which operates 47 communities for the Murfreesboro, Tennessee-based health care real estate investment trust (REIT). Previously, NHI deferred $5.85 million […]
Last week, Discovery Senior Living announced that Hilary Bullard — formerly VP of senior housing asset management with Healthpeak (NYSE: PEAK) — will lead the new Morada brand. Discovery is launching Morada with 16 communities recently acquired from Healthpeak. The Bullard hire and Morada’s launch are among many news items that have been generated from […]
National Health Investors (NYSE: NHI) is deferring more rent from Bickford Senior Living. Among NHI’s other largest operators, Holiday Retirement continued to see occupancy decline between January and February, but Senior Living Communities gained census for the second straight month, the Murfreesboro, Tennessee-based real estate investment trust (REIT) announced Monday. NHI agreed to defer $3 […]