$1.3 Billion In Sales Give Welltower Options as Business Stabilizes

Welltower (NYSE: WELL) spent the second quarter of 2019 improving its liquidity position in response to the coronavirus pandemic, thanks in part to $1.3 billion in divestitures of senior housing and outpatient medical assets. Occupancy declines in its senior housing segment, meanwhile, appear to be stabilizing nearly three months into lockdowns across the country. The positive […]

Belmont Village President: Crisis Breeds Innovation, Opportunities

Like senior living providers across the nation, Belmont Village has been tested by the coronavirus pandemic. Yet, despite increased costs and operational complexities, Covid-19 is also spurring innovation and could present growth opportunities for the Houston-based provider, according to President Mercedes Kerr. After a decade with Toledo, Ohio-based real estate investment trust Welltower (NYSE: WELL), […]

Stabilized Senior Housing Occupancy Falls to 88.7% in April

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 […]

Transactions & Financings: Welltower, Healthpeak Reportedly Sell South Florida Communities at Steep Discounts

Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]

Welltower: Occupancy Could Drop 6% in Q2, Senior Housing Still Key To Future of Health Care

Welltower’s (NYSE: WELL) senior housing portfolio took a substantial hit to occupancy between March and May as the Covid-19 pandemic dragged on — but the company believes the worst still is yet to come on that front. Occupancy for the Toledo, Ohio-based company’s senior housing operating (SHO) portfolio fell by 70 basis points in March […]

Seeking A Roadmap: What To Expect In A Senior Living Earnings Season Like None Other

Publicly traded senior housing owners and operators begin reporting their Q1 2020 earnings next week, but these financial results will be essentially irrelevant due to Covid-19. Analysts, investors and senior living professionals hope that the earnings reports and comments from executive teams will provide a clearer sense of Covid-19’s effects on the industry and what […]