Coming out of the pandemic, the senior care REITs have had their difficulties dealing with low occupancy, operator/tenant problems and staffing shortages, like most in the industry. Rent collection rates and lease coverages have been less than ideal in more than a few cases, a couple of high-profile disputes played out, and REITs even were the target (albeit misguided) of the Biden Administration’s critique of the skilled nursing industry. However, after the major balance sheet decisions they made early in the pandemic and some strategic divestments, many REITs are still poised to grow on a massive scale, if the right deals come along.
What properties are they targeting, and what prices are they willing to pay? Have any lessons been learned in managing tenant relationships that could change operating and ownership structures going forward? Interest rates are rising, and will continue to do so for some time, so we also want to learn how REITs are adapting their M&A strategies accordingly.
Join us on Thursday April 28 at 1pm Eastern for our REIT webinar, when we tackle these topics and several others with a panel of experts that include Mark Lamb of CareTrust REIT, Kevin Pascoe of National Health Investors and Alex Florea of Blueprint Healthcare Real Estate Advisors. See you then.
