by Steve Monroe | Nov 13, 2023 9:04 am | Developments
Canada-based Chartwell Retirement Residences has been seeing a resurgence of occupancy growth that seems to be above and beyond the normal third quarter increases that we have come to expect. The third quarter saw census increase by 210 basis points from the... Read More »
by Steve Monroe | Nov 13, 2023 9:02 am | Financings
Rockabill, a leading development partner and consultant to not-for-profit owners of affordable, support, and transitional housing, and the national commercial and multifamily mortgage banking company BWE, announced a refinancing of an affordable seniors housing... Read More »
by Steve Monroe | Nov 13, 2023 9:01 am | Developments
As we know, healthcare REITs suffered during the pandemic, with share prices hitting lows in March 2020. It was a long battle to regain previous values and even longer to sort out the various tenant problems. Balance sheets have been cleaned up, tenants and properties... Read More »
by Steve Monroe | Nov 13, 2023 8:59 am | Acquisitions
Welltower and Chartwell Retirement Residences have agreed to wind-down their existing joint venture covering 39 communities in Canada. The joint venture, with equal ownership in the properties, began in 2012 with the interests of both parties strongly aligned. ... Read More »
by Steve Monroe | Nov 13, 2023 8:57 am | Developments
While it may not have been CareTrust REIT’s best quarter, there do not seem to be many problems with its tenants. The REIT collected 97.5% of contractual rent, up from 96.7% in the previous quarter. It helps when The Ensign Group is your major tenant. Lease coverage... Read More »