by Steve Monroe | Apr 11, 2023 5:01 pm | Opinion
Late on April 10, Brookdale Senior Living reported its March occupancy results, and disclosed that preliminarily, the first quarter financial results looked to be better than originally forecast. The market pounced on the news that first quarter adjusted EBITDA would... Read More »
by Steve Monroe | Apr 11, 2023 4:59 pm | Acquisitions
Just weeks after AlerisLife was taken private in what we would call a bit of an inside deal, the REIT that owns most of its assets, Diversified Healthcare Trust (DHC), is being merged into Office Properties Income Trust (OPI), an office REIT with current tenant... Read More »
by Steve Monroe | Mar 31, 2023 9:32 am | Opinion
When we read Sonida Senior Living’s recent fourth quarter earnings report, we had already heard that it contained the dreaded “going concern” caveat. While not surprising, what was surprising was how glowing the highlights were. Management “was thrilled with... Read More »
by Steve Monroe | Mar 24, 2023 8:58 am | Opinion
I was saddened to learn that my friend George Chapman has just passed away. I had known George since the 1980s when he was working under Bruce Thompson, the co-founder and CEO of Health Care REIT (now Welltower). We started with a very friendly relationship when Bruce... Read More »
by Steve Monroe | Mar 1, 2023 10:01 am | Statistics
LTC Properties announced that Brookdale Senior Living finally decided not to renew leases on 35 assisted living communities with 1,471 units in eight states. Most, if not all, of these properties came to Brookdale as part of its 2005 acquisition of Alterra Healthcare... Read More »