by Steve Monroe | Jun 10, 2022 10:17 am | Uncategorized
Brookdale Senior Living just reported that its May weighted average occupancy increased by 70 basis points from April, to 74.6%. Even better, month-end occupancy in May increased by 90 basis points in May compared with the end of April, hitting 76.2% at the end of... Read More »
by Steve Monroe | Jun 1, 2022 10:35 am | Acquisitions
Stand-alone memory care communities were much maligned several years ago, partly because too many of them were built, and partly just because you said you were a memory care operator didn’t mean that you knew what you were doing (we can just see Loren Shook nodding in... Read More »
by Steve Monroe | May 11, 2022 11:32 am | Opinion
Everyone tries to put a good face on their performance, whether it has been average or well above average. But Shankh Mitra, CEO of Welltower, was practically exuberant on the REIT’s recent performance and its future growth and prospects. It certainly helped that... Read More »
by Steve Monroe | May 9, 2022 1:16 am | Acquisitions
So, how do you sell an underperforming, over-leveraged community that is in receivership and was originally built in 1965. That is a tough one, but it did help that Priority Life Care was the court-appointed receiver and manager effective about the end of 2020. This... Read More »
by Steve Monroe | Mar 10, 2022 2:01 pm | Opinion
You have to hand it to Jonathan Litt of Land & Buildings, he has not given up on the senior care sector. After going after a few provider companies in the pre-COVID past, he recently set his sights on Ventas. But, Big Deb did not quake in her heels. She never... Read More »