by Steve Monroe | Aug 3, 2020 3:59 am | Opinion
It is usually the larger REITs that are the first out of the block with their quarterly earnings reports, so it was nice to see LTC Properties be the first one this time. And a week before the others. With a stock market capitalization of just $1.4 billion,... Read More »
by Steve Monroe | Jul 29, 2020 4:46 am | Acquisitions, Financings
Perhaps the two most powerful women in seniors housing, Debbie Cafaro of Ventas and Cindy Baier of Brookdale Senior Living, had to make some decisions with regard to Brookdale’s under water leases that have a maturity date in 2025. If there can be any silver lining... Read More »
by Steve Monroe | Jul 20, 2020 9:33 am | Acquisitions
About 35 years ago, an Ivy League educated pioneer decided to buy a senior living community. His friends and family thought he was nuts. In 1985, after all, it wasn’t exactly the industry where aspiring entrepreneurs went to seek their fame and fortune. So, one Shelly... Read More »
by Steve Monroe | Jul 15, 2020 9:46 am | 60 Seconds, Opinion
Consulate Health Care will have to defend itself again over a 2017 judgment. Three years ago, after a 22-day trial, a jury issued a $347.8 million judgment against Consulate Health Care, Florida’s largest nursing home chain. A year later it was overturned. Now, an... Read More »
by Steve Monroe | Jul 8, 2020 9:49 am | 60 Seconds, Opinion
Congressional report on assisted living and COVID-19 looks more like a hatchet job than really trying to help. Senators Warren and Markey’s report is in, and try counting how many times the word “federal” was used, as in there are no “federal” reporting requirements,... Read More »