Occupancy On the Rebound
In the top 31 markets in the U.S., seniors housing occupancy has posted its third consecutive quarterly increase, according to NIC MAP data. Combining assisted and independent living, the first quarter of 2022 posted a 20-basis point increase from the previous quarter to 80.6%, and up 250 basis points from the first quarter of 2021. While smaller than we would like to see, we will take it. The pandemic low was 78.0% in the second quarter of 2021, according to the data. Assisted living posted the largest increase in census among the three major categories, increasing by 50 basis points from the fourth quarter to 77.9%. This is up 370 basis points from the pandemic low of 74.2% in Q2... Read More »
Covering the Capital Markets with Chris Callahan of X-Caliber Capital
Ben Swett sat down with Chris Callahan of X-Caliber Capital to discuss the senior care M&A market, capital market issues and new construction in the industry. Read More »Activists Strike Again, But Fall On Deaf Ears
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 does. As is his way, Litt tried to get a position on the Ventas Board, and after meeting with two separate groups of directors, he apparently thought that he made a good impression and had swayed them. Wrong. Right after his March 7 letter to Ventas shareholders, Ventas announced the appointment of a new board member, but his name was not Litt. Extremely qualified, yes, but not Litt. In Litt’s letter, he indicated his “tremendous... Read More »A Conversation on the Bridge Lending Market with Oxford Finance
The industry is emerging from the pandemic, but new issues are always arising, so how are lenders reacting and how do they distinguish pandemic problems from provider problems? Ben Swett sat down with Kevin Harbour and Tracy Maziek of Oxford Finance to discuss the state of the bridge lending market in a rising interest rate environment. Read More »Brookdale Provides Update
Brookdale Senior Living just released its occupancy update for February, and our first take was that things need to be better than that. Then, we remembered our late 2020 analysis which showed that assisted living occupancy has never increased in the first quarter for each of the past 10 years. Therefore, we should not expect too much this quarter. In this light, Brookdale’s census outlook is not too bad. From January to February, the weighted average occupancy dropped just 10 basis points to 73.3%. Even better, the month-end occupancy increased by 20 basis points from the end of January to 74.4%. The problem is that census at the end of September was 74.2%, so we have seen little overall... Read More »Schedule a demo
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