LTC Properties (NYSE: LTC) leadership doesn’t expect to see a big change to rent deferrals and abatements in the first quarter of 2022 as the real estate investment trust (REIT) awaits more permanent occupancy gains and continues transitioning underperforming facilities. Despite rent challenges, the Westlake Village, Calif.-based REIT is pleased at the rate it is […]
LTC Properties
After skilled nursing occupancy recovery declined in September for the first time in seven months, some analysts are concerned that consistent staffing shortages will impact the real estate investment trusts who are landlords to operators nationwide, at least in the near-term, according to a Dec. 8 note from BMO Capital Markets. National data collected from […]
Despite labor shortage strains causing some LTC Properties (NYSE: LTC) tenants to continue requests for incremental rent deferrals and abatements, the real estate investment trust (REIT) says it’s “fairly confident” in occupancy recovery and reduced need for rent deferrals in the new year. “The rent support we’ve been giving to this small subset of operators […]
In this Priorities, Plans & Perspectives interview, Skilled Nursing News sits down with Pam Kessler, Co-President and CFO of LTC Properties, to learn how she drives results by maintaining flexibility and doing whatever it takes to support her team members in achieving their own objectives. Read on to discover how Kessler is advocating for health […]
Real estate investment trust LTC Properties (NYSE: LTC) late Tuesday announced it entered into a settlement agreement with Senior Care Centers and Abri Health Services, collectively known as the “Lessee,” among others. The settlement — approved in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division — includes a one-time payment of […]
Several factors continue to push patient care inside the home including health care waivers, patient preference, proposed legislation and an incentive to keep patients out of hospitals during the pandemic, as 32 states now offer hospital care at-home services as of July 27. While the clinical capabilities of in-home care remain limited, some operators are […]
Leaders with LTC Properties (NYSE: LTC) are encouraged by skilled nursing occupancy trends, but the real estate investment trust (REIT) is still awaiting resolution on the bankruptcy of SNF operator Abri Health Care, formerly Senior Care Centers, and its Q2 2021 earnings took a hit from rent deferrals and abatements. Portfolio properties are no longer […]
LTC Properties says they’re not seeing many investment opportunities in the skilled nursing space currently, but their approach hasn’t changed — they remain committed to the space. Pricing has been surprisingly robust compared to other senior sectors such as private-pay senior living due to financial support provided by the CARES Act Provider Relief Fund. Total […]
The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) are making another push for the federal government to release the remainder of the Provider Relief Fund (PRF) established by the CARES Act. This comes at the heels of the organization’s most recent survey, which revealed that only a quarter of nursing homes […]
Chicago-based specialty investment bank Ziegler last week announced it closed on $44,415,000 Series 2021 Bonds for a 47-acre CARF Accredited not-for-profit continuing care retirement community in Durham, North Carolina. Based just south of Duke University in Durham, North Carolina, The Forest at Duke opened in 1992 and serves as a Type B life care community […]
The private sector has become more interested in investing in skilled nursing assets this past year into 2021, thanks to less competition from the public sector and (in some cases) distressed sales due to the pandemic. Public skilled nursing facility (SNF) owners like LTC Properties, Welltower Inc. and Omega Healthcare, meanwhile, are less inclined to […]
With vaccines administered to seniors at high rates, LTC Properties, Inc. (NYSE: LTC) is optimistic that new residents will be coming back to skilled nursing facilities and senior living properties — and though it’s not clear how quickly census will recover, CEO and chairman Wendy Simpson is encouraged by the “anecdotal evidence” from the real […]
A international group of 95 investment firms with holdings in post-acute and long-term care companies on Thursday called on the industry to bolster care and raise wages for frontline caregivers in the wake of the COVID-19 pandemic. “As the sector recovers, and we reflect upon the damage to our societies and the loss of human […]
LTC Properties (NYSE: LTC) late Thursday announced that it will transition 11 skilled nursing facilities currently controlled by Abri Health Services/Senior Care Centers to a new operator after sending a notice of default over non-payment of March rent. The Texas-based HMG Healthcare will assume operation of the 1,400-bed portfolio sometime in the second quarter of […]
Executives at LTC Properties (NYSE: LTC) on Friday struck an upbeat tone about some of the top pressure points for health care real estate investment trusts (REITs) amid the ongoing pandemic, including a troubled tenant and the significant shift of patient volume to home health. Genesis HealthCare (NYSE: GEN), the nursing home giant that spurred […]
The COVID-19 vaccines being distributed in skilled nursing and long-term care facilities constitute a light at the end of the tunnel, at least in terms of the clinical ravages inflicted in SNFs and other institutional settings. But it’s far from clear what effect that will have on the number of patients and residents in those […]
As the calendar turns, the post-acute and long-term health care space looks to apply the punishing lessons learned during the pandemic year of 2020. Every January, SNN rings in the new year by asking top executives from all areas of the landscape — from operators to real estate investors to therapy partners — for their […]
Skilled nursing and senior living landlord LTC Properties (NYSE: LTC) will reduce rent escalators for its tenants by 50% in 2021, the real estate investment trust (REIT) announced Thursday. The move will bring a $560,000 revenue hit to the Westlake Village, Calif.-based LTC for the first quarter of the new year, along with a $1.4 […]
If there’s been one constant in 2020, it’s been uncertainty — and the post-acute and long-term care landscape has seen more than its fair share. For operators and the residents they serve, that murkiness has taken the form of shifting mandates, questions about reopening their properties to vital visits from family and friends, and the […]
While many sectors of the U.S. need a successful vaccine to truly recover from the effects of the COVID-19 pandemic, it is especially paramount for skilled nursing facilities, Mark Parkinson, president and CEO of the American Health Care Association (AHCA), said on Friday. Parkinson made that point during a guest appearance on the third-quarter earnings […]
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