Sonida Senior Living, Inc. (the “Company” or “Sonida Senior Living”) (NYSE: SNDA), a leading owner-operator of senior living communities and services announced its December 2021 occupancy. December Highlights December average occupancy increased 40 bps sequentially – in a typically slow seasonal period—from November 2021 to 81.6%—its highest point in 2021. …
Read More »Eagle Senior Living to Restructure to Achieve Healthier Financial Future, Long-Term Success
American Eagle Delaware Holding Company LLC and certain of its subsidiaries (collectively, “Eagle Senior Living” or the “Company”) today announced that they have taken necessary action to complete a comprehensive financial reorganization to achieve a more balanced and sustainable capital structure, creating a stronger foundation for their communities’ long-term success. …
Read More »Chartwell Retirement Residences Announces January 2022 Distribution, Provides Occupancy Update
Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on February 15, 2022 to unitholders of record on January 31, 2022. Unitholders can participate in Chartwell’s Distribution Reinvestment Plan (“DRIP”). Eligible investors registered in the DRIP will have …
Read More »Sienna Announces January Dividend
Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of January 2022, representing $0.936 per Common Share on an annualized basis. The dividend will be payable on February 15, 2022 …
Read More »Sienna Senior Living Inc. Provides Business Update, Announces Addition to its Board of Directors
Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today provided an update on its operations and announced the appointment of Paul Boniferro to its Board of Directors. Operations Update In recent weeks, the Omicron variant has impacted Canadians from coast to coast and further highlighted the challenges faced …
Read More »Edgemere Dallas, Lifespace Communities Announce Forbearance Agreement, Ongoing Discussions to Strengthen Financial Position
Edgemere Dallas (“Edgemere” or “the community”) and Lifespace Communities (“Lifespace”), as owner and operator, announced entry into a forbearance agreement with UMB Bank, as indenture trustee (the “Indenture Trustee”) for the Retirement Facility Revenue Bonds (the “Revenue Bonds”), and Intercity Investment Properties, Inc., as lessor (the “Lessor”) dated December 21, 2021 (the …
Read More »Brookdale Completes $100 Million Refinancing, Prepays Substantially All Remaining 2022 Debt Maturities
Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale” or “the Company”) announced today that it completed another significant financing transaction totaling $100 million. In addition, the Company prepaid substantially all of its remaining 2022 maturities, which will save several million dollars in annual interest expense. On December 20, 2021, the Company obtained $100 million of mortgage …
Read More »Sienna Announces December Dividend
Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of December 2021, representing $0.936 per Common Share on an annualized basis. The dividend will be payable on January 14, 2022 …
Read More »Chartwell Retirement Residences Announces December 2021 Distribution, Provides Occupancy Update
Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on January 17, 2022 to unitholders of record on December 31, 2021. Unitholders can participate in Chartwell’s Distribution Reinvestment Plan (“DRIP”). Eligible investors registered in the DRIP will have …
Read More »Sonida Senior Living Announces November 2021 Occupancy
Sonida Senior Living, Inc. (the “Company” or “Sonida Senior Living”) (NYSE: SNDA), a leading owner-operator of senior living communities and services announced its November 2021 occupancy. November Highlights Occupancy steady at 81.2% Increase of 590 basis points from the pandemic low average monthly occupancy of 75.3% in February of 2021 …
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