Diversified Healthcare Trust beat expectations for its second-quarter results, driven by continued recovery in its senior housing operating portfolio, President and CEO Chris Bilotto said during a second-quarter earnings call. Bilotto said that the Newton, MA-based real estate investment trust’s SHOP segment continues to benefit from strong sector fundamentals and money spent to upgrade the portfolio’s senior living communities over the past several years. During the quarter, the company invested $34 million in capital, including $29 million in its SHOP communities, where it sees continued upside in net operating income and occupancy growth, according to Vice President Anthony Paula.
Read the full article: Diversified Healthcare Trust, ‘Bullish’ on Senior Living, Is Increasing the Concentration in Its Portfolio //
Source: https://www.mcknightsseniorliving.com/news/diversified-healthcare-trust-bullish-on-senior-living-is-increasing-the-concentration-in-its-portfolio/