Skilled Nursing News October 11, 2024
The nursing home sector is on a positive trajectory, and real estate investment trusts (REITs) at the forefront of investments say that stability is favoring greater deal activity in the sector.
Despite challenges in staffing, rising operational expenses, and increasing regulatory burdens, particularly in certain states, executives from National Healthcare Investors (NYSE: NHI) and CareTrust REIT (NYSE: CTRE) expressed optimism about the sector’s future. They pointed out that as occupancy has steadily improved, agency labor use has decreased, and there are more opportunities for stable deals in regions with increasing Medicaid reimbursement rates.
As a result, both CareTrust and NHI have seen steady expansion in 2024.
For NHI, its aggressive growth is underlined by its acquisition this week of a...
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