Senior Housing News November 1, 2024
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Another REIT has joined the RIDEA bandwagon.
During a third quarter earnings call on Oct. 29, LTC Properties (NYSE: LTC) CEO Wendy Simpson said she was a “new convert” of the RIDEA operational structure.
“For those of you who have followed us a long time, you know how anti-RIDEA I have been in the past. I am a new convert, and you know what converts do? They go in big time,” Simpson said during the company’s recent earnings call.
LTC is the latest REIT to pivot toward RIDEA. In recent years, other senior living ownership groups have sought to have a greater hand in operational performance and create shared upside using these...
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