LTC Properties CEO: Senior Living Occupancy Recovery Turns Sluggish, Could Extend Recovery Timeline – Senior Housing News

When Wendy Simpson, CEO of LTC Properties (NYSE: LTC), heard a colleague at a different real estate investment trust predict a two-year timeline to senior living occupancy recovery, she thought, “That’s just silly.”

But, she no longer thinks so.

“I think later in the year, we should be able to get a better trend, but I’ve got to admit that I thought it would be faster,” Simpson said during a recent SHN+ TALKS appearance.

Still, the picture is mixed. Though the latest quarterly statistics from the National Investment Center for Seniors Housing & Care (NIC) showed occupancy stuck at historically low levels, LTC tenant Brookdale Senior Living (NYSE: BKD) recently reported positive occupancy trends.

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Tim Mullaney

If he’s not in the newsroom, Tim likes to be on the tennis court or traveling to a new destination. Recent highlights include Sri Lanka and Iceland.