![]() ![]() The data collection method focuses on the material object “hotel companies” and uses secondary data available in different sources. First, companies are being pressured by different interest groups to contribute to the achievement of the SDGs second, a very high percentage of companies are not even sensitive to the fact that the SDGs are important for their sustainability thirdly, researchers, especially those in the social sciences, have not generated knowledge about the state of the SDGs in companies and fourth, the tourism sector is important for the achievement of the SDGs. Their window remains open and they have until the end of the month to exercise that renewal, which they have the unilateral right to exercise.This research is important for several reasons. “We’re encouraged to see continued capital improvement in the Brookdale portfolio. LTC last year provided the nation’s largest senior living operator with $4 million for capital improvements, $3 million of which has already been put to use. “We continuously have negotiations with Brookdale,” Malin said. One important operator relationship for LTC – Brookdale Senior Living (NYSE: BKD) – represents 75% of GAAP income for 2023. But LTC believes it has financing structures and relationships that will lead to deals getting done.Īnd while LTC would prefer to own their communities, making deals with operator purchase options is something the company will consider, especially if it opens the door to a new operator relationship. For LTC, the ability to grow aggressively in 2023 hinges on strong relationships with lenders and operators.īanks have been tightening their belts for months as interest rate hikes impact their balance sheets. “After closing this investment, we will have eclipsed last year’s investment total early in 2023,” Malin said in the company’s fourth-quarter earnings call. Those JVs are part of LTC’s larger investment pipeline for 2023, which Malin estimated at $150 million dollar, most of which will be off-market. “Access to capital has gotten tired from traditional sources, making flexible creative REITs like LTC more competitive in the marketplace,” Simpson said. The 11-property JV announced in January gives ALG Senior the option to buy as much as half of the properties at the beginning of the lease’s third year and the entire portfolio at the beginning of the fourth year. The investment in Georgia comes about two months after the company started the new year by closing a $128 million JV for 11 assisted living and memory care communities in North Carolina with ALG Senior, an affiliation of an LTC partner. In the next few days, LTC plans to close on a $51 million joint venture in Georgia with an existing LTC partner, according to Co-President and Chief Investment Officer Clint Malin. ![]() That momentum has carried over into the new year, according to Simpson. Last year, the Westlake, California-based real estate investment trust (REIT) invested more than $170 million in its portfolio, representing the company’s most active year for investments since 2015. ![]() Despite the long road to recovering occupancy lost during the pandemic, LTC’s appetite for growth remains strong. ![]()
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