LTC’s Simpson: COVID-19 Could Drive Private Equity Investors Away from Skilled Nursing
April 9, 2020 | Alex Spanko | Skilled Nursing News
Private equity dollars have driven the conversation in skilled nursing over the last few years, as the publicly traded real estate investment trusts (REITs) looked to cut their dependence on government-reimbursed tenants.
But the COVID-19 pandemic could shake that up, at least according to LTC Properties (NYSE: LTC) CEO Wendy Simpson.
“We are thinking that maybe private equity is not going to think that this is a great industry in which to invest in the future, and so maybe we will have less competition when this finishes, this crisis is over,” Simpson said on a Thursday webinar hosted by the National Investment Center for Seniors Housing & Care.