Municipal Credit Trends Webinar, Retirement Communities
Featuring a discussion on municipal credit trends across the continuing care retirement community industry in the Americas, our municipals experts Patrick Mohan and Seth Brumby will be conducting a webinar on Thursday, July 22 at 11:00a.m. EST. The industry has seen a wide range of outcomes, including Vicar’s Landing’s recent borrowing of $84.3 million in connection with the expansion of its Ponte Vedra Beach community, the chapter 11 filings of The Harborside and The Buckingham, and defaulted credits that are still exploring options like Glen Hope Harbor and American Eagle.
The team will also discuss how Covid-19 has affected the industry, from advanced Medicare payments, to bond covenants, including occupancy rates, days’ cash on hand and debt service coverage ratios.