Articles from Diversified Healthcare Trust

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $140 million mortgage financing secured by 14 senior living communities located in nine states and consisting of 1,375 units that are managed by Five Star Senior Living, an operating division of AlerisLife Inc. This non-recourse, three-year loan has an initial maturity date of March 31, 2028, and two one-year extension options, subject to certain conditions. DHC intends to use the loan proceeds to redeem a portion of its outstanding 9.750% senior notes due 2025.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has elected Alan Felder to its Board of Trustees as an Independent Trustee, effective immediately.

Diversified Healthcare Trust (Nasdaq: DHC) today announced the closing of the previously announced sale of 18 triple-net leased senior living communities to Brookdale Senior Living Inc. (NYSE: BKD) for $135 million, a valuation of approximately $154,000 per unit. The 18 communities include 876 units located across 10 states.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today announced it has completed the $159.0 million sale of MUSE, a 186,000 square foot, three building life science property located in Torrey Pines, San Diego. At the time of sale, the property was 49% leased, with a weighted average lease term of over eight years. DHC plans to use the proceeds from the sale to pay down its senior secured notes due in January 2026.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2024 financial results after the Nasdaq closes on Tuesday, February 25, 2025. On Wednesday, February 26, 2025 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows:

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on January 27, 2025 and distributed on or about February 20, 2025.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that Anthony Paula has been appointed Vice President.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on October 28, 2024 and distributed on or about November 14, 2024.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its third quarter 2024 financial results after the Nasdaq closes on Monday, November 4, 2024. On Tuesday, November 5, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced it has entered into a purchase and sale agreement with Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale”) whereby Brookdale will acquire 18 triple net leased senior living communities that Brookdale currently leases from DHC for $135 million. Brookdale has leased and operated these 18 communities since February 2003. The 18 communities include 876 units located across 10 states serving primarily assisted living residents as well as memory care residents. DHC intends to use the proceeds from the transaction to pay down its $941 million of senior secured notes due January 2026.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its second quarter 2024 financial results after the Nasdaq closes on Thursday, August 1, 2024. On Friday, August 2, 2024 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Executive Officer Chris Bilotto and Chief Financial Officer and Treasurer Matt Brown will be presenting at Nareit’s REITweek 2024 Investor Conference in New York, NY on Tuesday, June 4, 2024 at 3:00 p.m. Eastern Time.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $120 million mortgage loan secured by eight properties within DHC’s Medical Office and Life Science Portfolio, located in seven states and consisting of approximately 725,000 square feet. As of March 31, 2024, the weighted average remaining lease term for these properties was 5.4 years and the occupancy rate was 93%. The non-recourse loan has an implied capitalization rate of 7.2% based on the aggregate appraised value for the collateral properties and a loan to value ratio of approximately 50%.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on April 22, 2024 and distributed on or about May 16, 2024.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2024 financial results after the Nasdaq closes on Monday, May 6, 2024. On Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2023 financial results after the Nasdaq closes on Monday, February 26, 2024. On Tuesday, February 27, 2024 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2023 income tax reporting purposes is as follows:

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on January 22, 2024 and distributed on or about February 15, 2024.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has consummated the offering of an aggregate principal amount of $941 million of senior secured notes due January 2026, with a 12-month extension option, subject to the satisfaction of certain conditions and payment of an extension fee. The sale of the notes generated approximately $750 million in gross proceeds before issuance costs and will accrete at a rate of 11.25% annually, compounded semi-annually. If the 12-month extension option is exercised, interest payments will be due semi-annually during the extension period at an initial interest rate of 11.25% with increases of 50 basis points every 90 days that the notes remain outstanding. The notes are guaranteed on a joint, several and senior secured basis by subsidiaries of DHC that own the properties comprising the collateral for the notes and on a joint, several and unsecured basis by all subsidiaries of DHC that previously guaranteed its existing senior notes due 2025 and 2031. DHC believes that the collateral properties have an estimated fair value of approximately $1.57 billion.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has priced an aggregate principal amount of $941 million of senior secured notes due January 2026, with a 12-month extension option, subject to the satisfaction of certain conditions and payment of an extension fee. The notes will generate approximately $750 million in gross proceeds before issuance costs and will accrete at a rate of 11.25% annually, compounded semi-annually. If the 12-month extension option is exercised, interest payments will be due semi-annually during the extension period at an initial interest rate of 11.25% with increases of 50 basis points every 90 days that the notes remain outstanding. The closing is expected to occur on December 21, 2023, subject to the satisfaction of customary closing conditions. The notes will be guaranteed on a joint, several and senior secured basis by subsidiaries of DHC that own the properties comprising the collateral for the notes and on a joint, several and unsecured basis by all subsidiaries of DHC that guarantee its existing senior notes due 2025 and 2031. DHC believes that the collateral properties have an estimated fair value of approximately $1.57 billion.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2023, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its third quarter 2023 financial results after the Nasdaq closes on Wednesday, November 1, 2023. On Thursday, November 2, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Matt Brown will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced changes to its Board of Trustees and executive leadership team, and other actions to address its near term capital needs, including DHC’s pending debt maturities.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they have mutually agreed to terminate their previously announced merger agreement dated April 11, 2023, pursuant to which OPI had agreed to acquire all outstanding common shares of DHC. Accordingly, the companies have cancelled their respective Special Meetings of Shareholders scheduled for September 6, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) today announced that they will convene and immediately adjourn their respective Special Meeting of Shareholders scheduled for today on the pending business combination transaction between OPI and DHC (the “Special Meetings”) in order to continue ongoing discussions with representatives of OPI and DHC and their respective shareholders.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced it has mailed a letter to shareholders from the DHC Special Committee and Board of Trustees outlining the independent trustees’ successful track records of value creation and the robust process they oversaw to maximize value for DHC shareholders, which resulted in the pending merger with Office Properties Income Trust (Nasdaq: OPI). A Special Meeting of DHC Shareholders related to the pending merger will be held on August 30, 2023, and shareholders are encouraged to vote their shares as soon as possible.

Diversified Healthcare Trust (Nasdaq: DHC) yesterday released a presentation outlining the reasons shareholders should vote to approve its pending merger with Office Properties Income Trust (Nasdaq: OPI) ahead of its Special Meeting of Shareholders, scheduled for Wednesday, August 30, 2023. The presentation has been filed with the U.S. Securities and Exchange Commission and is available at www.dhcreit.com/mergerofdhcandopi.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has mailed a letter to shareholders in connection with the upcoming August 30, 2023, Special Meeting of DHC Shareholders related to the Company’s pending merger with Office Properties Income Trust (Nasdaq: OPI). The letter has been filed with the U.S. Securities and Exchange Commission and is available at www.dhcreit.com/mergerofdhcandopi with other materials related to the Special Meeting.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment.

Diversified Healthcare Trust (Nasdaq: DHC) today announced the filing of definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with DHC’s pending merger with Office Properties Income Trust (Nasdaq: OPI). The DHC Board of Trustees unanimously recommends that shareholders vote “FOR” the proposal to approve the merger agreement with OPI.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on July 24, 2023 and distributed on or about August 17, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its second quarter 2023 financial results after the Nasdaq closes on Tuesday, August 1, 2023. On Wednesday, August 2, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that a non-monetary event of default has occurred under its $450 million credit facility. The facility requires DHC to maintain collateral properties with an aggregate appraised value of at least $1.09 billion. The facility allows the facility’s administrative agent to periodically reappraise the collateral properties and, on June 23, 2023, the administrative agent notified DHC that the reappraised value of the 61 medical office and life science properties securing the facility had declined from $1.34 billion to $1.05 billion, below the $1.09 billion threshold required under the facility. The appraised values of the collateral properties securing the facility declined 22% since they were last appraised in January 2021.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update regarding the recent performance of its Senior Housing Operating Portfolio, or SHOP, segment. The Company also provided additional insight into the calculation of its debt incurrence covenant that prohibits it from refinancing or issuing new debt.

Diversified Healthcare Trust (Nasdaq: DHC) today provided an update of its Senior Housing Operating Portfolio, or SHOP, performance. DHC believes the SHOP performance comparison of the 2023 periods to the comparable pre-Covid periods in 2019 provides useful information for investors in evaluating the overall recovery in DHC’s performance.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will now host a conference call on Tuesday, May 9, 2023 at 11:00 a.m. Eastern Time, with President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel discussing first quarter results. As previously announced, it will issue a press release containing its first quarter 2023 financial results after the Nasdaq closes on Monday, May 8, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2023 financial results after the Nasdaq closes on Monday, May 8, 2023. On Tuesday, May 9, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on April 24, 2023 and distributed on or about May 18, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has entered into a definitive merger agreement with Office Properties Income Trust (Nasdaq: OPI), pursuant to which OPI will acquire all of the outstanding common shares of DHC in an all-share transaction. The transaction was unanimously recommended by special committees of the respective Board of Trustees of OPI and DHC, comprised of independent, disinterested trustees, and unanimously approved by the respective Board of Trustees. OPI will be the surviving entity in the merger and intends to change its name to “Diversified Properties Trust” upon closing of the transaction and is expected to trade on The Nasdaq Stock Market LLC.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2022 financial results after the Nasdaq closes on Wednesday, March 1, 2023. On Thursday, March 2, 2023 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has amended its credit facility. The key terms of the amendment include:

Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2022 income tax reporting purposes is as follows:

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to DHC’s common shareholders of record as of the close of business on January 23, 2023 and distributed on or about February 16, 2023.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended September 30, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This quarterly dividend will be paid to common shareholders of record as of the close of business on October 24, 2022 and distributed on or about November 17, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its third quarter 2022 financial results after the Nasdaq closes on Wednesday, November 2, 2022. On Thursday, November 3, 2022 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended June 30, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has acquired 47071 Bayside Parkway located in Fremont, CA for $82 million, excluding closing costs, reflecting a current GAAP cap rate of 6.5% at closing. The recently renovated asset includes 89,000 rentable square feet of lab and corporate headquarters space that is 100% leased to Alamar Bioscience through January 2034. The property is located along the Central I-880 corridor, an established and growing life science submarket of the San Francisco Bay area.

Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This quarterly dividend will be paid to common shareholders of record as of the close of business on July 25, 2022 and distributed on or about August 18, 2022.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its second quarter 2022 financial results after the Nasdaq closes on Wednesday, August 3, 2022. On Thursday, August 4, 2022 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Jennifer Francis and Chief Financial Officer Richard Siedel will host a conference call to discuss these results.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint venture partner for a purchase price of approximately $108 million. The purchasing partner now owns a 45% interest in the joint venture, another partner continues to own a 45% equity interest, and DHC owns the remaining 10% equity interest. The purchase price for the 10% equity interest is based on a property valuation of $1.7 billion, less the $620 million of existing secured debt on the property.

Diversified Healthcare Trust (Nasdaq: DHC) announced the results of its 2022 Annual Meeting of Shareholders which was held today. The results of the Annual Meeting of Shareholders were as follows.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Executive Officer Jennifer Francis will be presenting at Nareit’s REITweek: 2022 Investor Conference in New York, NY on Wednesday, June 8, 2022 at 3:30 p.m. Eastern Time.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that President and Chief Executive Officer Jennifer Francis and Chief Financial Officer and Treasurer Rick Siedel will be participating in meetings with investors at the 22nd Annual B. Riley Securities Institutional Investor Conference in Beverly Hills, CA on Wednesday, May 25th, 2022. For additional information or to schedule a one-on-one meeting with DHC management, please contact your B. Riley Securities representative.