Welcome to our dedicated page for Diversified Healthcare Tr news (Ticker: DHC), a resource for investors and traders seeking the latest updates and insights on Diversified Healthcare Tr stock.
Diversified Healthcare Trust (Nasdaq: DHC) is a Maryland real estate investment trust focused on owning high-quality healthcare properties across the United States. Its portfolio includes senior living communities, medical office buildings and life science properties, and the trust is managed by The RMR Group, an alternative asset manager specializing in commercial real estate. This news page aggregates company announcements and market updates related to DHC’s operations, portfolio and capital structure.
Readers can find press releases on quarterly and annual financial results, including summaries of performance for the senior housing operating portfolio (SHOP) and the office and life science properties. DHC regularly issues updates on its capital recycling program, such as the sale of non-core properties and the use of proceeds to repay or refinance debt, including senior secured notes. News items also cover changes in the operator base for DHC’s senior living communities, including the transition of management agreements from AlerisLife Inc. to multiple senior living operators.
In addition, this feed includes announcements of regular quarterly cash distributions on DHC’s common shares, along with explanations of the factors the Board of Trustees considers when setting distribution rates. Coverage may also reference DHC’s participation in joint ventures, such as its minority equity interest in a venture that owns Vertex Pharmaceuticals Incorporated’s headquarters in the Boston Seaport district, as disclosed by The RMR Group.
Investors and observers who follow DHC’s news can use this page to monitor developments in its healthcare real estate portfolio, debt financing activities, operator transitions and distribution declarations. For those analyzing DHC stock, the news stream provides context on how the trust manages its properties, capital and relationships with operators and tenants over time.
Diversified Healthcare Trust (DHC) has closed a $140 million mortgage financing secured by 14 senior living communities across nine states, comprising 1,375 units managed by Five Star Senior Living. The non-recourse loan features:
- Three-year term with March 2028 initial maturity and two one-year extension options
- Variable interest rate: SOFR plus 2.50% margin
- 24-month interest-only payments with two possible six-month extensions
- One-year interest rate cap with 4.50% SOFR strike rate
- 62% loan-to-value ratio
- 7.0% implied capitalization rate ($163,500 per unit)
DHC plans to use proceeds to redeem part of its 9.750% senior notes due 2025. The company expects to close $200 million in additional secured financings within 45 days and currently holds $145 million in cash.
Diversified Healthcare Trust (Nasdaq: DHC) has appointed Alan Felder as an Independent Trustee to its Board of Trustees, effective immediately. Felder brings over 20 years of experience from UBS Investment Bank, where he most recently served as Head of Real Estate, Lodging and Leisure, Americas.
During his tenure at UBS, Felder held various leadership positions, including Head of Private Financing Markets, Americas and Managing Director in the Mergers and Acquisitions Group. Prior to UBS, he worked in investment banking at Donaldson Lufkin & Jenrette, specializing in capital markets and M&A transactions. Felder, a Wharton School graduate, will serve on DHC's Audit Committee. The appointment was facilitated by Korn Ferry, assisting DHC's Nominating and Governance Committee.
Seven Hills Realty Trust (SEVN) has appointed Matthew Brown as Chief Financial Officer and Treasurer, effective March 10, 2025. Brown, currently a Senior Vice President at The RMR Group (RMR), will succeed Fernando Diaz, who is resigning effective March 9, 2025.
Brown brings extensive experience from his tenure at RMR since 2007, where he oversees accounting, finance, and tax operations. As a certified public accountant, he also serves as CFO of Diversified Healthcare Trust (DHC). The company noted that Diaz's departure was not due to any disputes with SEVN, Tremont Realty Capital, or RMR.
Service Properties Trust (Nasdaq: SVC) has announced key leadership changes effective March 10, 2025. Chris Bilotto has been appointed as Managing Trustee, President and Chief Executive Officer, succeeding John Murray as Managing Trustee and Todd Hargreaves as President and Chief Investment Officer.
Bilotto, currently an Executive Vice President at The RMR Group (Nasdaq: RMR), oversees the acquisition platform, asset management for hotel and senior living properties, and property development across the United States. He joined RMR in 2011 after working in various management roles at General Growth Properties. Bilotto also serves as Managing Trustee, President and CEO of Diversified Healthcare Trust (Nasdaq: DHC).
The company noted that the resignations of Murray and Hargreaves, effective March 9, 2025, were not due to any disputes with SVC or RMR.
Diversified Healthcare Trust (DHC) has completed the sale of 18 triple-net leased senior living communities to Brookdale Senior Living Inc. (BKD) for $135 million, representing approximately $154,000 per unit. The portfolio comprises 876 units across 10 states.
DHC will utilize the sale proceeds to reduce its senior secured notes due in January 2026. Following this payment and the previous reduction from the $159.0 million MUSE building sale in San Diego in January, the outstanding balance of these senior secured notes will be approximately $647 million.
According to CEO Chris Bilotto, this divestment aligns with DHC's strategy to focus on high-performing communities with significant upside potential while reducing leverage to better position for future value-enhancing opportunities.
Diversified Healthcare Trust (DHC) has announced its financial results for the fourth quarter ended December 31, 2024. The detailed results are available in the Quarterly Reports section of the company's website. DHC will host a conference call to discuss these results on Wednesday, February 26, 2025 at 10:00 a.m. Eastern Time.
Investors can access the call by dialing (877) 329-4297 from the US and Canada, or (412) 317-5435 from other locations. A replay will be available for one week at (877) 344-7529 with pass code 8448634. Additionally, a live audio webcast will be accessible on DHC's website, with an archived version available after the call.
Diversified Healthcare Trust (DHC) has completed the sale of MUSE, a life science property in San Diego, for $159.0 million. The property, spanning 186,000 square feet across three buildings in Torrey Pines, was 49% leased with a weighted average lease term exceeding eight years at the time of sale.
DHC plans to utilize the proceeds to reduce its senior secured notes due in January 2026. Additionally, DHC provided an update on its previously announced $135 million sale of 18 triple net leased senior living communities to Brookdale Senior Living, which is expected to close in the first quarter of 2025.
Diversified Healthcare Trust (DHC) has scheduled its fourth quarter 2024 financial results announcement and conference call. The company will release its financial results after Nasdaq's closing on Tuesday, February 25, 2025. A conference call led by President and CEO Christopher Bilotto and CFO Matt Brown will follow on Wednesday, February 26, 2025, at 10:00 a.m. Eastern Time.
Investors can access the call via telephone at (877) 329-4297 for U.S. and Canada, or (412) 317-5435 for international calls. A replay will be available until March 05, 2025, at (877) 344-7529 using pass code 8448634. Additionally, a live audio webcast will be available on www.dhcreit.com, with an archived version accessible after the call.
Diversified Healthcare Trust (DHC) has announced its dividend allocation for 2024 tax reporting purposes. The company will distribute four quarterly dividends of $0.01 per share, totaling $0.04 per share for the year. The dividends are scheduled for payment on February 15, May 16, August 15, and November 14, 2024.
According to the tax characterization, the entire dividend amount ($0.0400 per share) is classified as Return of Capital. There are no allocations to Ordinary Income, Section 199A Dividends, Qualified Dividends, Capital Gains, or Unrecaptured Section 1250 Gains.
Diversified Healthcare Trust (Nasdaq: DHC) has declared its regular quarterly cash dividend. The company will distribute $0.01 per share, equivalent to an annual rate of $0.04 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the payment scheduled for February 20, 2025.
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