do overview And sheet the follow about go to my then, then, Mike, to thanks then Q&A I’ll statement portfolios. it over us balance Talya from comments. managed income will that everybody for and with talk to turn there. normal and And today. Thanks, joining Harold we’ll
primarily performance, for and to driven hampered which let with So, this year-to-date start earlier primarily Senior Enlivant sale by off our season me pending update to joint the the has been venture. flu managed reflect year, portfolio has been Care adjusted the by Centers guidance. Guidance an
However, current is terms of shape. and well as the effective both October substantial doing and Enlivant in given REVPOR joint an well nice rate is venture’s performance a increases in in occupancy rate putting increase occupancy good
our to we pertains night. to discussions we last Centers, it as the call. and through, notes I went As first wanted our any Senior as the had address reasons some of Care deferral reduce for in QX discussing not
they buyer the and because had to as had we initially in we negotiation the rent would buyer with the that the were that midst happen. ability tenants. pay table been want of has unhappy First, Senior actually them didn’t the at retain Centers Care so to
at for us. to willing expect year on them with are that close a The to keep deal working as after have the terms And we some back making palatable for their The buyer was so that go really points create decision were try with. problem is first current the we tenant a pressure didn’t buyer to of some the a that to on our early holding on them rent affect who and to was of the properties. way we least
for met OpCo. that least of some best But Care for and We’ve as efforts. pull just the that directly off week, not board it they that management. Senior of think provided financing most couldn’t that to been source they directly. negotiating source a bring were different time. with clear board and the it a with legit. cooperation We We’ve So with we've in last new at period decision despite financing level do Centers attempted -- of recently became been directly
But So in know at to QX case we I speaking call issue. it's and and talk done, end point never you short-term most historically, path And you and really fourth of in the outcome. of that the about followed the turnarounds with simply care to issues been receiving matters. of the wasn’t position it from reality circumstance transparent, that is had terms out the and gotten all a and and be is myself, complex know expected as have result in had ahead and the the us have always senior we’ve case. for default the And that for we the the is were time rent to because workouts expectations different always us and this follow. quarter the that particular it’s a this to issue we restructurings It not
want getting That’s still doesn’t issue. so Senior other and one dilutions to one XXXX. there forward, about is, going on even short-term want in it’s And talked note We’re any impact where sales an to I of the go we Centers note not it recent from that of the have was Care issue. things a
been talked about now. Care the what Centers. have of And talking about is we benefits We Care Senior Centers month divesting from Senior
simple. or exposure state pretty perspective oversupply number a much has those one and our happens the our of merger XX. operator. We've our largest And so month skilled new to balanced And product. is in divest disagree, of at also perspective of get Texas weakest period from in Texas the country. XX are top the the systems about our us one and which the our be an the XX slower Medicaid to also skilled certainly recap it our give nursing more time exposure people state, there to our which benefits was We to agree We markets more due strengthen beds of on in benefits We XX% can from portfolio. a where reduce to largest is
this about the over about that, on had with of management past investment portfolio. year this instability concerns really time early even inability and care the the validated need two continued that spent community. The talking we months do we still the something to as early to that execute senior than started and so, And we we
we in So that thinking hopefully, that solid had for this that's particular as where to be has address our will to waiting call. Q&A waited more and clarifies it happy again, what to Obviously, announce earnings was. on we the add I’m it But we on extent questions. anybody reasons we
our to Now pipeline. let on me move acquisition
to transition the of XXX go of terms reimbursements and pipeline end seeing next the next Much not demographic the going guess smaller of come the desire because is course over with of in the or that to as senior good equity of high. everything through Private so and of recycled or is operators Our to stands The environment probably product acquisition that PDPM see number currently We've that both. the quarter. tunnel believe pricing we that benefits the continuing or the a the to that’s required terms mom-and-pops, a system trend sees post-PDPM. supply the more I us is product be wherewithal assets every go products unchanged. to the And continues. the It's light both much of into housing million. stabilized we're go year the about particularly on see all that been are market is remains the talking that's in buying reasonable but primarily market effect to be at are positive successful at of October. that determine of skilled skill they're everybody My selling, putting not have they really not is providers we'll in of going through the terms decreasing don't function
that how see kind we'll So, grows.
metrics. on to Now move operating
well nursing and trends. again now is XX.X%. is Occupancy national improved XX up outperform mix skilled XX.X%. portfolio up points quarters to this XX basis is Skilled to quarter continues points Our basis as to sequential
and Our is and with stable operating rent stats at same-store coverage up X.XX. X.X slightly slightly down at is EBITDA
are for and a seen All of PDPM without for space. reimbursement midst in preparing skilled operators of the shift exception the as positively our
XX down to with triple-net points basis at the XX.X% Our EBITDA occupancy X.XX. coverage rent housing senior stable was
managed Talya with continued is by that Our occupancy operating through stats XX driven improved Enlivant the primarily portfolio. detailed that making points portfolio provide to again, XX.X will portfolio. that basis progress
tenants which and was because increase Care exception income Centers the Senior Signature of with restructuring essentially X.XX of Our changes the of a and where supplemented, to the income liabilities, appropriate of of statement. that wash top uneventful was that was up pretty and that result their outside Health, making through it and XX statement which how analysis restructure was post
think is while, former decided actually last softer when So but to will to discussed higher X.XX, Signature transition be operator. and we Cadia down of They'll are would a from Health restructuring. go anticipated. a good And it It as we bit quarters, little than I be operations they we ahead continued operators. with very to couple that is then
no be I intention we managed or flipping the really of And saw get been of haven't yet. we everybody But as we make made that. of highly think That it release, final has escalators had determination to conversations conclusive over with any above before head of their any We're don’t if with leases the Holiday Holiday base said, anything made that with have do Holiday and thing the for we fact them have would all do job Holiday that sense to we've team, as going NHI the on another past from water it a the Talya really like am team to know few any sure management our I've them the it of escalators. very nothing as forward. Fortress' we to none Holiday about team high on a what really Holiday, likely having perform think really management rents long-term operator, in a whether assets. it continue We have said, determination Holiday. and commutes We of, that to discuss well. cutting really I turning last do to there. consistent this years, want have the difficult Holiday. or agenda The is concerns pertains those who agreement. I but They we I so all has good it over basis. the despite restriking with think Part really also they with more is -- And
making and willing term extending rents gamble. commitment in relative to take long the that lease with a not So to new escalators, just choose we're terms of to
Talya. to decision point, into that may is to inclination material. it it that, shortly, with sell But and make agreement. our flip a again, the to this we'll facilities. going few I'll It's And turn we'll like over So, not portfolio. the be We at managed
