us. and you joining Good morning, everyone for thank
three the and call Before to James environments. our and some topics: update handing the I’ll regulatory since thoughts Bill, last over on a address investment call, activity portfolio
and deals we markets. more sellers First, credit due delays how back way about in talked retrades would frustrated we November, tighter with that be steered as grow the to our anticipated
for to million. and investments for a we the growth three relationships lives maybe deals X pleased and to has report Today, closed opportunities also housing skilled sits blended successfully combined facilities, at improve result that last on occurred have are X.X%. X employees, but only more Since comes patients these flow to call, facilities new increased million. seniors exciting three at CareTrust. million fuel importantly, and stabilized that year, begun the investments start we these not in our transactions, officially this deals today will $XXX $XXX as to has as are meaningful of future at us. believe, The for between new nursing And The operators, company totaling yield $XX these these of deals we in for residents pipeline with
pre-pandemic, way we excluding existing the provider start we three views: very portfolio Since of eligible relief their and expanded coverage overall the periods. shape. pandemic, funds good funds the is relief amortizing the provider Second, to very through in report
level relief September the remained XXXX. strong December portfolio the to for overall XXXX, to funds, at months through property EBITDAR the coverage trailing up XX XX leading Excluding X.XXx compared
I around not that in of March, recently a quarter, $XXX,XXX and CEO nursing million just gave April, one talking skilled far, At we negative then, lease through rent the contractual options XXXX and roughly since XX in top with they no for payment a not of last rent payment November rent operator, February, have call CEO. accounted their Since more had in with partial and last May. replaced terminated – Last week rent. very of they color thus coverage year made last full of are all $X their time rent in They our had quarter’s in them. paid
striving keeping to still the forward are portfolio possible soon this guidance. is of determine from main things us as for best since the status as We path one its issuing
made call, $X have working is and call. As small our facility and from Pennant transitions, housing that to we report dispositions last as of counted region assisted the obtain am have the Department with Health facilities, of to have to begun a million. the retained progress was two Senior the Wisconsin for sold turn around. meaningful approximately one living since for to our to pleased licensure Also previously facilities closely Wisconsin we they facilities Of Group. Noble and strength we transitioned to those seniors since that held-for-sale Services I Pennant last improvements are
others. a end front, have which on operators nonevent operators our of some today, Finally, expires public regulatory the been the for being potentially impacting emergency, health for preparing the while essentially
has implications Additionally, the end the add-on by emergency X.XX% down winds for of the from as the CMS public year. rate the Medicaid health
part, taken and operators by inflation. the to steps states the permanently cost the pandemic the high of most have We address increased are, subsequent due encouraged many for the for to care
to minimum staffing issue last environment requirement relates regulatory Biden the from administration. proposed My for the the
and The some what staffing form said educate is conditions it additional despite believed skilled and is rate severe sit but we what requirement still inflict on a or will that etcetera. hard timeline, generally there make specifically, on phased requirement As or staffing regulators to like generally operators unknown, the here is industry manageable, in is funding nursing healthcare of things be would in employment issued. today, hurdles that a lot working could DC a requirement crisis
We are the hopeful that being the time weighing on that ground seriously taking realities are them. CMS is evidence them of the shared with is
pleased asset through work, leverage main management market. to the maintaining tremendous derisking that challenging further sourcing the heading we bench, for more operator our made into to dividend toward profile off-market returning in June, while and date really a asset So increasing a with expanding year, all priorities the namely our deals, are progress active provides the portfolio acquisitions, flexibility
and activity With that, talk to James about our you will recent pipeline.
