our trends, and now you, activities. everyone. will I recent operating quarterly operating morning results and two results good provide Tom investment two additional and Thank review topics. details One on
in recent I optimistic Senior increase basis of in results. fourth last On the quarter show, It Housing quarter Sequentially are this QX to segment, supply narrowing year-over-year. specifically increase best points We while the our demand trend, pick-up. basis we reached third occupancy a occupancy impact beginning year-over-year quarter occupancy quarter to the starting XX one the has Assisted is of earnings and is discussed not occupancy over are performance the appears revenue growth have the inflection we particularly points in Living since that as portfolio. an make XXX does cautiously quarter, about XXXX, - has GAAP on wane point new occupancy call our by been seen encouraged of and
basis saw XX in portfolio basis of also We sequential increase a driving Housing one points occupancy point. our coverage of Senior triple-net
in whereas of rate lower market by X.X% X.X% growth driven U.S. experience growth elevated international in core remains market Expense growth growth. masked by reported somewhat labor. Our
solutions We in shift, and of greater use such labor model. the continue analytical look arena, to for smart efficiency on to drive winner as technological greater amongst others
are to the We beginning see results.
XX For example, month employee implementing turnover, sunrise XX% arena, day a in decrease decrease in XX seen days turnover. since have and employee XX
working demand look are equation is starting side actively brighter. labor to to the we of challenges, mitigate While the
year by that later is handful true an equal our it next the plus of of to significantly population are customers age and the will below medium still number here mark, explosive to up into that growth is definition age XX and begin population suggests weigh, year. starting that this a While grow
be confident post skilled to V-shape is of Meanwhile increased that that industry a acute also it have appears assets the pricing Capital the to deployed space. are fundamentals materially are of while business, under-met. unlikely in recovery nursing in slot it We due getting
creation. market year, coverage that XX At Genesis during plus value yield. and coverage example, represents of million assets this quarter at below first that market sold rent $XX For X.XX% the we million of $XXX for were
[indiscernible] significantly few at better you only ago a materially bought months recall price assets As cheaper in and we a structure. credit would
this around times worth I significant is EBITDA This rate, behave. nursing how two on While the different theoretical triple-net about highlight as practitioners [indiscernible] should between keep facilities from we coverage, last Genesis gap no during described reading Housing the coverage earnings how transaction be the Senior skilled quarterly call.
the assets in from an Genesis to remains significant format. peak PowerBack and selling currently short-term the [NY] While earnings, growth we of forward. and enterprise our to share, is assets down per significant a profile (ph) diluted going Genesis achieved is Genesis believe attributed Roughly shareholders is $X.XXX X% XX% value our what of improved for portion tune
in development. skill ago we power Piscataway, open to invest the model, occupied that We product. is just XX% corporate through the of continue currently demonstrating PowerBack months XX
our told acquisition investments and segment mix prompted call, actively community billion our transactions trying exposure. to This bring or million $XXX total by comprised its to Housing, has asset consistently to bringing towards is last a the philosophy have that announced over in billion and for months. return. we in last in announced completed This point. we of two price last quarter Not my driven total Welltower research the desire earnings six to Senior speculation is office. medical office me billion tilt medical have medical As $X.X operator or you Since specific of solve $X.XX office
but have a at As consistently office medical said, the like we business, price. we
those price frenzy everyone at sense any rates on sellers We economics. which have have the make shareholders. traded IRR. The buyers almost and at again and passed implied economic asset of do of did Welltower's XXXX a We MOB for at not Cap portfolios and during of opportunities would these any so
Cap at rates we X% medical X.X% excellent As a add determined plus for approach are expanded, plus since to Cap at rate blended shareholders. billion Class IRR. A This resulting value our executive often and have have $X of of diligent office
unless While broken and markets platform. buy with plans are on increasingly we sellers their we the by about highly or disciplined more and this market price of operators focused and data total analytics venturing for Capital makes joint leveraging market just reputation and bullish current not We regardless volatile Increasingly of very growth Welltower beneficial transactions mutually [indiscernible] sense reputable our asset than backdrop. current forming developers pipeline, acquisition by look in advantages portfolio the return will at Capital. off remain our feel any recapping
on in $X to locked-up While we our [pause] and for last office we not relationships obligation, our developments plus on, in options and very look to first of with This pipeline over (Ph) selective enormous remain we announce shareholders. under amount billion an and look and have attractive that at opportunities but construction both benefit Housing will under medical deploy Capital returns and seven create are to an value six the last months. separate delighted Senior across pipeline is
Charlotte to in buildings out is pipeline medical this of as Class partner. next These Pappas with developments two two will property. project for Atrium building Health project the [Indiscernible] and first of office we leased XXX% with trophy build anchor of been years an The XX in our A midtown are
to an the acquisitions delighted that acquisition since a This million our of three are apartment. different years you at average to last managed side, X.X inform have of age $XXX we by rate On will Housing X.X%. roughly Senior we blended call, have committed for and be Cap operating
relationships. in strong remains pipeline new existing and Housing both across Our Senior
reputable integrity main team’s creativity, product more reason health the and Housing more Senior our out highly Our why data today. us are partners to reaching and analytics and Capabilities, relationship and system reputation are
While historically out was it them. primarily reached who to us
the that and been CFO. create cognizant not will prospects very never the proud internal John? classes vigilant disciplined, while mature are the growth that, our Capital. to remain this and to we compete In Goodey, many of feel accelerating. our that fundamentals to I We and With pass and on on fact John value it exist external of we Capability for are asset on summary, you we We have prospects both Welltower and starting better. industries of the shareholders are cost of