sales Thank properties our for of basis low million two accounting concentrate activity $XX cash total, should value closed of million with the approximately sale this We of as as Similar $XX held an major placed far performance for you, asset improve quarter. of coverage, investment quarter. book first single classes of tenants $X.X position. the sub-one $XX approximately properties net quarter, million. cash seven so our Of yield additional on a during properties John. two disposition the comments last and sale operators. NOI we three so immediately properties have other have net my relate well the these for proceeds and million financial on our currently tenants and to lease to the dispositions, sold We digit net proceeds second I'll on and
our But The of difficult to and current the the in market expectation will that quarters. timing dispositions. it close majority predict second these is the third make conditions
are many deals plenty have the of pipeline seeing not discussions, that been of cost not accommodating, changes reflect markets capital. reality the we of there While are so
we're think Fortunately, we with as industry less expertise can will be capitalized patient position their ultimately a reduce lenders well and where in be beneficiaries, REITs exposure.
first senior represent the metrics fundamentals XX optimization, the portfolio full contractual and times. management, housing strong trailing sequentially gains were for Total collections driven both from and impact to the not This do coverage times strong of reflect to in the asset by Shifting that skilled improving quarter was results. overall, cash coverage XX.X%. the X.XX first nursing. improved Remember results or quarter and X.X company
So optimistic continue we'll are we trends. favorable see to
XXX effort for which optimization basis housing increase coverage the and saw need XXX targeted. year-over-year We in to and Total with the point XX% most platform, sequential by asset on include an trends for Reviewing and information nursing. a transparency investors, growth the occupancy of classes where skilled analysts of NOI we point provide positive XXX our annualized supplemental In is again fourth the quarter. to report. a now cash straight in different basis occupancy more is XX.X% driven in improved points basis for increase senior
it’s Times at accounts the EBITDARM was addition which which An large improved offset X.XX times. time by December April highest rate X.XX that and through newly single improvement from of in part coverage and since X.XX Bickford Bickford’s lease high driven a digit was occupancy by of to was helping last increase, the reported quarter. is rent acquired the driven pressure. X.XX XXXX. XXXX pro coverage This times. properties quarter the increase first The to fully for forma
in received We Bickford received payments have from quarter. second XXX,XXX over deferral the and the first XXX,XXX quarter, in of we
in see a and some the momentum in Our to March Bickford they're occupancy, portfolio conversions in. lead built sales pipeline and starting experienced slight uptick move
As occupancy a supplemental we comparison occupancy NICMAP add of including I Metro information Market. our the versus to Bickford a mentioned, new
in basis the points monthly NICMAP we XX it's about Bickford’s to Although for approximately occupancy $XXX the occupancy trend, higher. estimate higher there's still improvement And room And XX.X%. than is competition. RevPOR
properties. driven XX% one need reported RevPOR other our a is coverage which improvement. sequential across increasing gain at the We year-over-year of of is fifth coverage Bickford, and from Aside time, quarter straight
struggling. While still the is these are improvement that encouraging coverage implies one-times operators
the We which already tenants indeed on with some basis rent of guide, a based unidentified on driven addition having tenants, are level conversations concessions in we're incorporating the to into number of cash accounting. ongoing small is
Continuing SLC coverage our largest with accounts XX% adjusted our communities, last this which X.XX from entrance from of to times XX% fee for tenant group portfolio, quarter. that housing X.XX senior well. which including of continue was discretionary down times NOI, perform
first down and pre above agency the remained was levels. still pandemic Fortunately, fees trends quarter utilization entrance strong, occupancy
and from NHC Our X.XX other times was sequentially of entrance adjusted to solid which improves other communities excluding continues reflects hospital largely NOI, performance the improvement of our times SNF represents at X.XX and on the both X.XX to senior up from sequentially discretionary fee coverage portfolio times. have which operators. The coverage XX% at which annualized SLC, X.XX specialty time, housing
XXXX. as We on this health XX Medicaid SNF is ends week in our in SMAP are [ph] out monitoring during phased rates emergency the state a public add
and about by expect our the We state SNF in to Texas largest coming Florida two hear revenue more weeks.
mandate. will also proposed released We that expect CMS a soon staffing
we communicate with So as our will emerge. groups those details operators trade and
are anchored best-in-class operators. and which portfolio by NHC is Ensign SNF Our
have other will regulatory adapt great So any as have requirements they to confidence the done that in changes past. so able staffing many times they we be and
occupancy portfolio, assets new our SHOP expenses. in weak X% would repositioning have that progress. on we NOI, better higher of of been declined anticipated pressure and to on the the Lastly, the margins had showing experienced management which represents adjusted under We with continued slightly XX.X%
internal relatively small portfolio. It for significant total a of is and a SHOP our strategically our of So both is as growth piece external source company.
near goal. tempered have has we resources our expectations, we long to And achieve that the term employing committed term necessary not to While outlook changed. the are
Operator, open remarks. questions. for prepared line our concludes That the please
