three communities with you, The Texas. Kansas, Oxford in in was Care our quarter for by growing of In operates Missouri, completed Kansas which LTC. the Memory Oxford units Assisted XX Thank end Living, Pam. we built community Enhancing the relationships subsequent the Living and XX operates third now Oklahoma Senior newly Missouri. to total City, owned acquisition communities
and regional the was As Wendy is an X% yield mentioned, operators of added a great and Oxford's cash has strong example. an The our to initial deal master community lease. regional focus remains existing on presence
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properties group engaged lease-upon renew combination or us both. at an improvement. a April master the We six are at mainly with sale The informed Care of Living market actively not or premier submarkets a currently but operator Housing creating Pennsylvania. to new a in XXX intend portfolio our occupied, Sunrise operating to The NOI XXXX. Memory for properties end Seniors of significant communities Ohio well investment are efficiency expiration not do have units has a comprise Assisted releasing for of they opportunity property maximum bankers one in Sunrise to and in
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our our next finalize or to on transaction on forward best this I before that our the and shareholders of are a We expiration the deals to look process. quarterly evaluate is of advisors providing working lease interest in date. as the with status call an to to the expect update
Additionally, to or our we longer additional capital portfolio identify are strategic. on continue evaluate recycle core assets to that no to opportunities
current coming seniors As about pipeline as deals our has to are their working Wendy expanded, decisions through housing and operators and making of recent owners attractive more challenges portfolios market. mentioned, are
the majority and regional marketplace two variety venture real LTC had which on also lease balance to of joint operating pipeline permits developer strong us is in joint states. the community real call. pay A transactions move pipeline ventures transactions. sheet Milwaukee including investments, improvements new The Independent net one triple a community estate Our Living pipeline and affiliates four joint upon but capital private joint a private transactions size estate of includes includes opening. last of consists of as span new venture the outside Memory and The that with our cost financing venture on and regional the four is Care make of an our of mentioned replacement the it acquisitions, company real-estate Skilled and the opportunities. in partners Living for Of one competitive development size pay in the new our of provide would operating partners for construction Nursing well The development to property low the the and $XXX I projects, quickly of deal opportunities own for will million, a five property. the partnership very approximate Assisted operate of as to loans of
this close quarter. We expect fourth in transaction to the
to structured Care Northwest, a the lease loan will estate and operate an acquire concurrently affiliate the and enter a Assisted resulting will months Memory improvements joint with this option operator completion venture real construction net will development XX owning in to real property. in of joint be entity off in triple into after construction the grant partnership of operator. XX% the community a venture interest of the transaction An the estate with Another Pacific the market as a LTC a purchase Living
are diligence transaction. due We off market actively for in engaged this
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diligence. also market in the off The are remaining deals pipeline We engaged in are due actively transactions. two
we Although more for pursuing the realistic just not have one I in is opportunity generally to appears pipeline have known but are larger unique we included not larger transactions, price a seen point, that described.
with arrears. premier operator. up trailing properties our times EBITDARM X.XX portfolio X.XX it because and are time the for evaluating a this XX We is our in geographic includes and regional newer months times and out and a a early with EBITDAR X.XX portfolio. stages same-store quarter of laid X.XX Nursing was will portfolio which Assisted deal, I one deal respectively in for Living are finish and well interesting statistics, QX basis the respectively on presence times reported and coverage Skilled our
declined is Assisted in to basis on coverage is two same-store relatively our a six attributable portfolio quarters, Skilled primarily Nursing recent decline Living to operators. While The our coverage basis coverage points. stabled portfolio
in operating two the to implementing decline from thirds future volume recruit for rehab expects services on rates. primarily for by response and patients spending related respiratory units has accounting pressure, a acute through the proactively Managed as first, insurers. periods The of expense focused acuity services and such decrease for to The to our In patients to Care increased to reduction occupancy covered occupancy partner of treks Medicaid stems programs this been in higher post specialty events. provide in higher declines operator which
is revenue occupancy new The slightly, from in the second this portfolio building opening buildings and has containment opposite, experiencing been one while in increased key portfolio and experienced a the cost challenge marketplace. pressure
changes We operating the and partners improve are working being with closely implemented of to both appraised staying performance.
rent equal X% As management fee a of is revenues. EBITDAR using our calculated to quick reminder, a coverage
to believe peer is of to percentages better comparison used group metric our fee to as by EBITDARM companies. We maybe that calculate a continue different management EBITDAR different
the Now, turn to I will back call Wendy.
