Diversified Healthcare Trust advances portfolio strategy with focus on senior housing segment growth
Diversified Healthcare Trust (DHC) reported second-quarter progress in its senior housing operating portfolio (SHOP), citing improved operator agreements and cost controls. CEO Christopher Bilotto said new contracts with Five-Star Senior Living-branded AlerisLife communities and renegotiations with legacy operators are expected to cut costs by about $2M annually and $14M to $16M annually overall. Same-property NOI rose 37.2% YoY; occupancy reached 83.1%.




