Thank you, Wendy.
Great. They have aggressively dealt with unprecedented challenge over the last several months, while also solving problems creatively and compassionately.
Your question is why we didn't just grant deferrals in May and June versus delinquent rent? I will also just note as I'm telling stories that in the communities that sheltered in place, we now have three new babies of women who sheltered in place and gave birth shortly thereafter.I want to let you know that in terms of testing right now, we are doing viral testing weekly, but the key to this strategy working is rapid, accurate, affordable, and regular testing. Duck Creek's stock indicated to open at $42, or 56% above $27 IPO price I will cover several items today, starting with our Brookdale renewal. I think that for them to fully be restored, it's going to take time, for two reasons.
We have put in place some special campaigns and they are working. Thank you, Pam and Clint. These include all care levels from independent living to memory care to skilled rehabilitation centers. There you go. Thank you, Operator, and good morning, everyone. If someone's exposed to someone who's sick, they too need to leave. That's accessible via slvirtual.com, and I thank LTC for that. I don't know if Wendy or Clint or someone on the LTC side has some thoughts on that in terms of margins, and it may be how you're underwriting assets, or is it just too soon to put a normal number on it, right? Our operator, ALG Senior, headquartered in Hickory, North Carolina, thought outside of the box and offered Mary a part-time job as a dishwasher.
LTC Properties Inc. July 31, 2020 at 8:00 a.m. Pacific
LTC is continuing to provide support as needed as our operators now have to deal with the repercussions of the recent spike in COVID cases.
Thank you, Lynne, and Lynne will be available during our Q&A session, so you can ask her questions about Juniper and about the industry in general. Approximately $277,000 of this deferred rent has been repaid. That's what we need funding, access, and protection. LTC Properties Inc. July 31, 2020 at 8:00 a.m. Pacific Please take into consideration that Juniper is a private company, and while Lynne may provide some financial-related data in her prepared remarks, please refrain from asking financial questions regarding Juniper's balance sheet or operations. Okay. LTC Properties, Inc. is a self-administered real estate investment trust that invests primarily in seniors housing and health care properties through triple-net lease transactions, mortgage loans and … Accordingly, at June 30, there were $653,000 in rent deferrals outstanding or about 1.5% of rent. Now it's my pleasure to introduce Lynne Katzmann, Founder and CEO of Juniper Communities.
Right now we see better opportunities in structured finance products such as preferred equity investments, mezzanine loans, bridge loans, and unitranche loans for their shorter duration and what we believe to be better risk-adjusted returns in today's market. Find the latest LTC Properties, Inc. (LTC) stock discussion in Yahoo Finance's forum. To summarize my comments briefly, I want to let you know that I want to share with you an understanding of COVID-19 and its impact on senior housing through a chronology of events. I want to talk to you now about the second phase, which we call the pathway forward. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.
But I guess we were taken a little bit by surprise by the write-down of the lease.
Among those are Germany and South Korea.Our crisis management strategy included four key points. That's accessible via slvirtual.com and I thank LTC for that, I will say that there, in my mind, be a new model of senior living as we move forward. We've created new messaging, we've trained for that and then we've also demonstrated competency among the appropriate people.
And I would say Anthem falls within the range of what I provided in my prepared remarks as far as occupancy changes. In addition to the work being done by operators, several industry organizations have launched initiatives including intensive lobbying of Congress for additional relief funding, limited liability protection, and the prioritization of testing, PPE, and access to a vaccine, when available. On March 11, there were 1100 confirmed cases in the U.S., and it was on that day that the WHO declared COVID-19 to be a global pandemic. Is there a reason you guys just treat this more rent deferrals going forward like what kind of prompted the decision to kind of write-off the AR cash when I think there's so much flexibility in the world right now about how we're dealing with this.
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