Retirement Occupancy and Rent Collection

Sienna’s December 2020 average same property occupancy level in the retirement portfolio was 79.8%, a decline from the prior months primarily due to renewed access restrictions at many residences amid the second wave of the pandemic. Throughout the pandemic, rent collection levels continued to remain high, at and above 99%.

    September
2020
    October
2020
    November
 2020
    December
 2020
 
Retirement same property occupancy (average)       81.7 %    82.7 %    81.3 %   79.8 %
Retirement rent collection       99.4 %    99.5 %    99.0 %   99.6 %