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 %