Risk Factors Update Summary
- Real estate investments are subject to various risks, fluctuations, and cycles in value and demand.
- Inability to rent space on favorable terms may lead to market pressures and decreased rental income.
- Increased operating costs, including insurance, labor, and compliance costs, may impact financial performance.
- A significant portion of debt ($128.9 million) is insured by HUD, affecting interest costs and financing options.
- Reliance on third-party management companies may harm business operations and profitability.
- Debt obligations, including bonds and notes payable, were $317 million in 2022 and $182 million in 2023.
- Construction costs funded through financing may lead to increased costs and the need to sell properties.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1102238&owner=exclude
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