Omega CEO: Occupancy Rising at Maplewood’s Inspir Property in New York City

Omega Healthcare Investors (NYSE: OHI) leadership is optimistic about the occupancy growth at Maplewood Senior Living’s Inspir property in New York City. The luxury community saw a 2% increase in occupancy rate, reaching 67%, without lowering rental rates. CEO Taylor Pickett foresees continued growth, with the Manhattan property showing positive momentum, although a target of 90% occupancy may not be achieved until 2025. Challenges in stabilizing the community, including rising construction costs, are being addressed. Despite budget increases for expansion projects, Maplewood remains a leader in luxury senior living in Manhattan and beyond. Omega Healthcare Investors continues to strengthen its financial position, with successful bond repayments and strategic real estate acquisitions contributing to positive earnings and growth.