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Diversified Healthcare Trust Appoints Christopher Bilotto As President And CEO
(RTTNews) - Diversified Healthcare Trust (DHC) announced Friday that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.
Bilotto is an Executive Vice President of The RMR Group (RMR). Prior to joining RMR in 2011, he worked at General Growth Properties in various management roles.
Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positions at DHC and RMR, effective December 31, 2023. Francis has been a member of DHC senior management since 2018 and a Managing Trustee of DHC since 2021. She will continue as a Managing Trustee of DHC.
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Diversified Healthcare To Sell 18 Triple Net Leased Senior Living Communities To Brookdale
Diversified Healthcare Trust (DHC) announced Monday it has entered into a purchase and sale agreement with Brookdale Senior Living Inc. (BKD) to sell 18 triple net leased senior living communities that Brookdale currently leases from DHC for $135 million.
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Euro Higher Against Majors
The euro climbed against its major counterparts in the New York session on Thursday, as upbeat earnings from Google parent Alphabet lifted tech shares.
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Swiss Market Ends Modestly Lower
The Switzerland market stayed a bit positive in early trades on Thursday, but retreated around mid morning and then spent the rest of the day's session in negative territory, as investors stayed largely cautious, reacting to earnings and awaiting news from the trade front.
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European Stocks Close Broadly Higher
European stocks closed broadly higher on Thursday despite paring most of their early gains, after the European Central Bank left its interest rate unchanged for the first time in a year.
The ECB held its key interest rates steady, in line with expectations.
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U.S. New Home Sales Rebound Much Less Than Expected In June
After reporting a steep drop by new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a modest rebound by new home sales in the month of June. The Commerce Department said new home sales rose by 0.6 percent to an annual rate of 627,000 in June after plummeting by 11.6 percent to a rate of 623,000 in May.
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U.S. Initial Jobless Claims Unexpectedly Dip To 217,000
The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.
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ECB Leaves Rates Unchanged As Expected
The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
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UK Private Sector Growth Moderates On Services Activity
UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
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