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That’s why the announcement came today, and don’t let anybody tell you any different.” Pham is sponsoring a bill that would transfer state-owned arterial roads like 82nd Avenue to local control. But first, Hardesty says, city officials want ODOT to pay for the $185 million in safety improvements on those roads, saying it’s the state’s fault that East Portland doesn’t have sufficient lighting, crosswalks and sidewalks. “We will not take on the debt that the state has failed to actually fund without those improvements happening first,” Hardesty says. ODOT spokesman Don Hamilton says the question of who’s going to pay for the improvements is under discussion right now between the city and the state. As to whether ODOT’s decision was made in response to community demand, he told WW that Friday was when everything fell into place. “It’s because these projects were ready. They’ve been in the works for a while, and we’ve been working to get this funding ready to go,” Hamilton says. “Who will fund improvements is exactly what one of the issues may be.” Personal anecdotes were shared during the event as well. Duncan Hwang, associate director of Asian Pacific American Network of Oregon, says he sees people nearly get hit almost every day on Southeast 82nd Avenue in the Jade District. “Traffic safety has been important to us for years,” Hwang says. “We’ve been waiting and working on this issue for so long. Every year we delay we’re losing more lives.” Vivian Satterfield, an outreach staffer with the nonprofit Verde, recalled being hit by a car while riding her bicycle. “I was at a complete stop, and it hit me from behind at 35 miles per hour. I do know how violent that is on your body,” Satterfield says. “I do know that my life was forever changed due to that incident, and I know that the driver’s life was forever [changed] due to that.” Hardesty is the city’s first transportation commissioner to live east of 82nd Avenue. She emphasized her commitment to slowing traffic and lowering deaths in the streets. “This vehicle violence is increasing significantly,” Hardesty says.

https://www.wweek.com/news/2021/05/08/oregon-intends-to-spend-3-million-on-82nd-avenue-traffic-safety-city-officials-want-far-more/

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operator HC-One could drive returns for the REIT. “Welltower announced a $750M (2% of assets) secured loan investment in U.K. senior housing operator, HC-One,” Hartwich wrote in a note to investors. “While details are limited, the investment appears attractive at first glance.” Welltower’s share price gained less than a percent, reaching $76.08 by the time the markets closed Thursday. While the future is still hazy, Welltower’s leaders see a potential roadmap for the company’s recovery. Assuming the company’s SHO portfolio occupancy returns to its pre-pandemic level of 87.3% with an operating margin of 30% in the coming years, leaders with the REIT believe it will see an additional $480 million added to its net operating income (NOI) — perhaps even more depending on the level of rent growth and new supply in that time. But he also cautioned that Welltower is not committing to a specific time frame for that gain due to the uncertainty of the road ahead. Some of the pieces of that recovery appear to be moving into place. For instance, the company grew its move-ins by 81% between January and March of this year. Welltower’s level of move-ins in March amounted to about 86% of what they were during that time in 2019 — a sizable increase over January, when they sat at only 54% of 2019 levels. Thanks to vaccination clinics, new cases of Covid-19 are also down 98% on a trailing 12-week basis compared to what Welltower’s communities saw at the peak of new infections in January. That has resulted in many of the REIT’s communities returning to “pre-Covid conditions in terms of lead generation and resumption of in-person tours, indoor visitation, communal dining, and social activities,” the REIT noted in its earnings release. The REIT is also making moves now to position its SHO portfolio and balance sheet for the future. Recent transactions include the $750 recapitalization of HC-One, the largest care home operator in the U.K.; its decision to substantially exit its operating relationship with nursing home giant Genesis HealthCare (NYSE: GEN); and an acquisition of eight communities operated by Harbor Retirement Associates (HRA) for $132 million. The investment in HC-One, in particular, “fills a true strategic hole that we have in our portfolio [in the U.K.],” Mitra said. “We think this will be our platform.” As Mitra alluded, there are still some potholes on Welltower’s road to recovery. Although its U.S. and U.K.

https://seniorhousingnews.com/2021/04/29/welltower-ceo-path-to-recovery-includes-480m-embedded-noi-growth-lifestyle-driven-consumers-returning/