Brookdale Senior Living sees FY23 non-development CapEx $195M

The company said, “In the aggregate, the Company expects its FY23 non-development capital expenditures, net of anticipated lessor reimbursements, to be approximately $195.0M, excluding reimbursable remediation costs at the Company’s communities resulting from 2022 natural disasters. The Company anticipates an additional approximately $28.0M in reimbursable remediation costs at the Company’s communities resulting from 2022 natural disasters, and such costs are expected to be reimbursed from the Company’s property and casualty insurance policies in 2023 or 2024.”