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Senior Living

Senior housing was hit hard by the U.S. housing crisis and economic pressures continue to plague the sector. New product begun in 2007 and 2008 is now being delivered into a marketplace where occupancies are already falling. Over the next 12 months, however, as the supply/demand stabilizes, experts say the sector will make a fast recovery given favorable demographics and pent-up demand. In fact, many argue that senior housing is and will be for the foreseeable future the fastest growing commercial real estate sector, as the population ages and demand continues to rise exponentially.

On July 15th, find out more as the Bisnow panel of experts takes an in-depth look at the sector. With development costs low, is now the time to build? How can owners/buyers secure new financing in the credit constrained marketplace? How will the new health insurance mandates impact property values and seniors housing investments?

Thursday, July 15, 2010
Renaissance Dupont Circle Hotel
(at M and New Hampshire a few blocks southwest of Dupont Circle)
1143 New Hampshire Ave NW.
Washington, DC 20037

Agenda

 7:15 AM – 8:00 AM Breakfast & Schmooze
 8:00 AM – 9:30 AM Panel of Experts
 9:30 AM – 10:00 AM Post Game Schmooze

$59

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Space is limited
 

 

  
 
Stephanie T. Anderson
Managing Director, Real Estate
GE Capital
With over $17 billion of capital, GE Healthcare Financial Services is a provider of capital, financial solutions, and related services for 30 global sub-sectors including hospitals and long-term care facilities. Stephanie is responsible for debt and equity investments in all types of healthcare real estate. Prior to joining GE in 2006, she was with Ventas Healthcare REIT and Heller Financial. Stephanie is on the Board of Directors of the National Investment Center for Seniors Housing (NIC), as well as the Executive Board of the American Seniors Housing Association.
 
     
 
David D. Carliner
Executive Vice President
Shelter Development
David is responsible for development and acquisitions of all of Shelter’s product lines. Previously, he worked with New Enterprise Associates to form Elder Health, now called Bravo Health, a Medicare HMO. Bravo now serves 400M people with revenues of $1.6 billion. David began his career at Meridian Healthcare, where he ultimately oversaw all aspects of new facility development and grew the organization from 20 to 40 facilities. He has served as a Commissioner of the Baltimore City Commission on Aging and as President of CHAI, a community based organization focused on supporting seniors in a variety of residential settings.
 
     
 
Frank Small
Managing Director
US Fund Investment Management
JER Partners
Frank, a real estate private equity veteran & leading financial player in the senior living space, has led JER’s senior housing & healthcare real estate investing activities since joining the firm, overseeing the acquisitions & asset management of Genesis HealthCare, Tandem Healthcare, & Aviv Healthcare among others. His experience includes over $4B of investment in healthcare properties comprising over 58,000 beds across 40 states. Frank's Investment Managment division's most recent fund has completed more than $4.6B in gross investments.
 
     
 
Scott Stewart
Founder and Managing Partner
Carlyle Senior Housing (CSH), a subsidiary of The Carlyle Group
CSH has amassed a nationwide portfolio of 29 senior living assets valued at over $750 million. It has generated hundreds of millions of dollars of profit for Carlyle’s investors boasting compounded annual returns in excess of 50%. The company acquires and develops independent living and assisted living facilities, as well as continuum of care retirement communities (CCRCs) in major U.S. markets.
 
     
 
Dan Gorham
Founding Partner
Fountain Square Properties
Fountain Square Properties (FSP) has successfully acquired, developed and repositioned numerous commercial real estate projects located throughout the DC metro region. Dan has originated in excess of $6 billion of debt, including construction, mini-permanent, permanent, forward and take-out financing throughout the United States. Dan raised approximately $1 billion of joint venture equity for existing assisted living communities and $500 million of equity for senior housing development joint ventures while EVP at Sunrise Senior Living.
 
     
 
Doug Bath
Group Head
Walker & Dunlop’s Healthcare Finance Group
Few know more about senior housing finance than Doug. He has been involved in over $6.5B of senior housing transactions. A Sunrise Senior Living veteran, he asset managed 448 facilities spanning 76 distinct portfolios and 36 different equity investment companies. At JP Morgan, Doug raised and invested a $700M+ equity fund focusing much of his efforts in senior living. At Walker & Dunlop, you will find Doug sharing his wisdom as he helps developers and acquirers raise capital to build and acquire senior living facilities.
 
     
 
David Schless
President
American Seniors Housing Association (ASHA)
David has an extensive understanding of seniors housing policy and regulatory issues, and an intimate knowledge of the business. ASHA’s mission is to serve as a voice on Capitol Hill. It has 350 company members that develop, operate and finance senior housing. He serves as treasurer of the Seniors Housing Politcal Action Committee, the nation's largest PAC focuses on supporting federal candidates who support the development and preservation of high quality seniors housing.
 
     
 
Brian Reynolds
Managing Director, Long Term Care
Capital Funding Group
CFG provides financing solutions for healthcare facilities nationwide, focusing exclusively on the long-term care, assisted living and hospital sectors. The firm is a leader in the FHA-insured mortgage industry managing the HUD and Bridge loan process, and has provided more than $1 billion in HUD-insured mortgages nationwide. Brian spearheads structuring and financing for healthcare transactions. He is experienced in M&A structures as well as healthcare finance.
 
     
 
Michael Hargrave
Vice President
NIC Market Area Profiles (NIC MAP)
The industry’s leading data provider, NIC MAP Data and Analysis Service tracks revenue, occupancy, supply and construction data. Since joining in 2005, Mike has led and expanded the service’s market coverage from America’s top 31 to top 100 markets, and he has grown the service to 1,000 registered users averaging 2,000 report downloads per month. With 18 years of experience in seniors housing and care, he also co-founded Health Care Plus in 1992, a full-service executive recruitment and consulting firm, whose clients included the industry’s largest owners/operators.
 
     
 
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David Kessler
Co-Office Managing Principal Bethesda
Reznick Group
David has 24 years of experience representing developers, property managers, asset managers, and other finance companies and lenders as an audit principal. Among his specialties, such as affordable programs, low income housing tax credits and conventional multifamily debt/equity programs, he advises nursing and assisted living operators and developers. David teaches real estate courses at Georgetown University and the University of Maryland.
 
     
 
Wayne G. Tatusko
President
Tatusko Kennedy, PC
Wayne is one of the most prominent lawyers in the senior housing space representing owners & developers in all aspects of acquisitions, finance, business planning & venture formation. Acting as lead counsel for Sunrise Senior Living before the company went public in 1996, he placed its major financings, structured numerous joint ventures, and acquired, built & operated individual senior living facilities. He has negotiated in excess of $2B in debt and equity capital transcations in the senior housing space.