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Speakers and Panels

The State of Senior Housing

At the intersection of healthcare, multifamily, and assisted living, what are the dominating investment and market trends shaping the class

Lynn Jerath
Built Citrine to ~$150M in senior living AUM; Forbes 50 Over 50 honoree

Lynn Jerath

CEO

Citrine Investment Group

Chuck Murphy
Oversees LCS Development's national pipeline of life plan and rental communities

Chuck Murphy

EVP, Development

LCS Living

Yousuf Hussain
Steers the finances behind The Mather's $4B+ in deals and luxury life plan communities

Yousuf Hussain

CFO

Mather

Molly Phelan
Property tax, policy, and what's next for the asset class

Molly Phelan

Partner

Siegel Jennings

Daniel Revie
Moderator

Daniel Revie

Managing Director

Ziegler Investment Banking

Molly Phelan

Property tax, policy, and what's next for the asset class

Siegel Jennings

Molly is a partner in the Chicago Office of Siegel Jennings, a national property tax law firm. As a litigator and trusted advisor, she collaborates with Owners, Asset Managers, Acquisition teams and Tax Departments to identify, create and execute property tax reduction strategies. She becomes a member of her clients’ management team. Her goal is to maximize and protect the full potential of real estate assets, minimize related tax liabilities, and resolve disputes with tax authorities and government entities.

Molly’s client experience ranges from family owned 1031 portfolios to national commercial investment funds, including special use properties such as hospital campuses to multi-million-dollar manufacturing facilities.

Her comprehensive understanding of the commercial real estate market was developed in part through her time as a real estate broker in the Chicago area prior to starting her legal career. Molly regularly represents clients in hearings before review boards, local assessors’ offices, the

Illinois Property Tax Appeal Board, and the circuit courts.

Daniel Revie

Moderator

Ziegler Investment Banking

Dan Revie has been with Ziegler for over 23 years. As a Managing Director and practice head, he is responsible for the management of the firm’s Senior Housing & Care Finance Practice. Dan specializes in strategic advisory assignments including: mergers, acquisitions, divestitures, and recapitalizations for healthcare entities including: skilled nursing, assisted living, memory care facilities, and entrance fee and rental Continuing Care Retirement Communities (CCRCs)/ Life Plan Communities (LPCs).

During his 20+ years with Ziegler, Dan has completed M&A assignments for public,

private, and non-profit organizations. Dan has also been involved with recapitalization

assignments for large assisted living and skilled nursing portfolios. He has frequently

represented Ziegler’s nonprofit clients with divesting non-core assets. Recently, Dan and

his team have been heavily involved with distressed situations in the senior and long-term

care living space, including bankruptcies. Dan also has extensive experience with FHA/

HUD financing programs.

Dan has been frequently quoted in senior housing and long-term care publications and is

a frequent speaker at industry conferences.

Dan’s background is in accounting. Prior to joining Ziegler he worked for

PriceWaterhouseCoopers (PWC) as an audit manager, as well as an accounting manager for Northwestern Mutual.

Dan holds undergraduate degrees in both accounting and finance from the University of

Wisconsin – Madison, and an M.B.A. from the University of Wisconsin – Milwaukee.

Dan has also passed the Certified Public Accountant (CPA) exam.

The New Generation of Development and Construction Projects

Exploring the construction and proposal pipeline for new senior housing projects

Maria Hadden
Alderwoman, 49th Ward

Maria Hadden

Alderwoman

49th Ward

Aron Weisner
Behind the $70M senior living redevelopment of a Deerfield office complex

Aron Weisner

COO

Celadon Partners

Tony Hernandez
Leading HHDC's 61-unit affordable senior project at 1539 N. Pulaski

Tony Hernandez

President and CEO

Hispanic Housing Development Corporation

Deona Thomas
Runs the minority- and woman-owned firm managing affordable senior housing citywide

Deona Thomas

President

5T Management

Frank Alfano
Manages Skender's senior living construction projects across nearly 1M SF

Frank Alfano

Senior Project Manager

Skender

Robert Natke
Moderator

Robert Natke

Partner

UrbanWorks

Frank Alfano

Manages Skender's senior living construction projects across nearly 1M SF

Skender

Frank Alfano manages multifamily construction projects for Skender, a builder with an extensive portfolio of affordable housing, senior living, supportive living and market-rate multifamily work. Frank more than a dozen years of industry experience and a construction management degree from Bradley University. As senior project manager, Frank is responsible for all aspects of the building process, including planning, allocating resources and ensuring timely completion. He works closely with clients, trade partners and stakeholders to ensure smooth project delivery.

Robert Natke

Moderator

UrbanWorks

Robert E. Natke is UrbanWorks’ Vice President and Managing Principal. Rob is responsible for business operations, staffing, staff development, construction administration services and business development. Additionally, his efforts ensure that UrbanWorks’ projects are programmatically functional, maintainable, environmentally responsible and provide serviceable life cycles.

Rob holds both a professional degree in architecture and a Master of Business Administration specializing in finance and marketing from the University of Illinois at Chicago.

Prior to joining UrbanWorks, Rob planned and designed projects in the adaptive re-use, office and religious architecture market segments. Additionally, he directed design, construction and planning departments at several Chicago area major private universities as well as a Fortune 500 corporation.

In addition to his UrbanWorks responsibilities, Rob serves on the boards of AIA Illinois, AIA Chicago and Design Evanston.

EngAging Illinois: Older Adult Housing and the State’s Multisector Plan for Aging

n this session, Michelle Hoersch, Chief Planning Officer for the Illinois Multisector Plan for Aging, will share details of the state's bold new plan.

Michelle Hoersch
Keynote

Michelle Hoersch

Chief Planning Officer

Illinois Department on Aging

Michelle Hoersch

Chief Planning Officer

Illinois Department on Aging

Michelle Hoersch is the Chief Planning Officer for the Illinois Multisector Plan for Aging

in the Illinois Department on Aging. She led the development and is now leading the

implementation of EngAging Illinois, the State’s Multisector Plan, a ten-year

comprehensive blueprint with strategies to reshape infrastructure, services, and public

policy for the growing number of older Illinoisans and their caregivers. Michelle is

committed to work across and bridge silos and sectors to ensure that care and services

are person-centered and designed through an aging lens. She joined the Department

on Aging in June 2025 after nearly three decades leading the Office on Women’s Health

in the U.S. Department of Health and Human Services (HHS) in Region 5. In HHS she

worked to improve the health and well-being of women across the lifespan through

engaging partners and innovation. Trauma-informed and gender-responsive principles

guided her work at the intersection of physical and behavioral health, including attention

to the impact of climate change on health. Michelle is guided by the belief that those

closest to the problems are closest to the solutions and must guide decisions and inform

the use of resources. In her personal life, Michelle loves spending time with her family

and friends and enjoys travel, music, art, and meditation.

Welcome Back to Bisnow Chicago's Senior Housing Series

What You'll Learn

  • The U.S. is entering a historic demographic shift as millions of baby boomers approach their 80s. How are developers, investors and operators preparing for the surge in demand for senior housing across Chicago and the Midwest?

  • After several years of slowed development due to capital markets volatility and rising costs, where are new senior housing projects moving forward today — and what types of communities are proving most viable?

  • What does the next generation of senior living look like? How are operators rethinking design, amenities and care models to meet the expectations of more active, tech-savvy residents?

  • Senior housing has faced operational challenges ranging from staffing shortages to rising insurance and labor costs. How are operators adapting their models to remain profitable while maintaining high-quality care?

  • Where is capital coming from for new senior housing development and acquisitions in 2026? What creative financing structures, partnerships and investment strategies are helping projects move forward?

  • How are healthcare systems, senior living operators and developers collaborating to create integrated care environments that support aging in place and improve resident outcomes?

  • What do occupancy trends, demographic forecasts and new product concepts tell us about the future of senior housing development in Chicago and the broader Midwest?

How You'll Do More Business From Attending This Summit:

Senior housing is entering a pivotal moment. The industry faces a growing demand wave as the baby boomer generation ages, yet development has slowed in recent years due to construction costs, capital constraints and operational challenges. As occupancy rebounds and demographics strengthen, developers, investors and operators are evaluating how to meet the next generation of demand with smarter designs, more integrated care models and financially sustainable communities.

From independent living and assisted living to memory care and active adult developments, Chicago’s senior housing landscape is evolving rapidly. Where will the next wave of projects emerge? What types of communities will residents choose? And how will capital providers evaluate opportunities in a sector that blends healthcare, hospitality and real estate?

Join Bisnow and the region’s leading senior housing developers, operators, investors and healthcare leaders for an in-depth conversation about the future of senior living in Chicago.

Who You'll Network With At This Discussion:

Owners, developers, investors, senior housing operators, healthcare providers, brokers, architects, engineers, designers, lenders, lawyers, accountants, consultants, capital markets professionals and local government officials.

Topics in the news and to be discussed:

Why You Should Attend This Session:

Bisnow events convene the biggest power players in the industry to help you grow your business across a complex market. With engaging discussions, exclusive networking opportunities and the largest and most informed audience in the field, Bisnow’s unique perspective on the challenges and opportunities shaping senior housing makes attendance a value add for any CRE professional.

Questions about your ticket purchase or interested in sponsoring? Reach out to customerservice@bisnow.com for customer support. For all questions regarding content, speaker recommendations or sponsorship opportunities, please email our Midwest Producer, Will Follett, at Will.Follett@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days prior to the event.

Venue

Warwick Allerton Chicago
701 N Michigan Avenue
Chicago, IL 60611

Ballroom: Tip Top Ballroom, 23rd Floor


$35 Event Day Valet Parking

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Agenda

Time Activity
8:00 AM
9:00 AM
Breakfast and Networking
9:00 AM
9:30 AM
EngAging Illinois: Older Adult Housing and the State’s Multisector Plan for Aging

On January 15, 2026, the Illinois Department on Aging released EngAging Illinois: A Comprehensive Plan for Living Well, a landmark multisector plan addressing the needs of older adults, people with disabilities, and caregivers. The Plan establishes a decade-long guide to ensuring Illinois is an exceptional place to grow up and grow older. It is designed to ensure all of us — no matter where we live, how much we earn, what we look like, what we believe, or our abilities — can live well and age with a sense of security and possibility.In this session, Michelle Hoersch, Chief Planning Officer for the Illinois Multisector Plan for Aging, will share details of the state's bold new plan. She’ll provide an overview of the collaborative process to develop the plan, the four areas of focus — creating livable and connected communities, ensuring health for all ages, investing in caregivers, and affording aging — the priorities for ensuring Illinois is an exceptional place to age well, and the multitude of ways all of us can be involved, with a particular focus on the role of creating housing that best supports older adults.

9:30 AM
10:15 AM
The State of Senior Housing

At the intersection of healthcare, multifamily, and assisted living, what are the dominating investment, policy, and market trends shaping the class

10:15 AM
11:00 AM
The New Generation of Development and Construction Projects

Exploring the construction and new-build pipeline for new senior housing projects

11:00 AM
11:30 AM
Closing Networking