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Speakers and Panels

Creative Finance and Investment

Scott Stewart

Scott Stewart

Founder & Managing Partner

Capitol Seniors Housing

Brian Heagler

Brian Heagler

SVP

KeyBank

Rootvik Patel

Rootvik Patel

VP, Investments

Civitas Capital Group

Ruth Davis

Ruth Davis

VP, Capital Markets

NorthMarq Capital

Cole Gearhart
Moderator

Cole Gearhart

Associate

Winstead

Scott Stewart

Founder & Managing Partner

Capitol Seniors Housing

Scott Stewart is the Founder and Managing Partner of Capitol Seniors Housing (CSH), a national seniors housing investment firm. CSH is a joint venture partner with one of the largest university endowments in the United States, and in 2013 became the first partner in the endowment’s direct investment business to recognize the sale of a portfolio of assets. CSH also partners with The Carlyle Group (Carlyle), one of the world’s largest private equity groups with $185.0 billion under management. Both CSH and Carlyle are headquartered in Washington, D.C.

CSH was formed in the fall of 2003 with a mission to opportunistically acquire, develop and own independent living, assisted living and continuum of care retirement communities (CCRCs) in major U.S. markets. CSH utilizes third party operators to manage the facilities on a fee or joint venture basis.

To date, the company has amassed a nationwide portfolio of more than 50 assets valued at more than $1.0 billion. CSH has also realized a combined gross profit of $335 million for its investors with the timely sale of certain assets within a seven year period. This track record has enabled the company to post an overall portfolio IRR in excess of 52%.

Prior to forming CSH, Mr. Stewart ran the Acquisitions Group for Sunrise Senior Living, one of the country’s premier seniors housing service providers. Before that, he headed up the acquisitions, development and construction efforts for Homestead Village, Security Capital Group’s extended-stay hotel company. Throughout his career, Stewart has been a featured speaker at industry events, most recently with the National Investment Center for Seniors Housing & Care (NIC) and InterFace Seniors Housing Business.

Mr. Stewart is currently an Adjunct Professor at Georgetown University, teaching the class “Multifamily, Affordable & Seniors Housing” (MPRE 709-40) for the university’s Masters in Real Estate Program. Active in the community, he is also a member of the Urban Land Institute (ULI) and serves on the boards of the American Seniors Housing Association (ASHA) and Hopecam, a nonprofit organization that uses technology to connect children undergoing cancer treatment with their classmates. In 2013, he founded Seniors4Seniors, a scholarship program that rewards college-bound high school seniors who have demonstrated active, consistent and dedicated involvement in their local seniors housing communities.

Mr. Stewart earned an MBA from Harvard Business School in Boston, Massachusetts and a BBA from The University of Michigan in Ann Arbor, Michigan.

Rootvik Patel

VP, Investments

Civitas Capital Group

Rootvik Patel is a Vice President with Civitas Capital Group. He is responsible for sourcing, underwriting and evaluating prospective investments and providing detailed analysis for consideration by the Civitas Investment Committee. Mr. Patel has a background in investment management and financial analysis,

most notably within commercial real estate and private equity investments.

Mr. Patel was previously an Investment Manager with Headington Companies, where he managed over $300 million in real estate assets in hospitality, multi-family, and healthcare. Mr. Patel sourced and underwrote deals, helped configure debt, equity and partnership structures, and enhanced value of

portfolio holdings through asset management. Prior to joining Headington Companies, Mr. Patel was an Investment Associate with Northern Trust, a

top global investment management firm. Mr. Patel holds a Master of Business Administration from Southern Methodist University and a Bachelor of Business Administration from The University of Texas.

Ruth Davis

VP, Capital Markets

NorthMarq Capital

Ruth joined NorthMarq Capital after nearly three years with Dougherty Mortgage, where she originated loans on a national level for seniors housing and multifamily properties. Prior to Dougherty, Ruth has a well-rounded commercial real estate background specializing in healthcare brokerage at Swearingen, preceded by healthcare and commercial valuation/consulting at Integra Realty Resources. Prior to Integra, Ruth was the senior managing director at Landauer/Grubb & Ellis preceded by valuation/consulting services at Cushman & Wakefield. With the combination of understanding deal dynamics and analytics, Ruth provides the best financing fit for her clients’ needs. Ruth is involved with a number of professional organizations, including CCIM Dallas Chapter, REFEA (Real Estate Financial Association), Executive Women’s Healthcare Alliance, NIC (National Investment Center for Senior Housing), ASHA (American Senior Housing Association) as well as Dallas Real Estate Ministries (DREM), Wisconsin Real Estate Alumni & Honorary Member of the Aggie Real Estate Network. Ruth is a past president of REFEA and served on the Board of Directors of CREW Dallas. Ruth earned both a Bachelor’s degree in Real Estate and Urban Land Economics and a Master’s degree in Real Estate Appraisal and Investment Analysis from the University of Wisconsin-Madison. She also earned the MAI designation (currently inactive) and has an active Texas Real Estate salesperson license.

Cole Gearhart

Moderator

Winstead

Cole Gearhart is an attorney in Winstead PC’s Real Estate Development and Investments practice group, with a national practice focused on healthcare real estate, including senior housing and medical office. His clients include developers, investors and lenders. Cole advises his clients in connection with all aspects of the lifecycle of a real estate project, including acquisitions, dispositions, leases, development projects, entity structure, and financing (representing both lenders and borrowers in construction financing and permanent financing – both syndicated and single-bank, and both senior and mezzanine). Cole earned his B.B.A. from Texas A&M University, and his J.D. from Southern Methodist University, Dedman School of Law.

Title: Member of Healthcare Real Estate Group at Winstead.

Development, Design, and Programming

Larry Cohen

Larry Cohen

CEO

Capital Senior Living

Tom Dwyer

Tom Dwyer

Managing Director

Silverstone Healthcare Company

Allan Brown

Allan Brown

Partner & Co-Founder

Prevarian Companies

Paul Mullin

Paul Mullin

SVP, Development

Silverado

Charlie Wilson

Charlie Wilson

President

Buckner Retirement Services

Charles Hodges
Moderator

Charles Hodges

Partner | Founder

Hodges Architecture

Larry Cohen

CEO

Capital Senior Living

Larry Cohen has served as one of our directors since November 1996 and as Vice Chairman of the Board since November 1996. He has served as our Chief Executive Officer since May 1999 and was our Chief Financial Officer from November 1996 to May 1999. From 1991 to 1996, Mr. Cohen served as President and Chief Executive Officer of Paine Webber Properties Incorporated. Mr. Cohen serves on the boards of various charitable organizations and is active in several industry associations. Mr. Cohen was a founding member and is Chairman of the American Seniors Housing Association and serves on the Operator Advisory Board of the National Investment Center for the Seniors Housing & Care Industry. Mr. Cohen is a licensed attorney and is also a Certified Public Accountant (currently inactive). He received an LL.M. in Taxation from New York University School of Law, a JD from St. John’s University School of Law, and a BBA in Accounting from The George Washington University. Mr. Cohen has had positions with businesses involved in senior living for 31 years.

Tom Dwyer

Managing Director

Silverstone Healthcare Company

Mr. Dwyer currently serves as Managing Director of Silverstone Healthcare Company, LLC (SHC) and its affiliate, Silverstone Senior Living, LLC (Silverstone) in Texas and Florida. Prior to joining Silverstone, Mr. Dwyer served as Lead Principal for BOKA Powell’s Healthcare Services Group.

Mr. Dwyer has been in the healthcare and senior housing industry for over 35 years. He focused on developing, operating and financing acute care hospitals, medical offices and senior housing facilities.

Mr. Dwyer has contributed to and led over 175 healthcare and assisted living projects representing more than $7.0 billion in development. His resume includes Assisted Living and Memory Care communities, major acute care hospitals, ambulatory and medical office facilities including various positions as developer, project management, master facility planning, and consulting on strategy, operations, administration and technology for both national and international clients.

Mr. Dwyer has published, presented and appeared on panels for both Hospital and Senior Housing organizations including, Centering Institute for Healthcare, ULI, ACI Upscale Hospital Conference, NACHRI, ASHE, American Institute of Architects and the American Hospital Association.

Allan Brown

Partner & Co-Founder

Prevarian Companies

Allan’s career in healthcare real estate began in 1992. He spent the first decade learning the "nuts and bolts" as an architect involved with all manner of inpatient and outpatient healthcare facilities.

Allan was fortunate to develop relationships and learn from smart people in healthcare around the country. As the industry underwent unprecedented change during the second decade of Allan's career, he was a student of healthcare services delivery. He recognized the impact that strategic real estate had on patient care and financial results in this rapidly-evolving asset class.

These experiences and relationships inform Prevarian's strategic direction, including post-acute care emphasis, market choices, building and operational programming decisions, and alignments and partnerships with hospitals and health systems.

Allan has an undergraduate degree in Architecture from Florida A&M University, a Masters degree in Architecture from the University of Texas at Arlington, and a Graduate Certificate in Real Estate Development from the College of Business Administration at UTA. He and his family live in Dallas.

Paul Mullin

SVP, Development

Silverado

Paul Mullin has been the leader of Silverado’s Community Development organization since 2006. Paul has national responsibility for Silverado’s real estate development, leases and business development. He advises Silverado’s executive team on real estate acquisition, strategic planning and new business initiatives.

Paul has lectured at many national events and is a member of many community service and nonprofit organizations, including USC Davis School of Gerontology’s board of councilors and National Investment Center for Senior Housing’s future leaders council.

Paul earned his BA from University of California, Santa Barbara, and his MBA from University of Southern California.

Charlie Wilson

President

Buckner Retirement Services

Charlie Wilson is President for Buckner Retirement Services, Inc. and has worked for Buckner since 2000. Charlie is currently serving on the Board of Directors of the Society for the Advancement of Gerontological Environments (SAGE) Federation, and he has also served on the Visionary Board for the International Council on Active Aging (ICAA).

Charlie has also served as the President of the Texas chapter of SAGE from 2006-2008.

Charlie and his wife, Donna, have four children. They are active members of Keene Seventh Day Adventist Church in Keene, Texas.

Charles Hodges

Moderator

Hodges Architecture

Charles is the founder of HODGES Architecture and HODGES Development and provides our overall direction and vision. HODGES Architecture was founded in 1977, by Charles Hodges as Hodges & Associates. Over the past four decades HODGES has grown from a small, one man shop in Dallas, TX to a nationally recognized firm with a team of more than 60, with over 40 million square feet of built space. Part of our evolution is to strive for continuous innovation in each of the market sectors we serve, Retail-Mixed Use – Office, Entertainment, Living-Lifestyle-Wellness – Destination, Land & Master planning. Our experience has grown to include Healthcare, Senior Lifestyle communities and Hospitality.

Summary

As we navigate the latest trends in senior living, we'll be asking:

1) What forms of creative financing are developers and owners using?

2) What new amenities will we see in 2018? 2020? 2025?!

3) What is the future of the ACA and it's impact on the senior housing industry, and how have recent policy changes impacted the senior living "norm?"

4) Are too many luxury facilities creating a hole in affordable senior housing?

5) What do we do in cities where the waiting list for an affordable senior living community is five years long?

6) How can existing centers improve their facilities to encourage more short-term stays?

Venue

The Westin Galleria Dallas
13340 Dallas Parkway
Dallas, TX 75240

Ballroom: Fort Worth Ballroom, 3rd Floor


Complimentary Self-parking & Discounted Valet $13.99

Agenda

Time Activity
1:30 PM
2:30 PM
Breakfast & Networking
2:30 PM
3:15 PM
Creative Finance and Investment
3:15 PM
4:00 PM
Development, Design, and Programming in this White Hot Market
4:00 PM
4:30 PM
Post-Panel Networking