Investing in Senior Living: Evaluating Different Housing & Operating Models

What Today's Supply-Demand Dynamics Mean for Underwriting and Pricing Across the Senior Housing Spectrum

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  Tom Grape

  Chairman & CEO

  Benchmark Senior Living

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  Jim Coughlin

  CEO

  Northbridge Communities

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  Thomas O’Brien

  CEO

  The HYM Investment Group

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  Chris Kronenberger

  Managing Director

  Blue Moon Capital

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  J.P. Lomonaco

  Mr. LoMonaco entered the real estate consulting industry in 1989. Assignments include market feasibility analysis, appraisal reports, lease analysis, highest and best use studies, and general consulting. Mr. LoMonaco’s expertise has been used by clients for lending, litigation support, asset allocation, due diligence, lease negotiation, tax appeals, bankruptcy proceedings and market and site selection. Prior to joining CBRE in 2023, Mr. LoMonaco was the President of Valuation & Information Group, Culver City, CA. Experience includes appraisal and market feasibility assignments for a wide variety of property types in the senior housing and healthcare related industry. Property types include senior apartments, independent living, congregate, assisted living, skilled nursing, Alzheimer’s, medical office buildings, surgery centers, dialysis centers, rehabilitation hospitals, psychiatric hospitals, specialty hospitals and general acute‐care hospitals. Assignments have been conducted throughout the United States. Education By continually attending classes, seminars and conferences, Mr. LoMonaco routinely exceeds the minimum continuing education requirements of the Appraisal Institute and State requirements. Mr. LoMonaco has moderated panels at senior housing / long‐term care conferences. He received his Bachelor of Science degree in Finance with a Real Estate Emphasis at the University of Southern California.

  CBRE

  Executive VP

  Moderator

  J.P. Lomonaco

  Executive VP

  CBRE

Building and Designing Senior Housing Facilities

Layout Shifts, Programming Innovations and Sustainability Upgrades Reshaping Senior Housing Development

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  Lizbeth Heyer

  Ensuring everyone has a safe, affordable home is Lizabeth’s life’s work. She has more than 35 years of nonprofit and public sector experience in affordable housing development, planning, policy, and advocacy. Since joining 2Life Communities in 2014, Lizbeth has led our growth and innovation initiatives, including developing and modernizing more than 1,000 subsidized apartments; launching Opus, our new middle-market product; and integrating healthcare programs and financing with 2Life’s housing strategy. Prior to joining 2Life, Lizbeth served as Associate Director of Public Housing and Rental Assistance for the Massachusetts Department of Housing and Community Development. There, she led initiatives to preserve and reform the state’s public housing system, expand the state’s rental voucher program, and create the HomeBASE program that provided housing for more than 6,000 homeless families. Earlier in her career, Lizbeth led real estate efforts for the Jamaica Plain Neighborhood Development Corporation and worked as a community organizer leading local, state, and national efforts to preserve expiring-use subsidized housing. Lizbeth serves as the chair of the Newton Housing Partnership and on the board of the Citizens Housing and Planning Association. She has a master’s degree in urban planning from Massachusetts Institute of Technology.

  2Life Communities

  CEO

  Lizbeth Heyer

  CEO

  2Life Communities

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  Walter Ramos

  President & CEO

  Rogerson Communities

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  Stacy Bliagos

  Executive Director

  HANAC

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  Evan Miller

  Evan is the New England Residential Team Leader for VHB, a Watertown-based engineering, planning, and design firm. He is a visionary landscape architect whose work bridges landscape architecture and urban design. With a diverse portfolio spanning from bespoke residential projects to innovative university campuses and dynamic commercial spaces, Evan combines aesthetic appeal with functional excellence. His expertise extends into multi-family residences, thriving mixed-use developments, cutting-edge healthcare facilities, and vibrant parks and recreational areas. Known for his integrative approach, Evan orchestrates seamless collaboration across multiple design disciplines, leading projects that redefine spaces and elevate communities.

  VHB

  New England Residential Team Leader

  Evan Miller

  New England Residential Team Leader

  VHB

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  Clara Wineberg

  As a practice leader, Clara approaches the living experience through a broad and integrated lens, shaping environments that range from urban multifamily and luxury residential towers to affordable housing, hospitality, student housing, and mixed-use communities. She is known for a highly collaborative leadership style, supporting teams as they expand into new project types and markets. Clara’s expertise spans Residential, Hospitality, Senior Living, and Mixed-Use practices, with work realized across the United States—particularly in Florida, Georgia, Pennsylvania, and Texas. Her focus is on advancing the firm’s continued growth as a national practice, strengthening both established markets and emerging opportunities. Our Perkins Eastman Clients value her steady and careful approach to complex urban projects including navigating entitlement, energy, and community needs with a clear understanding for the residents who will call these projects home. She is active with ULI in Boston and globally, and serves on the board of the Boston YMCA, supporting a longstanding commitment to community well-being.

  Perkins Eastman

  Principal, Residential Practice Leader

  Clara Wineberg

  Principal, Residential Practice Leader

  Perkins Eastman

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  Matt Grosshandler

  Matt Grosshandler, Bald Hill Builders' VP of Operations, has more than 28 years of residential and commercial building experience. Matt is responsible for providing senior-level management and oversight to all Bald Hill Builders' projects, aligning project operations with company goals. Matt is a past President and Executive Board Member of the Friends of Hebrew Senior Life, where he is a Trustee and serves on the Real Estate Task Force. Through his work with Hebrew SeniorLife, Matt has actively been involved with the development of several Affordable Housing projects, currently the St. Therese Residences in Everett, MA. As a leader in adopting new building solutions, Matt was invited to participate in a study with the Commonwealth of Massachusetts' Department of Housing to consider modular construction as a more widely accepted practice. Under Matt's tutelage, BHB was recognized as one of "Boston’s Best and Brightest Companies to Work For" in 2021, as well as "Boston Business Journals Largest Women-Owned Business" in 2021. Matt has earned both a Bachelor of Science in Building Sciences and an MBA from Rensselaer Polytechnic Institute in Troy, NY. He is a LEED Accredited Professional as well as a Certified Passive House Builder and OSHA 10 trainer. In addition, Matt was named one of New England's Top Young Professionals by Engineering News-Record.

  Bald Hill Builders

  VP of Operations

  Moderator

  Matt Grosshandler

  VP of Operations

  Bald Hill Builders

Best In-Class Operations and Management Strategies

Labor Management, Care Delivery and Cost Control Strategies Separating High-Performing Senior Housing Operators Today

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  Michael Morris

  President & CEO

  Willow Ridge Senior Living

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  Sue Coppola

  SVP Clinical

  Sabra Healthcare REIT

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  Dawn Marie Johnson

  VP Sales & Operations

  Wingate Living

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  Manny Cominsky

  Manny Cominsky is Co-Founder and CEO of Sunbound, an AI-powered RCM platform built for senior living operators. Inspired by his own family's experience with the senior care industry, Manny founded Sunbound to solve the financial and operational pain points he witnessed firsthand. He previously led strategy at Constellium (NYSE: CSTM) and spent the early part of his career in healthcare private equity and investment banking. Manny is a Harvard University graduate and a native of Central New York.

  Sunbound

  CEO

  Manny Cominsky

  CEO

  Sunbound

• Moderator

  Caroline Clapp

  Senior Principal

  NIC

Remarks from NIC

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  Caroline Clapp

  Senior Principal

  NIC