Senior Housing Development Finance: What Are The Options?
Thursday, January 21, 2010 at 1-2:30 p.m. Eastern
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You won't want to miss our SeniorCare Investor audio conference featuring expert analysis on the state of the lending market and how it relates to construction and development financing of seniors housing and care properties.
The housing market crash in 2008 and 2009 prompted most senior housing developers to stop building. Experts are now predicting a shortage of new units in growing markets for 2011, 2012 and 2013 - is now the time to get ready?
Our panel of leading industry professionals will provide expert and timely analysis of the lending market during this 90-minute audio conference. You won't want to miss out on the discussion of these topics:
|●||Find out who is lending right now and their terms. What is required for the permanent financing after construction is complete?|
|●||Determine the role of HUD LEAN in this financial picture. Is HUD LEAN the answer to the financing problem?|
|●||Compare HUD to conventional bank financing for new construction. Is anyone really doing any new construction right now?|
|●||Learn if health care REITs fill the void in construction finance. How is their financing structured, and what are the terms and cost?|
|●||Take the opportunity to ask these experts your questions on the lending market.|
...and much more!
SENIORCARE INVESTOR AUDIO CONFERENCE
THREE EASY WAYS TO REGISTER:
Your audio conference registration includes:
|•||A site license to attend the conference (invite as many people as you can fit around your speakerphone at no extra charge)|
|•||Downloadable PDF conference materials prepared just for this event|
|•||The opportunity to connect directly with our speakers during the audience Q&A session|
What is an audio conference?
Each live interactive audio conference delivers fast-track information from recognized experts right to your desk or conference room. There are no travel expenses and no time away from the office. Simply dial the toll-free number and let the operator know who you are, and you're connected! Now you can train your entire team for just $347. Note that additional dial-in sites require additional registrations. Please call 800-248-1668 for multi-line discounts.
Stephen M. Monroe is a respected and often quoted industry leader. He is the managing editor and partner at Irving Levin Associates, Inc., a research and publishing firm founded in 1948. The firm specializes in the seniors housing and health care investment markets and delivers timely market intelligence to subscribers through financial newsletters, acquisition reports and databases. Mr. Monroe is the editor of The SeniorCare Investor, the leading industry newsletter, and The Senior Care Acquisition Report, an often quoted annual study of acquisition trends in the senior care market, and executive editor of Senior Living Business. These publications have won numerous industry awards.
Nick Gesue serves as vice president of Lancaster Pollard & Co. and senior vice president and director of housing for Lancaster Pollard Mortgage Company. The two firms, based in Columbus, Ohio, provide capital funding and advisory services to the senior living, health care, affordable housing and private education sectors, with regional offices in Austin, Atlanta, Denver, Kansas City, Los Angeles and New York.
As the mortgage company's head of operations, Mr. Gesue is the chief underwriter for FHA, USDA and Fannie Mae programs and provides credit oversight to all other mortgage company lending programs. He develops and oversees the firm's team of analysts as well as its underwriting process and the development of new lending programs. His development of a highly efficient underwriting process helped make the company the nation's No. 2 FHA "MAP" lender for fiscal years 2007 and 2008 and a leading LEAN lender. Mr. Gesue is active in structuring tax-exempt bond transactions and has worked on a broad range of mixed-finance projects with a focus on the preservation of affordable housing. His thorough understanding of the senior living, multifamily and rural housing industries has earned him speaking engagements at state, regional and national-level organizations.
Mr. Gesue received his bachelor's degree in economics from Denison University. He is an active member of the Mortgage Banker's Association and the American Association of Homes and Services for the Aging.
Thilo Best, is the Chairman of the Board and Chief Executive Officer of Horizon Bay Realty, L.L.C. and its affiliated entities, collectively known as Horizon Bay Retirement Living. Horizon Bay manages over 70 senior communities across the United States that contain 12,000 senior housing units.
Mr. Best was the Chairman of the Board for the National Investment Center for the Seniors Housing and Care Industries from 2003 to 2005 and a board member from 1997 to 2005. He is an Executive Board Member of the American Seniors Housing Association. Mr. Best is also a member of the Board of Directors for the H. Lee Moffitt Cancer Center & Research Institute Foundation in Tampa, Fla. Mr. Best was recently recognized by Ernst & Young as the Florida Entrepreneur of the Year for 2007 in health services.
Prior to Horizon Bay, Mr. Best was Senior Vice President of Finance at Holiday Retirement Corp., later becoming Treasurer and a member of the Board of Directors and a partner in Holiday real estate ventures. He also held several positions at Prudential Insurance Company of America, completing his tenure as a Vice President in the real estate investment group. Mr. Best has a Master of Business Administration from the Thunderbird School of Global Management and a Master of Science in real estate from Georgia State University.
Chuck Herman is an Executive Vice President and the Chief Investment Officer of Health Care REIT, one of the largest health care REITs in the country, and he has held these positions since 2006. In addition, Mr. Herman served as Vice President and Chief Investment Officer of the Company from May 2004 to March 2006 and served as Vice President of Operations from August 2000 to May 2004. From 1998 to August 2000, Mr. Herman was a founding member and President of Herman/Turner Group, LLC, a health care consulting company. Prior to that date, Mr. Herman was a founder and Chief Operating Officer of Capital Valuation Group, a health care consulting firm founded in 1991.
Colleen Mullaney is a Senior Vice President TD Bank, formally Commerce Bank NA. She has a 20+ year career in the banking and financial services industries, with 15 of those years focused on healthcare lending. She is most noted for her expertise in the healthcare marketplace and her abilities in sub-niche identification and growth, deal execution and client negotiations. Throughout her career Colleen has created 4 healthcare lending groups from the authoring of the business plan forward. Her ability to hire, mentor and coach analysts, portfolio managers and lenders has made her successful in these endeavors.
Career highlights include consistent recognition as the top producer in both loan fees and deposit growth. Her responsibilities include underwriting and managing credits ranging up to $100 million. She is recognized as a consummate professional with superior analytical, communication and presentation skills. Her strengths include her ability to leverage remarkable business drive to respond immediately to clients' business needs and issues and meet ambitious business goals.
In addition to her day to day responsibilities Colleen is active in many of the Healthcare Associations supporting her clients in their efforts to understand and deal with an ever-changing regulatory environment. Her intimate understanding of the industry has enabled her to provide the best possible financial solutions for her clients.
Prior to joining TD Bank Colleen was employed by Fleet Bank, Capital Bank, Chase Manhattan Bank and Goldman Sachs.
Click here to order or call 1-800-248-1668.