Thursday, June 23, 2011 at 1:00 - 2:30 pm (Eastern)
The senior housing acquisition market is heating up, and the quality of properties being sold is improving. As the market continues to recover, new techniques for buying, selling and valuing assisted living facility properties will become crucial. Find out what advice intermediaries can give you on buying and selling in today’s market, how to value your property for sale, how many bids you can expect and hear what recent buyers have learned in the ever-changing assisted living acquisition market.
REGISTER TODAY for this exclusive conference and get the answers to many pertinent questions about changes in buying, selling and valuation techniques from our panel of leading industry experts—without ever having to leave your desk:
|●||Will the distressed properties now go for even lower prices as buyers focus on the better communities, or will they rise with the tide of higher prices and lower cap rates?|
|●||Should an owner who wants to sell in the next few years do it now to take advantage of the demand? Or should they wait until financing for buyers may be more available?|
|●||Should a buyer approach a distressed property sale differently from a stabilized one?|
|●||Will sellers be less likely to provide some seller financing of an “A” property, and can buyers still obtain some seller financing for a “B” property?|
|●||What impact is the recent REIT activity, and the high prices being paid, having on appraisers and lenders when viewing the assisted living market?|
|●||PLUS...your chance to ask our panel of experts your questions on the assisted living acquisition market.|
Panel of Experts:
Alan Plush, Senior Partner, HealthTrust LLC, a specialty senior housing and healthcare appraisal and consulting firm. Mr. Plush oversees a staff of highly qualified appraisers. HealthTrust operates from four locations in the U.S. (Sarasota, FL; Birmingham, AL; Boston, MA and Los Angeles, CA). In early 2003, he separated from PricewaterhouseCoopers' Global Valuation Group to serve as a principal of HealthTrust. To date, he has directly or indirectly participated in the appraisal of approximately 6,000 nursing homes, 4,500 congregate care facilities, and an additional 1,000 continuing care retirement centers, and over 200 hospitals throughout 48 states in the United States. Mr. Plush also is an investor in the industry through Rittenhouse Senior Living (an owner operator with 7 facilities), Smith-Packett (a sale/lease back equity source) and Contemporary Health Care Capital (a senior debt and mezzanine lender). Mr. Plush is also a Partner in Energy Court Holdings, a debt and transaction advisory company. Mr. Plush is active in most major industry trade associations and sits on The Executive Board of American Seniors Housing Association.
Ryan Saul, Managing Director, Senior Living Investment Brokerage, Inc, joined Senior Living Investment Brokerage, Inc. in January of 2000. Now Managing Director, Ryan has sold over 150 Long-Term Care and Seniors Housing facilities and has over $750,000,000 in transactional experience across 25 states in his tenure at Senior Living. Mr. Saul has earned Top Listing and Top Selling Agent numerous times throughout his career and been honored with the President’s Club Award. Prior to joining Senior Living, Mr. Saul was a recruitment and business development officer for DuPage County Convalescent Center. He earned a BA in Business Administration and Finance from the University of St. Francis.
Bradley Dubin, Principal at Kandu Capital, LLC/Bloomfield Senior Living, is responsible for originating and acquiring new senior living communities. He also oversees legal matters. Bradley previously oversaw portfolio acquisitions for a Michigan / Florida based commercial real estate investment group, and practiced corporate and commercial litigation for boutique Wall Street and premier national law firms in New York City. Bradley earned his Bachelor of Arts from the University of Michigan and received his Juris Doctor from Brooklyn Law School. He is admitted to practice law in the State of New York. Bradley is a member of the Ohio Assisted Living Association, South Carolina Assisted Living Federation of America, Indiana Assisted Living Association, Assisted Living Federation of America and National Investment Center for the Seniors Housing and Care Industry. He sits on the Executive Board of American Seniors Housing Association. Bradley is also a member of the New York State Bar Association and American Bar Association.
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.
Register below or call 1-800-248-1668.
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Assisted Living Facilities: Buying, Selling, and Valuing as the Market Recovers
Thursday, June 23, 2011 at 1:00p-2:30p ET