Valuing and Buying Distressed & Underperforming Seniors Housing & Care Properties

Recorded June 24, 2010

Find out how savvy investors “Make Profitable Real Estate Investments: Valuing and Buying Distressed and Underperforming Seniors Housing and Care Properties” - without ever having to leave your desk. 

Through 2011, the seniors housing and care market will continue to be flooded with properties that suffer from low occupancy, poor management, deferred maintenance, little to no cash flow and, often times, all of the above. Add to this the tight lending market that makes it tough to close deals. Yet, savvy investors will continue to buy and to finance distressed seniors housing properties.

Assemble your team and take away concrete tips from an experienced expert panel:


What is the best way to value a property that currently has negative or minimal cash flow?
What are the key determinants or assumptions of a stabilized cash flow forecast that is both realistic and credible to lenders?
What operating margins and fill-up levels are typical and how should deferred maintenance be factored in?
What red flags do lenders look for in forecasts of an underperforming property?
How do savvy investors evaluate an equity return for an underperforming property?
PLUS….your chance to ask the experts your questions live.













Panel of Experts:

Eugene Grace, President of Grace Management, Inc
  Eugene W. Grace, a Certified Property Manager (CPM), has an extensive background in the marketing and management of senior housing services.  He has worked in all aspects of service and facility management. Before establishing Grace Management, Inc., in 1984, he worked for ten years for one of the nation’s largest and most diversified management service organizations, ARA Services.  Today, Grace Management, Inc. is an Read More
President of Grace Management, Inc.
Angela Mago, SVP and National Manager of Key Bank Real Estate Capital Healthcare
  Angela Mago joined Society National Bank, one of KeyCorp's predecessor companies, in 1987. Throughout her career at KeyCorp, Angela has been involved in structuring and arranging financing for many types of health care companies including senior housing and care providers, hospitals, medical office developers, and health care Real Estate Investment Trusts. Angela has been the National Manager for KeyBank Real Estate Capital's Read More
Senior Vice President & National Manager, Key Bank Real Estate Capital-Healthcare Group
Matt Marcos
Matt Marcos is a Senior Director with Alvarez & Marsal Healthcare Industry Group in New York. Mr. Marcos brings more than 14 years of diverse transactional, analytical and operating experience within the healthcare and chemicals industries. Mr. Marcos’ most notable assignments have included advising on a variety of sell-side, buy-side and leveraged buyouts across several sectors, including healthcare IT, revenue cycle management, Read More
Senior Director with Alvarez & Marsal Healthcare Industry Group
John Rimbach
  With skills and expertise developed over a twenty-year career in the real estate financing and development sector, John Rimbach's expertise is in the development, financing, management and operation of service enriched senior housing. Mr. Rimbach joined West Living in the Fall of 2008, as its President.   Mr. Rimbach was with AF Evans Company, Inc., a fully integrated residential housing development and management company, prior Read More
President of West Living
Stephen Monroe
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 Read More
Editor, The SeniorCare Investor