David Reis is the Chief Executive Office of Senior Care Development, LLC (SCD) which was established in 1988. For the past 25 years, David Reis has developed, and/or has purchased continuing care retirement communities (CCRC's) in excess of $1 billion dollars and has also developed and owned retirement-oriented projects that span the continuum of care from independent living to assisted living to nursing homes.
In the past two years SCD has been very active in the distressed CCRC business, serving as the stalking horse bidder in the bankruptcies of two former Erickson Retirement communities: Monarch Landing, and Sedgebrook; as well as the former Franciscan Sisters project The Clare at Water Tower. In each of these bankruptcies SCD ended up purchasing the communities along with its various financial partners. Because of its deep knowledge in the space and ability to make quick decisions SCD also served as the DIP lender to the Clare Oaks bankruptcy/restructuring.
David currently holds minority interests and sits on the Board of Genesis Healthcare and Consulate Health Care, two Formation Capital led SNF operating companies that manage and/or own over 600 nursing homes in 29 states from Maine to Florida. David also sits on several non-profit boards and devotes much time and personal resources to philanthropic activities.