Navigating the Seniors Housing Mortgage Market: Making Sense of Today’s Volatile Lending Environment

Recorded January 31st, 2008

After a record-setting three-year run, the seniors housing market went into pause mode as the summer of 2007 subprime mortgage meltdown sent seismic tremors through the nation’s economy. While the seniors housing industry fundamentals remain strong, everyone is anxiously wondering what’s next.

Whether you believe the seniors housing mortgage market is stalled or poised for a rebound, you will not want to miss the opportunity to hear our panel of experts debate these crucial questions. For just one low price you and your team in one location can take part in this fast-paced, insightful audio conference from The SeniorCare Investor. Best of all, you’ll be able to connect personally with any or all of the panelists when we open up the phone lines for live Q&A. Here’s just some of what you’ll learn during this in-depth, 90-minute audio conference:
 

...and much more!

Featured Speakers:

Stephen M. Monroe, the audio conference moderator, is the managing editor and a partner at Irving Levin Associates, Inc. Established in 1948, Irving Levin Associates is a research and publishing firm that specializes in the seniors housing and health care investment markets, with several newsletters and acquisition reports. Mr. Monroe has been with the company for 20 years and has published more than 50 articles dealing with various aspects of investing in the health care and seniors housing arena. In addition, he is the editor of The SeniorCare Investor, a monthly newsletter, and The Senior Care Acquisition Report, an annual study of acquisition trends in the senior care market. In 2007, he spearheaded the launch of Senior Living Business, a monthly newsletter, and serves as its executive editor. Prior to joining the company, Mr. Monroe was a vice president of investment banking at Kidder, Peabody & Co. in New York City where he completed a variety of public equity, bond and merger and acquisition transactions.

Curt Schaller, Director for the Healthcare Finance group at Merrill Lynch Capital, is responsible for managing the group's healthcare real estate originations team. Prior to joining Merrill Lynch Capital, Mr. Schaller held several positions focused on healthcare real estate. Most recently, he was a Senior Vice President with GE Healthcare Financial Services, where he managed the group's senior housing real estate originations team. Prior to that, he was an investment officer with the group, originating transactions in the senior housing and skilled nursing sectors. Mr. Schaller also had roles as an investment officer and an underwriter with Heller Healthcare Finance prior to their acquisition by GE. His experience included real estate consulting with Kenneth Leventhal and Company before joining Heller.

Douglas A. Korey, Managing Director/Partner at Contemporary Healthcare Capital, LLC, is responsible for the day to day management and oversight of the Fund’s activities. He has over 15 years of structured finance experience and has spent the last 10 years developing relationships in the healthcare industry. Prior to forming CHC and ZHC, Mr. Korey was President of Dynex Healthcare, Inc. At Dynex, Mr. Korey originated over $300 million of long-term care product. Prior to Dynex, Mr. Korey formed the first long-term care mezzanine fund in the country at Ziegler Capital Company. He was also employed by Alex. Brown & Sons, Inc. in their Housing and Long-Term Care Group and at AMBAC Indemnity Corporation in their Structured Finance Department.

Casey N. Moore, Managing Director of Red Mortgage Capital, Inc., joined the firm in November of 2002 as Director of its Senior Housing Group. He works with existing key clients as well as develops new relationships in the provisions of debt and equity capital to seniors housing owners and operators. Mr. Moore has twenty years of commercial lending experience, with seventeen years specifically focused on seniors/long-term care investments. Prior to joining Red Capital , Mr. Moore served with Bank United/Washington Mutual as Director of Healthcare Lending and Senior Vice President of Specialty Finance.

Meredith G. Davis, Senior Vice President and Manager of Healthcare Lending for Colonial Bank, has over 10 years experience in senior housing and long-term care lending. She manages a $300 million long term care portfolio and oversees the Bank’s $500 million healthcare line of business from Birmingham, Alabama. Prior to joining Colonial, she served as Vice President of Wachovia Bank’s Real Estate Financial Services in their Healthcare Finance Group in Birmingham, and for its predecessor, SouthTrust Bank, N.A./SouthTrust Capital Funding. There she worked in various positions underwriting and originating commercial, senior housing and long-term care mortgages and securitizations for the Bank and their affiliates. Before entering the healthcare industry, Ms. Davis worked for Compass Bank in their Private Banking Group.

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