Chief Operating Officer, Senior Care Development, LLC
Brett Mehlman joined Senior Care Development in 2007 following a successful 20-year career as a real estate and senior housing banker. At Senior Care Development, Brett has been instrumental in the planning, acquisition and management oversight of senior housing assets, and more specifically Continuing Care Retirement Communities. From 1994 to 2007, Brett held senior positions at BNP Paribas, including Managing Director of the Leveraged Finance/Senior Housing Group. During his tenure at BNP Paribas, Brett originated and structured 58 transactions that totaled in excess of $3.0 billion, the large majority of which were construction financing transactions for Continuing Care Retirement Communities. Prior to BNP Paribas, Brett managed top-level real estate portfolios and relationships at Chemical Bank (now JP Morgan Chase) and Swiss Bank Corp. (now UBS). In addition to his professional career, Brett was a founding board member of three nonprofit housing development organizations that provide housing for victims of domestic violence. Brett received a BS in Mechanical Engineering from Tufts University and an MBA in Finance from New York University’s Leonard N. Stern School of Business.
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.
Contact Information Senior Care Development, LLC Phone Number: 203-222-6262
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CEO, Senior Care Development, LLC