The unique needs of the modern memory care unit require a facility built and equipped to address them. With both skilled nursing and assisted living organizations expanding memory care offerings, the marketplace has seen a dramatic risk in both new memory care builds, as well as retrofitted facilities.
Between construction costs, therapeutic equipment, design considerations and other expenses, many organizations must pursue financial or capital investment to move forward with such renovations.
During this webinar, listen in as the National Investment Center (NIC) shares statistics surrounding top lenders in senior living finance, the special considerations associated with retrofitting properties, and the laundry list of equipment and their hard costs.
- Outline how organizations are financing new memory care builds or retrofits
- Discuss which organizations are making the investment in new memory care builds
- Discuss recent data and findings from market data in the field
- Quantify the average costs owners and operators can expect for a new build or retrofit
- List the practical "grocery list" of required materials for new builds or retrofits, and define an estimated cost for these materials
About the Speakers
Managing Director of Senior Housing
Mr. Fenton has spent the better part of 25 years working in the senior housing and care industry. From 1993-1997 Mr. Fenton worked for a start up nursing home company that eventually acquired 82 nursing homes in 16 across the country from Maine to Hawaii. In 1997 Mr. Fenton joined Lehman Brothers and underwrote and financed seniors housing loans through the CMBS markets until joining Love Funding Corporation in 2000. Mr. Fenton was with Love Funding from 2000-2006 and from 2006-2011 Mr. Fenton worked for Deutsche Bank Berkshire Mortgage. In 2011 Mr. Fenton joined Berkadia Commercial Mortgage and has been part of a very successful Seniors Housing Lending team.
Founder, Strategic Adviser
National Investment Center
Mr. Kramer is founder and strategic advisor to the National Investment Center for Seniors Housing & Care (NIC), a non-profit education and resource center that serves debt and equity investors interested in the seniors housing and care industry. NIC is the leading provider of research as well as business and financial performance data on this sector for capital providers. NIC’s focus is to enable access and choice in seniors housing and care by providing data, analytics and connections that bring together investors and care providers.
Vice President of Senior Housing
Dan Baker joined the Washington, DC office of Avison Young as a Vice President, Senior Housing in 2016. He is exclusively focused on the Senior Housing space and has participated in over $2 Billion worth of Senior Housing transactions around the country since 2011. Assignments range from small single assets to large portfolios. His Senior Housing career began working for an operator at a facility where he gained inside understanding of the complex nature of Senior Housing operations and included an internship at NIC headquarters. Prior to Avison Young, he was a Senior Associate for a large commercial real estate firms National Senior Housing Group. He is an active volunteer and member of Urban Land Institute and Aging 2.0. Overall he has 10 years experience in the commercial real estate industry spanning operations, construction management, research, financial analysis, and investment sales.
*This program is pending approval by the National Association of Long Term Care Administrator Boards. For additional information, contact NAB at 1444 I St., NW, Suite 700, Washington, DC 20005-2210, (202)712-9040, or http://www.nabweb.org*