pioneers health care real estate36 real estate forum october 2013 barely a blip on the radar screen...

36 Real estate FoRum OctOber 2013 www.forum.globest.com

Barely a blip on the radar screen 20 years ago, healthcare has been among the fastest-growing—and fastest-evolving—

sectors in real estate. Meet 16 leaders who have helped to make the business what it is today.

By Paul Bubny, Rayna Katz and Erika Morphy

James D. BremnerIn the mid-1990s, James Bremner was among the first commercial real estate developers and investors to recognize the growing need—and opportunity—presented by the health-care industry. He founded Bremner & Wiley, a pio-neering firm in the sector, in 1994; it later grew into an industr y leader as Bremner Healthcare Real Estate. In 2004, Bremner

Healthcare formed a joint venture with Duke Realty; the partners developed nine facilities totaling 784,000 square feet over the next three years. The suc-cess of this working relationship led Duke to acquire Bremner Healthcare in 2007, and today, Bremner serves as president of Duke Realty’s healthcare division, which has amassed a portfo-lio of 5.4 million square feet under his direction.

DeBra a. CafaroDebra Cafaro has been CFO of Ventas since 1999 and chairman of its board of Directors since 2003. She almost needs no intro-duction—Cafaro is easily recognized from her many professional commitments and industry accolades. Here is the short list: She was selected as one of the Top 50 Women in World Business by

the Financial Times, and one of the 100 Most Influential People in Healthcare by Modern Healthcare. She was also voted by investors and analys t s to Ins t i tu t ional Investor’s 2011 and 2012 “All-American Executive Team.” Cafaro is a former chair of NAREIT and has served as a distinguished representative voice for REITs in general. She came to health care real estate via a circuitous route: her background and educa-tional training was in the law. She served as a judicial clerk to the Hon. J. Dickson Phillips, US Court of Appeals for the Fourth Circuit, and has taught real estate transactions and finance from 1988 to 1992 as an Adjunct Professor at Northwestern University Law School.

Joseph D. CarrollJoseph Carroll formed Triad Partners in 1986 and has been president and CEO ever since, directing all aspects of the devel-opment process, including land acquisition, entitlements, design, construction, leasing, financing and disposition. Over the course of his career, Carroll has served as an executive of two former NYSE-listed companies—Caesars World and G&L Realty, a healthcare REIT. He was also the president of Westgroup, which acquired and redeveloped a number of large-scale proj-

Health Care Real Estate

Pioneers

REF OCT Health Pioneers p36.indd 36 10/18/13 4:39 PM

www.forum.globest.com OctOber 2013 Real estate FoRum 37

ects in Downtown Los Angeles, and was principal and CEO of Windsor Capital, which acquired and managed a large portfolio of apartment projects throughout the United States.

GeorGe L. ChapmanThe founders of Health Care REIT, Bruce Thompson and Fritz Wo l f e , r e c r u i t e d G e o r g e Chapman in 1992 to succeed them, lead a management transi-tion and execute a strategic repo-sitioning for the company, the first real estate investment trust dedicated to the sector. Four years later, Chapman became the REIT’s chairman and CEO, tak-ing on the title of president once again in 2009 after previously serving in that capacity between 1995 and 2002. On his watch, HCN has grown from a $358-million company into a $23-billion one that’s on the S&P 500 list. A recent highlight was the $4.3-billion acquisition of Sunrise Senior Living, a deal that closed this past summer and put HCN among the world’s largest owners in this sector.

Sharon harperWith a list of honors that could go on for days, Sharon Harper has made Plaza Cos.—where she is pres-ident and CEO—a star in the health-care business. During the course of her leadership, Plaza has been hon-ored as one of Arizona’s most admired companies by Arizona Business Magazine; large developer of the year by NAIOP; by BOMA for

medical office building of the year, for three years; and by Arizona Business Magazine as an ‘economic engine’ in 2007. Among her personal accomplishments, she has served as chair-man of the Greater Phoenix Economic Council, an honorary commander of Luke Air Force Base and national finance chairman of the 2000 and 2008 presidential campaigns of Arizona Sen. John McCain.

Chaim Katzman Chaim Katzman is a chairman several times over. Among the firms where he holds that title is ProMed Properties Inc., a pri-vately held subsidiary of Gazit-Globe Ltd., a global real estate investment company listed on the Tel-Aviv Stock Exchange. ProMed’s primary investment objective is the creation of value through long-term maximiza-tion of cash flows and capital appreciation from its healthcare

real estate investments. ProMed’s primary investment objective is the creation of value through long-term maximization of cash flows and capital appreciation from its healthcare real estate investments. Katzman also serves as chairman for Gazit-Globe’s parent company, Gazit Inc.; Equity One, an NYSE-listed REIT;

First Capital Realty, an Ontario real estate company listed on the Toronto Stock Exchange; Atrium European Real Estate, a lead-ing real estate company in Central and Eastern Europe listed on the Vienna Stock Exchange and Euronext Amsterdam; and Citycon, a long-term developer of shopping centers listed on the NASDAQ OMX Helsinki Ltd.

JoSeph KeLLeherN o w p r e s i d e n t o f S i m o n e D e v e l o p m e n t C o s . , J o s e p h Kelleher has some 30 years of experience in property manage-ment to his credit. He began his career with the real estate division at NYNEX, where he served as property manager for the corpo-rate headquarters building in Manhattan. From there, he steadily advanced in the industry, serving as director of property manage-ment for Catalano Kornblum Management Corp. and Winoker Realty Corp., and then as CEO for Casino New York LLC. He joined Simone in 2003 to direct the leasing and management of the Hutchinson Metro Center, the company’s highly visible and much talked-about office complex in the Pelham Bay section of the Bronx.

peter KLoepferA co-founder of NexCore Group, Peter Kloepfer is pivotal to the company’s strategic planning. As CIO, his leadership drives the structure of NexCore’s develop-ment and acquisition projects, the evaluation and negotiation of capi-tal and debt sources, and major project delivery. Kloepfer brings 24 years of real estate development financing and structuring experi-

ence to NexCore. He has been responsible for over $2 billion of real estate transactions and has invested in more than $450 mil-lion of projects. Kloepfer has the Colorado CPA certification and he is involved with the American Bar Association, American Society of CPAs, Colorado Bar Association, and Colorado Association of CPAs. todd W. LiLLibridGeNow a wholly owned sub-sidiary of Ventas Inc., Lillibridge Healthcare Services began as a com-pany of real estate pro-fessionals. “But soon, the organization grew and added healthcare profes-sionals who began teach-ing the real estate folks about healthcare—and the real estate profes-sionals taught the health-care professionals about



real estate,” writes Todd Lillibridge, its president and CEO. Lillibridge, who also serves as executive vice president of medi-cal property operations for parent company Ventas, is responsi-ble for the strategic focus, vision and overall leadership of medical office building operations for both the subsidiary and its parent company. He distinguishes the company’s clients from its customers, noting, “Our ‘clients’ are hospitals we prin-cipally work for, and our ‘customers’ are the thousands of physi-cians across the country who are tenants in the medical office buildings we own or manage.”

Scott D. PeterSThe founder of Healthcare Trust of America in 2006, Scott Peters has grown it into one of the nation’s larg-est dedicated owners of medical office buildings as the company’s president and CEO. HTA went public in 2012 and has more than 13.6 million square feet of healthcare real estate with an enterprise value exceed-ing $3.5 billion. HTA oper-ates its portfolio through its property management plat-form, which is focused on meeting the unique needs

of healthcare systems and physicians. This is the third real estate company that Peters has grown and taken public, the others including NNN Properties—later merged with Grubb & Ellis, where he became CEO—and Golf Trust of America Inc.

Danny ProSky A founding principal of A m e r i c a n H e a l t h c a r e Investors, Danny Prosky is also the president and COO o f G r i f f i n - A m e r i c a n Healthcare REIT II, which he launched in 2009 as Grubb & Ellis Healthcare REIT II. Prior to launching Grubb & Ellis Healthcare REIT II, the 20-year healthcare real estate veteran served as executive vice president of Grubb & Ellis Healthcare REIT, now known as Healthcare Trust of America Inc., overseeing the acquisition of more than $1.5 billion of assets. Before the Grubb & Ellis REITs, Prosky served in a variety of senior positions at American Health Properties and Healthcare Property Investors; the latter, which acquired American Health Properties in 1990, is now the nation’s largest publicly traded healthcare trust.

Duke Realty congratulates Jim Bremner for being

recognized as one of Real Estate Forum’s Healthcare Real

Estate Pioneers. Responsible, respectful and resourceful,

Jim leads Duke Realty’s healthcare team on its promise

to provide reliable answers to our clients.

Congratulations Jim Bremner

dukerealty.com/healthcare


Chairman Sponsor

Executive Sponsors

Presidential Sponsors

Michael VaughnWalker & Dunlop, Inc.

Eric JohnsonTranswestern

Sean MoghavemArchwayHoldings Corp

Danny ProskyGriffin-Ameri-can Healthcare REIT II

Zeke TurnerMainstreet Property Group

JohnWadsworthColliersInternational

Murray WolfHealthcare Real Estate Insights™

Steven A. Kaye, Esq.Arnall Golden Gregory LLP

Michael NotoHealth Care REIT

Sponsorship InformationDaniel Ceniceros - 213.236.3698 [email protected]

General InformationEmily Lettieri - 212.457.7765 [email protected]

For details and updates, visit: www.realshareconferences.com

2013RealShare

HEALTHCARE REAL ESTATEDecember 10-11, 2013� The Phoenician, Scottsdale

*Early Bird Rate:$425

Regular Rate:$550

*(Expires 11/08/13)

*Sponsors list as of 10/15/2013

Promotional Sponsor

Confirmed Speakers (partial list):

39pREF1013.indd 39 10/17/13 12:10 PM


RichaRd M. Rendina As chairman and chief e x e c u t i v e o f f i c e r o f Rendina Cos. , Richard Rendina leads all strategic and operational functions of the company—a role that has allowed him to develop an extensive port-folio of healthcare real estate throughout the country. Rendina, in short, has personally overseen

the development of more than one million square feet of real estate in nine states, representing project costs of approxi-mately $200 million. At the same time, Rendina is active on multiple boards, including the Economic Council of Palm Beach County, BIZPAC, Habitat for Humanity of Palm Beach County, Cardinal Newman High School and the Abacoa Property Owners’ Assembly.

Jean-claude SaadaAs founder of Cambridge, as well as its chairman and chief executive officer, Jean-Claude Saada brings 22 years of leader-ship to the organization. He has guided the firm’s develop-ment in more than $1 billion of transactions from a time when restrictions on provider payments were initially introduced

through the present. Today, reim-bursement compression, regula-tory controls and market econom-ics all have made the assistance of a third-party real estate firm increasingly attractive to health-care systems. Saada’s specific inter-est is at the strategic level, where he works with system executives on new integrated facility deployment as a means to improve care deliv-ery, solidify physician relation-ships, revitalize existing campuses and enter new markets.

John ShufeldtTwenty years ago, John Shufeldt founded NextCare Inc., and as chairman and CEO he grew the company from a single clinic to 58 across six states, with annual-ized revenue of nearly $100 million. After spending 17 years growing an urgent care company, he realized that healthcare’s new frontier was treating patients virtually. In 2010, Shufeldt stepped away from NextCare and founded

2013

For details and updates, visit: www.realshareconferences.com

Sponsorship InformationGregg Christensen - 212.4579664 - [email protected]

General InformationBrooke Sandella - 212.457.9682 - [email protected]

RealShareNET LEASE WESTNovember 19-20, 2013� The California Club, Los Angeles

Presidential SponsorsChairman Sponsor

Executive SponsorsPromotional Sponsors


www.forum.globest.com OctOber 2013 Real estate FoRum 41

MeMD LLC. At present, MeMD’s SAS model is used by more than 300 providers in 40 states to virtually treat patients on-demand and without them having to leave their residence or place of work. He also founded Urgent Care Integrated Network, a GPO and integrated delivery model to improve the care, efficiency and contracting activities of urgent care centers across the US.

GreG VennIn late 2003, Greg Venn structured, managed, and closed an acquisition/dis-position transaction in excess of $110 million that kicked off the creation of NexCore Group. He co-founded the company in 2004 to grow a national platform for the develop-ment, ownership, and man-agement of healthcare real estate. Under his leader-ship as president and CEO, NexCore has grown into a 45-person company that has been recognized as one

of the top healthcare real estate developers, having developed and acquired 3.8 million square feet of healthcare facilities. With over 20 years of experience in real estate development, Venn has

developed and/or managed projects ranging in size from 30,000 to 300,000 square feet and from $10 million to $100 million.

John o. Wilson An industry veteran of more than 30 years’ standing, John Wilson is president of HSA P r i m e C a r e , H S A Commercial’s healthcare real estate group. The group, which specializes in healthcare real estate consulting, leas-ing, development and prop-erty management, is an out-growth of a healthcare real estate advisory initiative that Wilson launched in 1995. HSA PrimeCare has served clients such as Advocate/Good Samaritan Hospital, Christ Medical Center, Lutheran General Hospital, University of Chicago Hospitals, Children’s Memorial Hospital, Franciscan Alliance, Ingalls Health System and Loyola Medical Center. The group has quickly grown its portfolio of developed and pur-chased properties to 20-plus healthcare facilities, and now man-ages medical properties totaling over one million square feet across the Midwest and Florida. ◆

Reprint orders: www.remreprints.com

American Healthcare Investors and Griffi n-American Healthcare REIT II congratulate Danny Prosky on his well-earned recognition as a

“Pioneer of Healthcare Real Estate.”

www.AmericanHealthcareInvestors.com

Danny ProskyPrincipal, American Healthcare InvestorsPresident, Griffi n-American Healthcare REIT II


pioneers health care real estate36 real estate forum october 2013 barely a blip on the radar screen...

Documents