Right before Covid-19 brought everything to a stand-still, there were some hiring announcements in the senior care industry worth mentioning. We hope virtual onboarding can be just as effective. JLL Capital Markets announced that Alanna Ellis has joined the firm as a Director in its Seattle office and will be responsible for sourcing debt and equity placement business for healthcare, seniors housing and hospitality transactions. Ms. Ellis has 22 years of real estate experience, with the last 12 years focused exclusively on the commercial real estate finance and development sector. Most recently, she was a Senior Partner/Vice President of Commercial Lending at IPG, where she worked for 13 years originating, underwriting more than $600 million of debt and equity transactions.  

Investors Bank has recruited Andy Phelps from Webster Bank (where he was a Senior Vice President and Senior Relationship Manager) to join its Healthcare Lending Group as a Senior Vice President. The Group is also introducing a new line of banking products and services for healthcare providers, which Mr. Phelps will be responsible for developing, managing and growing nationally. They will be providing structured financing as well as asset-based and cash-flow lending to skilled nursing facilities, continuing care retirement communities, group practices and middle-market healthcare facilities. The group is based in Newark, New Jersey, but Mr. Phelps will be working out of Charlotte, North Carolina. 

Last month, CBRE announced that it hired Joshua Hausfeld as a debt and structured finance professional within the company’s national seniors housing practice. He will hold the title of Executive Vice President and will be based in CBRE’s Bethesda, Maryland office. Prior to joining CBRE, Mr. Hausfeld was a managing director at SunTrust Commercial Real Estate (formerly Pillar Capital Finance), leading the seniors housing and healthcare finance group. He will lead CBRE’s HUD 232 origination efforts across the country for healthcare and seniors housing properties. 

We’re not sure how much lending is going on right now, but it will come back, and these professionals will be ready for it (especially if interest rates remain extraordinarily low).