| LEVERAGING INNOVATIVE IDEAS AND CONNECTIONS |
Focused on the theme of unlocking value through senior care collaboration, the 2017 NIC Spring Investment Forum attracted more than 1,500 industry leaders, including 300 first-time participants. The Forum was held March 22-24 at the Hilton San Diego Bayfront, San Diego.
The three-day program included more than a dozen educational sessions highlighting three principal areas: capturing value; creating successful partnerships; and economic, capital and policy trends.
More than 40 capital providers met with seniors housing and care owners, operators and developers during the pre-conference networking opportunity: Capital Connections. Select capital providers included debt lenders, debt agency lenders, and equity, REITs and other partnership opportunities.
The theme, “The New World of Senior Care Collaboration,” was introduced at the Forum’s opening general session by NIC’s CEO Bob Kramer. He explained that innovative partnerships with home care, care management, and primary care organizations can help operators and investors unlock new value in their properties. “There is opportunity to add value to investments in real estate-based care when a senior care organization innovates by partnering with health care organizations,” said Kramer.
Panelist and investor Kurt Read, principal, RSF Partners, said: “Our industry needs to change. We need to bring investors together with providers of outside services.”
Sessions on how to unlock value through collaboration—amid changing policy and market trends—wrapped up the Forum.
In the session, “A Deep Dive into Seniors Housing Local Market Conditions,” NIC Chief Economist Beth Burnham Mace identified oversupplied markets (Texas) as well as generally healthy areas (California). Mace noted that investors and developers need reliable occupancy rate and market performance metrics, charted over time, in order to determine future growth opportunities. “No two markets are the same,” she said.
Check out the gallery of photos, graphic illustrations and video highlights of selected sessions.