News & Press Releases

Charles W. Harry, Jr., to Head NIC’s Research Efforts

Press Room – 2010 NIC Press Releases

CHARLES W. HARRY, JR., TO HEAD NIC’S RESEARCH EFFORTS

FOR IMMEDIATE RELEASE: April 20, 2010
Contact: Renee Tilton, (410) 626-0805 or rtilton@crosbymarketing.com

Annapolis, Md. – Charles (“Chuck”) W. Harry, Jr., has been named research director by the National Investment Center for the Seniors Housing & Care Industry (NIC). He will lead the research efforts of the organization, including the analysis function of the NIC MAP® service that provides quarterly data and analysis on the top 100 metro markets for the senior living industry.

“Chuck’s background was tailor-made for the breadth and depth of commercial and institutional real estate experience that our NIC research products, especially our NIC MAP data and analysis service, demand,” said Robert G. Kramer, president of NIC. “In particular, he has impressive experience in institutional investment management across the various property types with an emphasis on the apartment/multifamily sector.”

“Chuck was a standout for this position from the beginning,” added Dr. Sam Chandan, global chief economist and EVP, Real Capital Analytics, and adjunct professor of real estate at the Wharton School, who was an instrumental part of the interview process to help select the candidate. “One thing that impressed me was that, even early in his career at RREEF Funds and Metric Realty [now BlackRock Realty], Chuck helped solidify the apartment sector as one of the core property types for institutional investors.”

Mr. Harry comes directly from Cushman & Wakefield, San Francisco, where he held the positions of managing director, Investment Strategies, and managing director, Analytics. In addition to forecasting and monitoring economic and real estate market trends in support of the Global Capital Markets Group, he helped establish global infrastructures to facilitate cross-border transactions and the firm’s emerging investment management operations.

Prior to that, Mr. Harry worked at the National Council of Real Estate Investment Fiduciaries (NCREIF) in Chicago as director of real estate. While there, he expanded the association’s product lines with new indices and developed public outreach as well as market education programs.

Earlier positions included director of research at Glenborough Realty Trust and vice president, director of marketing, at SSR Realty Advisors/Metric Realty, both in the San Francisco Bay area.

Mr. Harry began his career at The RREEF Funds, San Francisco. As one of four founding members of RREEF Research, he analyzed the market feasibility of proposed acquisitions across all core property types and reported on quarterly submarket trends of assets under management.

Mr. Harry received his Master of Business Administration from the University of North Carolina. He received a Bachelor of City Planning from the University of Virginia, School of Architecture.

“NIC and its NIC MAP database are invaluable resources in the acquisition, underwriting and asset management of our seniors housing assets,” said Beth Burnham Mace, director – AEW Research, AEW Capital Management, L.P., who was also influential in Mr. Harry’s hiring. “The quality of NIC’s data and the insights the organization brings through the data’s interpretation have always been excellent. We look forward to further insights and data tools that the new research director, Chuck Harry, will offer.”

About NIC

Founded in 1991, the National Investment Center for the Seniors Housing & Care Industry is a nonprofit education and research organization providing information about business strategy and capital formation for the senior living industry. NIC is the leading provider of historical and trend data on the industry through its NIC MAP® Data and Analysis Service that tracks properties in the 100 largest metropolitan areas and its Key Financial Indicators™ (KFIs) that report nationwide statistics. Proceeds from its annual conference and other events are used to fund data and research on issues of importance to lenders, investors, developers, operators, and others interested in meeting the housing and care needs of America’s seniors. For more information, visit www.NIC.org or call (410) 267-0504.

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