News & Press Releases

New Board Members and Officers Announced for NIC

Press Room – 2007 NIC Press Releases

New Board Members and Officers Announced for NIC

FOR IMMEDIATE RELEASE: October 18, 2007
Contact: Renee Tilton, (410) 626-0805 or rtilton@crosbymarketing.com

Annapolis, Md. – Three new members have joined the board of directors for the National Investment Center for the Seniors Housing & Care Industry (NIC), as announced today by the nonprofit organization.

Beth Mace, principal, AEW Capital Management, L.P., Angela Mago, SVP, national manager, KeyBank, and Arnold Whitman, CEO and co-chairman, Formation Capital, LLC, were elected to three-year terms starting on October 8, 2007. In addition, John Cobb, senior managing director, GE Healthcare Financial Services, was elected for a second three-year term.

NIC also announced its board officers for the 2007-08 term that started on October 8, 2007. Kathryn A. Sweeney, managing director, US Senior Housing, The GPT Group, is the newly elected board chair and Kevin J. McMeen, managing director, Merrill Lynch Capital, is vice chair. Rounding out the board are George V. Hager, Jr., chairman and CEO, Genesis HealthCare Corp., as secretary, and Randal J. Richardson, president, Classic Residence by Hyatt, as treasurer. In addition, Paul Dendy, president, LifeStyles, Senior Housing Managers, LLC, continues serving on the board as chair of the Operator Advisory Board.

“Our board is truly fortunate to benefit from the talents of so many of the industry’s leading lenders, investors and operators,” said Robert G. Kramer, president of NIC. “Their dedication, enthusiasm and leadership to our organization continue to make NIC the leading provider of financial data and resources on which the seniors housing and care industry has come to depend.”

About NIC: Founded in 1991, the National Investment Center for the Seniors Housing & Care Industry is a nonprofit organization providing information about business strategy and capital formation for the senior living industry. Proceeds from its annual conference – scheduled next for Sept. 10-12, 2008, in Chicago, Ill. – are used to fund research and data that lead to informed investment decision-making to advance the seniors housing and care industry. For more information, visit www.NIC.org or call (410) 267-0504.

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