News & Press Releases

Paul Klaassen Joins NIC Board of Directors

Press Room – 2007 NIC Press Releases

Paul Klaassen Joins NIC Board of Directors

FOR IMMEDIATE RELEASE: May 8, 2007
Contact: Renee Tilton, (410) 626-0805 or rtilton@crosbymarketing.com

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

Mr. Klaassen is chairman and chief executive officer of Sunrise Senior Living, a company that he and his wife, Terry, started in 1981. Today, Sunrise is recognized as being one of the premier providers of senior living services throughout the world, with more than 440 communities in the United States, Canada, the United Kingdom and Germany. The organization has a combined resident capacity of 52,000 and employs more than 38,000.

“Paul is a welcome addition to the NIC Board,” said Raymond W. Braun, president, Health Care REIT, Inc., and NIC board chair. “Not only is he a recognized leader, but also a highly respected visionary and precedent setter. His creative energy and demonstrated ability to sense where the market is heading will serve the organization well.”

“NIC’s board representation has always been strong on the investor side,” added Robert G. Kramer, NIC president. “Over the last five years, we’ve concentrated on increasing our operator presence. Today, NIC is proud to have the top executives from many of the most prominent seniors housing and care companies guiding the organization, including those from Holiday Retirement Corp., Brookdale Senior Living, Genesis HealthCare Corp., Classic Residence by Hyatt and now, Sunrise Senior Living. The knowledge base of experienced providers such as these will ensure NIC’s success as we continually evolve to meet the growing data and financial needs of the industry.”

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 Key Financial Indicators™ (KFIs) that report nationwide statistics and its Market Area Profiles (MAP™) Data and Analysis Service that tracks properties in the 100 largest metropolitan areas. Proceeds from its annual conference are used to fund research on issues of importance to the industry, including data useful to policymakers making decisions about seniors housing and long-term care. For more information, visit www.NIC.org or call (410) 267-0504.

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