Aiming to achieve a credible alternative for arranging fresh capital into a repriced and deleveraging market, founder and managing partner, Joe F. Biaou launched FRB Capital in 2010, and hassince guided the privately-held, commercial real estate financialintermediary to emerge as a driving force within the industry.Following its inception, the Washington DC-based firm has executed complex transactions while focusing on the long-term, risk-adjusted investment strategy of financing senior housing assets.Within the past three years, FRB Capital has completed morethan $250 million in senior housing development financing. Ineffort to support the development of sustainable projects throughout the country, the firm’s private mortgage REIT facility is allocating 50% of its $500 million target fund raise into senior andmezzanine debt positions.
Striving to assist at-risk, low-income older adults in New York City,JASA provides safe, affordable and accessible apartments for 2,400older adults and disabled individuals. As a go-to agency servingolder New Yorkers, JASA currently owns, manages and operates tenbuildings within the city, while committed to ongoing capitalimprovements and on-site social services within each building,such as green energy initiatives, water conservation savings programs, prepared meal delivery and online classes and programs. In2016, the agency was granted class certification by a federal judgeto represent senior citizen residents in freezing rent prices, receiving eligible rent reductions and preserving affordable housing.JASA has launched numerous programs in partnership with hospitals and organizations to develop new affordable housing assetsand assist seniors.
KEYBANK REAL ESTATE CAPITAL
With a nationwide practice dedicated entirely to senior housingand healthcare properties, KeyBank Real Estate Capital deliversdebt, equity and advisory services to senior housing clients acrossthe country. Solving the financing needs of REITs, hospitals,owners and operators as a top lender, the company provides custom solutions through permanent property financing, syndicated loans and agency financing across a range of senior housing property types. The firm consistently ranks among the toplenders for Fannie Mae, Freddie Mac and HUD. From 2017 to2019, the group originated more than $18 billion in senior housing, in addition to financing more than $5.7 billion in combinedloans with agencies for senior housing and affordable seniorhousing projects.
SILVERSTONE SENIOR LIVING
In 2013, founder and CEO, Denny Alberts utilized his extensive
experience in developing luxury condos and high-end hotels to
establish Silverstone Senior Living. Designing, building and oper-
ating new generation communities, the firm offers boutique, lux-
ury lifestyles and high-end hospitality services in desirable urban
locations. Catering to seniors’ accustomed lifestyles, without the
high costs of continuing care communities, the firm has become
an industry leader by increasing the supply of quality senior hous-
ing and meeting the needs of independent, assisted and memory-
care residents. Prior to the onset of the COVID- 19 pandemic, the
company had already begun to implement resident safety mea-
sures, such as flexible common areas, enhanced filtration systems,
touchless technology, infrared devices for high-touch service areas,
specific visitation rooms and safe, comfortable areas for caregivers
to shower and decompress.
Focusing on offering a middle-market rental housing solutionwithin suburban markets throughout the Southwest and Sunbelt,Sparrow Partners develops lifestyle-focused rental housing for residents aged 55 and above. Offering a combination of aesthetically-pleasing design, a vast suite of amenities and a full activity calendar,Sparrow Partners’ active adult housing features various floorplanoptions available at lower price points. Through its fully-integratedplatform, the firm is able to design, develop and manage communities for residents seeking an enhanced alternative to standard,traditional senior housing. Within the past three years, SparrowPartners has designed and developed five active adult communities, totaling more than 800 units, with six additional communitiescurrently under construction.
Assisting clients in making more effective investment, developmentand disposition decisions, StratoDem Analytics provides data sciences as a service to senior housing stakeholders. Generating anddelivering high-quality, hyper-local economic, demographic andperformance forecasting data, StratoDem Analytics is well-respected for deploying some of the most advanced data scienceautomations for senior housing investment and developmentanalysis. Helping clients drive disciplined investments decisionsand automate time-consuming investment and operation processes, the firm directly positions clients with an advantage toachieve best results. In addition to cultivating the next generationof data science leaders through its work at UNC and Harvard,StratoDem Analytics freely shares its learnings to benefit the seniorhousing industry as a whole.
Established in effort to shift the perception of senior living andto meet the evolved demands of older adults, Vitality Livingstrives to create vibrant, energetic communities where residentsembrace individuality, family members engage and team members thrive. CEO, Chris Guay leads the partner-owned companywith the mission for everyone fully experience life, regardless ofage or circumstance. Celebrating the value of each resident andemployee, Vitality Living challenges perceptions, advocates forchoice and supports engagement and growth, while offering asense of belonging. The company expands its footprint throughcollaborative relationships, acquisitions and developments, andbuilds its brand with like-minded owners. In addition to generating informative resources and offering an interactive website,the company aims to adapt and integrate into the culture ofeach local community; to flourish separately, while thriving collectively.