So I am happy to have you here and shed some light on what’s going on in the CCRC market. He’s probably done about everything you can in the CCRC world. He has sold them, developed them, bought bonds of distressed CCRCs. I’m here with David Reis, the CEO of Senior Care Development. Regis Deer Crest (in Deer Valley a ski in/ski out world class property whose development David oversaw. Through his affiliated company Falcon Investors, LLC David along with his partners at Formation Capital recently entered the high end hospitality business with the development and construction of the St. Since 2001 David (through affiliated entities) has also been lucky enough to be both a partner and minority investor in Formation Capital, LLC led investments in the SNF space and currently holds minority interests in over 280 SNF’s. Senior Care Development is currently pursuing the purchase of distressed CCRC’s, hospitals, and other high barrier to entry and/or unique senior related projects. He has personally developed for his own account over $500,000,000 in retirement oriented projects such as: Evergreen Woods, a full service CCRC of 296 total units in North Branford, Conn., and Meadow Ridge consisting of 410 total units located in Redding, Conn., as well as assisted living and nursing homes….all of which (other than Meadow Ridge) he sold in the frothy markets of 2006 and early 2007.

In this “Expert Opinion” interview, David Reis of Senior Care Development discusses what’s happening in the CCRC market today and what long term effects market conditions are having on both for-profit and not-for-profit developers.įor the past twenty years David Reis (through his company Senior Care Development, LLC and its affiliates) has been a developer-owner of senior living facilities that span the continuum of care from independent living, assisted living, skilled nursing care, and continuing-care retirement communities.

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David reis senior care development