Senior Housing Companies Named to Inc Magazine’s Fastest Growing Business List

John Yedinak | August 31, 2011

Two companies that focus on senior housing were named to Inc. Magazine’s annual Inc. 5000 list of of the nation’s fastest growing private companies.

Based in Columbus, Ohio, Lancaster Pollard, a mortgage and investment banking provider to senior housing and healthcare organizations was named to the list and ranked #2,361 overall and #110 in financial services.

“Lancaster Pollard was created to serve health care and affordable housing providers,” said Chairman and CEO Thomas R. Green. “Our growth demonstrates that debt financing remained available for many providers despite the tumultuous credit markets of the past few years. When the market for traditional bond financing became tighter we were able to use government agency programs, such as FHA/HUD, and temporary financing structures made available by the American Recovery and Reinvestment Act to provide the funding for our clients’ needs.”

Revenue at Lancaster Pollard grew 102% over the last three years, reaching $48.2 million in 2010 according to data from Inc.

Mainstreet Property Group, a developer of senior housing properties was named to the list as well. Based in Cicero, Indiana, the company ranked #2,161 on the list and #33 in the real estate category.

“There is a real void in the market right now for choice and innovation in the senior care field,” said Zeke Turner, Chairman and CEO of Mainstreet. “We are changing that by giving seniors the amenities and concierge service that they demand.”

Mainstreet saw revenue grow 115% over the last three years, reaching $9.6 million in 2010 according to Inc.

Senior home care companies such as Always Best Care Senior Services, Caring Senior Service, and Senior Helpers were also named to the list of fastest growing companies.

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