Grubb & Ellis Landauer Valuation Advisory Services announced the creation of a practice focusing on senior housing and healthcare.
The practice will be lead by Craig Smith, managing director, who will focus on areas including continuing care retirement communities, assisted living facilities and rental retirement campuses, and others related to the industry.
The team has over 50 years of experience in the area and have been involved in more than 4,500 healthcare and senior housing projects.
“Structural changes in both the senior housing and healthcare sectors are driving the growing need for advisory and valuation services,” said Eduardo Alegre, executive managing director of Grubb & Ellis Landauer. “The new practice provides synergies and the opportunity to collaborate with Grubb & Ellis’ Senior Housing practice group and Healthcare Properties Group, with growth opportunities not as constrained by economic cycles.”
Grubb & Ellis Landauer Valuation Advisory Services was formed in 2010 to help the company expand into complementary businesses that are necessary to provide comprehensive commercial real estate solutions to its growing client base. The company now has a presence in more than 35 markets in 19 states and Washington D.C.
Written by John Yedinak