CNL Healthcare Properties Names New Chief Financial Officer
The board of directors of CNL Healthcare Properties, a real estate investment trust (REIT) focused on senior housing and health care facilities, has named Kevin R. Maddron as chief financial officer, treasurer and chief operating officer, effective May 1.
He will also continue to serve as senior managing director of asset management for CNL Financial Group, providing executive oversight of the company’s expansive senior housing and health care real estate portfolio.
Prior to rejoining CNL in 2011, Maddron served as the COO and CFO of Servant Healthcare Investments, where he was responsible for managing treasury and finance activities and overseeing the acquisitions, development, project analysis and due diligence efforts for the company. He previously served as vice president of asset management for CNL Retirement Properties from November 2002 until the sale of the company in October 2006.
In his new and expanded role, Maddron will lead the corporate finance, accounting and financial reporting activities for CNL Healthcare Properties, which owned more than $2 billion of senior housing and health care facilities as of March 15, 2015.
He will also continue to provide executive leadership of all asset management and operational management activities focused on senior housing and health care properties for CNL.
“I am honored to take on these new responsibilities within CNL Healthcare Properties,” Maddron said. “However, my day-to-day goal of identifying and investing in the best possible health care and senior housing assets to create a strong and diverse portfolio for our investors remains unchanged.”
Maddron has a bachelor’s degree and master’s degree in accounting from the University of Central Florida and is a certified public accountant.
EPOCH Community Names New Sales, Marketing Director
Brewster, Massachusetts-based EPOCH Assisted Living at Brewster Place has named Maura Capriccio as director of sales and marketing. Capriccio will provide guidance to seniors and their families as they navigate their senior housing and care options.
Capriccio has several years of experience directing sales and marketing for assisted living communities in Massachusetts. Prior to working in assisted living, Capriccio worked as a financial advisor specializing in long-term care and estate planning, a position that allowed her to assist seniors and their families as they coped with changing long-term care needs.
Capriccio also spent more than 18 years as the primary caregiver for her parents, in-laws and other aging family members, an experience that allows her to fully understand the concerns of the seniors she serves.
“With her extensive experience advising and caring for seniors on both a professional and personal level, Maura makes an excellent addition to the EPOCH team and will be a valuable resource for seniors on Cape Cod,” said Maureen Gardner, executive director at EPOCH Assisted Living at Brewster Place.
Carla Adamic joins The Reutlinger as Director of Marketing
Danville, California-based The Reutlinger Community has announced that Carla Adamic has joined its leadership team as director of marketing.
In this capacity, Adamic will oversee the coordination of all inquiries, admissions, sales calls, outreach to referral sources and marketing. She is also a registered nurse.
“Carla and I have worked together in the past, implementing new procedures and programs,” said Jay Zimmer, CEO of The Reutlinger. “She is dedicated, compassionate and concerned about the residents, we are very fortunate to have her join The Reutlinger Community’s team.”
Adamic has worked in the senior living industry for the past 10 years at four different communities. She re-entered the workforce after a leave of absence to raise her three children.
John Moore, William Pettit Elected as Directors to ALFA Board
The Assisted Living Federation of America (ALFA) recently announced that John Moore, founder, chairman and CEO of Louisville, Kentucky-based Atria Senior Living, and William Pettit Jr., president and CEO of Seattle, Washington-based Merrill Gardens, were elected to join the ALFA Board of Directors.
“We welcome these senior living innovators and look forward to embracing their skills and ideas as we continue to build a trade association well-equipped to address the future needs of older adults and our members who serve them,” said ALFA President and CEO James Balda.
Atria Senior Living operates 154 senior living communities in 28 states. Merrill Gardens operates 31 senior living communities in six states.
The new directors join the following ALFA Board officers: Chairman Brenda Bacon, president and CEO of Brandywine Senior Living; Vice Chairman Loren Shook, president, CEO and chairman of Silverado Senior Living; Vice Chairman Timothy Buchanan, CEO of Legend Senior Living; Secretary Charles Herman Jr., executive VP and CIO of Health Care REIT; Treasurer Bruce Mackey Jr., president and CEO of Five Star Senior Living; Public Policy Chairman Stephanie Handelson, president and COO of Benchmark Senior Living; and Immediate Past Chairman Mark Ohlendorf, co-president and CFO of Brookdale.
They also join the following Board members: Evrett Benton, CEO and co-founder of Stellar Senior Living; Jon DeLuca, president and CEO of Senior Lifestyle Corp.; Sue Farrow, chairman and CEO of Integral Senior Living; Dan Hirschfeld, president of Genesis Rehabilitation Services; Kai Hsiao, president and CEO of Holiday Retirement Corp.; Chris Hyatt, EVP and COO of Emeritus Senior Living; Ed Kenny, president and CEO of LCS; Blair Minton, president and founder of RPM Management; Pat Mulloy, CEO of Elmcroft Senior Living; Todd Novaczyk, founder and CEO of New Perspective Senior Living; Randy Richardson, president of Vi; Tiffany Tomasso, founding partner of Kensington Senior Living; Patricia Will, co-founder and president of Belmont Village; Chris Winkle, CEO of Sunrise Senior Living.
Ex-officio members are Granger Cobb, president and CEO of Emeritus Senior Living; Chairman of the President’s Council Brad Klitsch, SVP of Market Development of Direct Supply Inc.; and Sally Michael, Director of the California Assisted Living Association.
Jack Salmon Joins Traditions of America as Chief Financial Officer
Jack Salmon, who previously held executive positions in public and private REITs, has joined Traditions of America as chief financial officer. Salmon brings more than 25 years of experience in real estate finance to the developer of 55-plus communities.
“We believe Jack will help create new opportunities for Traditions of America, and help us continue our amazing growth,” said Timothy McCarthy, managing partner. “I had the pleasure of working with Jack years ago, and know he is a terrific fit for the next chapter in Traditions’ exceptional success story.”
Salmon served time as CEO of Independence Realty Trust, Inc. (NYSE: IRT) and chief financial officer and treasurer of RAIT Financial Trust (NYSE: RAS). He began his career in the Philadelphia office of Arthur Andersen, LLP and was responsible for the Financial Services and Real Estate practice. Salmon has previously worked with Traditions of America as a consultant.
“Jack Salmon’s expertise in raising capital, real estate finance and financial reporting will be valuable as we pursue future development opportunities,” McCarthy said.
Zenith Capital Welcomes New Managing Director
Seattle, Washington-based Zenith Capital, a leading source of EB-5 financing for senior housing, welcomes Anthony Hemstad as its new managing director, according to local reports.
Hemstad previously was president of the World Trade Centers in San Francisco and Tacoma. Before that, he spent 15 years abroad, including a decade spent running his own public affairs business in four post-Communist Central European countries.
Hemstad started his career as an aide to three U.S. senators.
Written by Emily Study