Welltower Expands Finance and Investment Leadership Team
Welltower Inc. (NYSE: HCN), one of the big three health care real estate investment trusts (REITs), recently announced the hiring of Shankh Mitra and Tim McHugh as senior vice presidents, finance and investment. Both Mitra and McHugh will report to Scott Estes, executive vice president and chief financial officer.
Mitra and McHugh will support the organization’s finance and capital markets teams under the leadership of Estes and will also work closely with Scott Brinker, executive vice president and chief investment officer, and the Welltower investment team to develop and execute the company’s investment strategy.
Mitra joins Welltower from Millennium Parters, a global institutional asset management company, where he served as portfolio manager of real estate securities. In his previous role at Millennium Partners, Mitra managed an analyst team responsible for bottom-up underwriting of commercial real estate companies and portfolio, security selection, quantitative portfolio and risk management. He has also previously served as an analyst at Citadel Investment Group and Fidelity Investments’ Pyramid Global Advisors.
McHugh comes to Welltower from RREEF Management, L.L.C, the global alternative investment management business of Deutsche Bank’s Asset Management division, where he served as a senior analyst. There he focused on health care, office and specialty sectors and was responsible for developing sector level underwriting methodologies, valuing individual securities and producing investment recommendations. He previously served as an equity research analyst at Northern Trust.
LTC Adds to Management Team
LTC Properties, Inc. (NYSE: LTC), a REIT that primarily invests in seniors housing and health care properties, announced it has hired Doug Korey as senior vice president of business development and Mandi Hogan as director of marketing.
Korey steps into a newly created position, bringing 25 years of experience in the seniors housing and care industry. He most recently served as president of Lancaster Pollard Finance Co., a specialty finance company. He is a member of the National Investment Center for Seniors Housing & Care (NIC).
Hogan is succeeding Mark Hemingway, vice president of marketing, who is retiring as a full-time employee effective February 29, 2016. Hemingway will remain with LTC on a part-time basis after that time. Hogan has more than 20 years of experience in marketing, most recently serving as national director of marketing with National Health Investors (NHI).
Mainstreet Announces String of New Hires
Mainstreet, the largest developer of transitional care properties, announced eight new hires at the end of the year.
Jen Brown joins Mainstreet as a program coordinator. She previously served as the business solutions consultant for IT operations at UnitedHealthOne. She has earned numerous Bravo Awards, which recognize individuals for setting up new efficient processes leading to significant cost savings, higher quality output and waste reduction. She is also the co-founder of the Random Kindness Organization in Zionsville, Indiana.
Lisa Clark is Mainstreet’s newest hospitality coordinator. She has previously served as a store manager at Chico’s, an admissions assistant and in various roles with Carlson Wagonlit Travel for 18 years.
Matthew Lang has joined Mainstreet as a senior data analyst. His previous experience includes time at ITT Educational Services as a senior quantitative analyst and Houston Independent School District as senior manager of information analysis and utilization. He has published several articles in numerous journals and was a strategic data project fellow with the Center for Education Policy and Research at Harvard University.
Jen Lewis joins Maintreet as the newest development manager. She has over 15 years of real estate experience, including residential sales/brokerage, acquisition and development. She most recently served as a leasing manager for Lillibridge Healthcare Services.
Emily Marsh is Mainstreet’s newest community manager of student housing. She comes to the company from Birge & Held, where she served as a community manager for two properties. She is a Certified Apartment Manager and is currently pursuing a bachelor’s degree from Ball State University.
Emily Moliter has been hired as Mainstream’s newest executive assistant. She comes to the company from Hoosier Lottery, where she served in a variety of roles, including executive assistant to the director and retail marketing assistant.
J.C. Rivera joins Mainstreet as an associate counsel. Most recently, he served as vice president and counsel at Pedcor Companies, where he was an attorney on commercial transactions and real estate development. He is a board member with the Indianapolis Bar Association’s health and Life Sciences Section.
Jennifer Walde has been named Mainstream’s new human resources administrative assistant. Prior to joining the company, she spent eight years at Butler University in internship and career services as a career advisor and program manager.
Kendal Corporation Names New President and CEO
Kendal Corporation, one of the top 10 largest not-for-profit senior living organizations in the nation, announced Sean M. Kelly succeeded John Diffey as president and CEO on January 1, 2016. Diffey served more than two decades as Kendal’s chief executive and notified the Kendal Board in March 2015 of his plans to retire in 2016.
Kelly has served as Kendal’s director for new business development since 2008. During his time with the company, Kelly has been responsible for leading and managing organizational efforts aimed at fostering new opportunities for growth, while supporting planning and development initiatives for existing Kendal communities. Kelly is well known in the aging services field and has spoken on various topics around the country.
Diffey will stay with the company on a part-time basis as Kelly builds elements of Kendal’s new leadership team in the corporate office, according to the company.
Prior to joining Kendal, Kelly served for 11 years with Connecticut-based Retirement Living Services, a development, finance, marketing and operations consultant to senior housing and service providers throughout the United States.
Sagora Senior Living Names Kim Praytor as Executive Director of New Community
Sagora Senior Living, a Fort Worth-based senior living provider that operates 18 independent living, assisted living and memory care communities in Texas, Oklahoma, Alabama and Florida, has named Kim Praytor as executive director of The Veraden, its latest community located in Edmond, Oklahoma.
Praytor joins Sagora with nearly 25 years of experience in the senior living industry in Oklahoma and Texas. She was most recently the executive director for the Rivermont retirement community in Norman, where she oversaw the management, day-to-day operations and budgeting of the complex.
In her new role, Praytor will oversee all day-to-day operations and management for The Veraden.
Lenox Hill Construction Promotes Chris Osinski to Executive Vice President
Chris Osinski has been named executive vice president of Lenox Hill Construction, a Chicagoland commercial construction company with senior housing clients. Osinski has served as a long-time associate and former director of project management.
As director of project management, Osinski oversaw all planning, coordinating and the execution of every building project from start to finish, working directly with clients, vendors and the architect to provide expert scheduling, cost management and value engineering.