CPN 2008 GreenBook

Seniors Housing Providers services and seniors housing apartments over the next few years. At press time, it had $200 million worth of senior care property under construction. The society is 85 years old. $50 billion. In February 2008, the company formed a sister entity, PCM Consulting Services Inc., to provide preparation, financial analysis and governance-structure modeling for builders and developers that are creating community associations. The companies employ more than 1,400 people. Holiday Retirement Corp. Holiday Retirement Corp. provides independent seniors housing and manages more than 300 independent-living retirement communities in the United States and Canada. Founded in 1971, the company remains based in Salem, Ore. It opens 15 to 20 communities each year. Amenities include live-in management teams; three daily, chef-prepared meals; weekly housekeeping and linen service; and scheduled local transportation. Sunrise Senior Living Inc. Sunrise Senior Living Inc. offers personalized seniors services, including for independent living, assisted living, Alzheimer’s disease and other memory-loss care, as well as nursing, rehabilitation and hospice care. The firm operates 441 communities in the United States, the United Kingdom, Canada and Germany that have a combined capacity of more than 54,000 residents. It is constructing another 40 communities that can house 5,300 residents. In April 2008, Sunrise opened its first community in the West Island of Montreal—its first property in the province of Quebec and its 13th property in Canada. Life Care Services L.L.C. Life Care Services L.L.C. develops and manages seniors housing communities nationwide, offering a group purchasing program and home health services, among other programs. The Des Moines-based company serves more than 80 continuing-care, life-care and assisted-living communities in 30 states, and five more are in various stages of development, from pre-sale and construction through initial fill-up. Sunwest Management Inc. Sunwest Management Inc. manages more than 280 retirement, assistedliving and short-term-nursing-care facilities that house 18,000 residents, all for individual owners. The firm’s 300 professionals support the 14,000 employees who work in the facilities. Founded in 1991, it remains an active member of its original community, in Salem, Ore. EDWARD KENNY President & CEO Life Care Services L.L.C. Professional Community Management of California Inc. JON HARDER DONNY DISBRO Vice President Professional Community Management of California Inc. President & CEO Professional Community Management Sunwest Management Inc. of California Inc. manages homeowners associations’ common-interest developments for master- “As the general population ages and Baby Boomers enter planned communities, condotheir retirement years, our challenge will be to meet the miniums, active-adult masterplanned communities and busi- changing needs—and numbers—of our incoming residents, ness parks in Southern Califor- as well as the changing concerns of the friends and family nia. It manages almost 100,000 units for 250 community associ- members who help to influence their ultimate selection of a ations representing a combined retirement lifestyle.” —Sheryl Bauer, Holiday Retirement Corp. real estate value of more than Service Firms Apartment Realty Advisors Investment-advisory brokerage firm Apartment Realty Advisors focuses exclusively on the sale of multi-family communities. Conventional brokerage has formed the cornerstone of the Atlanta-based firm’s platform, but shifting investment strategies among its clients led to the recent development and launch of national practice groups focused on student, GARY KACHADURIAN seniors and affordable housing. ApartChairman Apartment Realty Advisors ment Realty operates offices across the United States and has penetrated more than 300 markets. Coldwell Banker Commercial Affiliates Inc. Coldwell Banker Commercial Affiliates Inc. continues its targeted growth, adding affiliates to its global network in such top-tier areas as Minneapolis and Seattle. It includes more than 260 members and is positioning itself as a national player in major markets. The organization operates in all major comRICK DAVIDSON mercial real estate products and sectors. President & COO Coldwell Banker It finished 2007 with its biggest ever Commercial Affiliates Inc. gross income, having completed more than 20,000 transactions totaling almost $16 billion. The firm has launched several companywide green initiatives, including recycling its professionals’ used cell phones. Commercial Property News 23 The 2008 Multi-Family Greenbook

Table of Contents Feed for the Digital Edition of CPN 2008 GreenBook

CPN 2008 Greenbook Table of Contents Industry Update Green Update Giants Owners, Managers & Developers REITs Finance Firms Seniors Housing Providers Service Firms Software Providers Activity Index Alphabetical Master Listings

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