Macquarie Asset Administration has launched Well being Wave Companions, a brand new senior housing platform trying to goal investments in belongings alongside established operators.
The platform is being led by John Cobb as CEO; Phillip Kayden as chief funding officer; Elliott Pessis as chief working officer; Sean O’Malley as managing director of finance; and Holden Torrens as director of investments, based on a press launch.
In its first yr, the platform is trying to deploy between $300 million and $500 million, James Besson, managing director of actual property at Macquarie, informed Senior Housing Information.
“We’ve put in place an amazing staff,” Besson stated. “The main target is actually going to be round form of deploying capital into the chance out there that exists right this moment. That’s in all probability what you’ll see from us subsequent.”
The platform goals to “companion with world establishments in an effort to grab this chance and ship enticing risk-adjusted returns” at a time when demographics are shifting and the newborn boomer era is about to develop the 80+ inhabitants the quickest in historical past, the discharge states. The operators the platform companions with are prone to be pushed by actual property alternatives and relying on the operator’s regional strengths, Besson stated.
Well being Wave Companions plans to put money into high-quality properties and collaborate with skilled operators in areas that exhibit sturdy demographic and financial fundamentals, Cobb stated within the launch.
“We imagine our staff’s experience and strategic partnership with Macquarie Asset Administration positions us for achievement and are excited to pursue what we imagine is a powerful alternative out there,” he stated.
Eric Wurtzebach, head of actual property for Macquarie Asset Administration, added that he believed the platform was “uniquely positioned to entry pipeline and mitigate execution dangers.”
Collectively, the administration staff has over 75 years of senior housing expertise and has been concerned in over $50 billion in healthcare transactions over their careers.
