The seniors housing industry combines real estate, hospitality and resident healthcare. The market in the United States is highly fragmented with significant demographic tailwinds.
The investment team looks for seniors housing investment opportunities with a primary focus on independent living, assisted living and memory care communities that seek to provide investors with a diversified return profile including both current income and capital appreciation over time. The investment team’s aggregation style includes strategic diversification across geographies, best-in-class operators and the acuity spectrum.
Combined, the investment team has led the successful sourcing, structuring, financing and closing of approximately $2.0 billion in seniors housing transactions across 13,000 beds. The investment team also has a history of identifying opportunities through its network of long-term relationships with owners and operators. In general, we target high quality transactions, typically between $15 million and $150 million, where value can be added through capital improvements and/or the investment team’s operator relationships.
Trent was born and raised in Colorado Springs, Colorado. He attended Augsburg College in Minneapolis, Minnesota, graduated cum laude with a BA in Accounting and was a four-year hockey letterman. After graduating from Augsburg College in 1993, he returned to Colorado to attend the University of Denver College of Law where he graduated with a Juris Doctorate degree in 1996. After graduating law school, he spent the next eight years in private practice including five years with the Denver office of the national law firm Kutak Rock LLP where he represented clients in all aspects of real estate transactions and project finance. In 2004, he joined Apartment Investment and Management Company (“Aimco”; NYSE: AIV) as a transactional attorney and led real estate and corporate transactions. At Aimco, Trent participated in approximately $4 billion of multifamily real estate transactions. In 2012, Trent relocated to Dallas, Texas as Senior Vice President for Holiday Retirement, an affiliate of Fortress Investment Group LLC (“Fortress”). In 2013, he joined Fortress as Vice President and was promoted to Managing Director in 2014. During his tenure at Fortress, Trent helped lead approximately $800 million of seniors housing transactions across 15 states. He is a member of the Colorado and American Bar Associations. Trent joined HMC in July 2015.
tjohnson@harbert.net
Brian was born and raised in Dallas, Texas. He attended The University of Texas at Austin (“UT-Austin”) and graduated magna cum laude with a BA in Economics and a BBA in Business Honors and Finance in 1997. After UT-Austin where he was Phi Beta Kappa and Beta Gamma Sigma, he worked at Goldman, Sachs & Co. in the real estate principal investment area and private wealth management group before attending Harvard Business School (“HBS”). After graduating from HBS in 2003, Brian joined Walton Street Capital (“WSC”) in Chicago as an Associate and was promoted to Principal in 2006. While at WSC, he began in an asset management functional role and eventually led acquisitions in the seniors housing, student housing and market rate apartments sectors totaling approximately $1.3 billion of transaction value. In 2012, Brian relocated to Dallas, Texas as Executive Vice President – Investments for Holiday Retirement, an affiliate of Fortress Investment Group LLC (“Fortress”). In 2013, he joined Fortress as Vice President and was promoted to Managing Director in 2014. During his career Brian has been an integral team member across $2.5 billion of seniors housing transactions including personally sourcing $1.4 billion of off-market deal generation. Brian is a CFA charterholder and has been a member of the American Seniors Housing Association since 2007. Brian joined HMC in September 2015.
blandrum@harbert.net
Jordan was born and raised in Atlanta, Georgia. He attended the University of Georgia in Athens (“UGA”) and graduated from the Terry College of Business with a BBA in Finance & Banking in 2008. After graduating from UGA, he joined iHealth Technologies as a Financial Data Analyst. In 2010, Jordan joined Fannie Mae (“FNMA”) in Washington, DC as a Credit Risk Analyst within the Multifamily Business Unit. While at FNMA, he participated in the Multifamily Corporate Rotational Program where he completed credit training and went on to work in both the Credit Review and REO groups. In 2012, Jordan relocated to Dallas, Texas as an Analyst on the acquisitions team for Holiday Retirement, an affiliate of Fortress Investment Group LLC (“Fortress”). In 2013, he joined Fortress as an Analyst and was promoted to Associate in 2014. Since 2013, Jordan has led $1.3 billion of seniors housing transactions representing 42 properties with over 5,200 beds across 18 states. Jordan joined HMC in August 2015 and serves on HMC’s Environmental, Social and Governance (ESG) Committee reporting to its Board of Directors.
jredella@harbert.net
Michelle was born in Houston, Texas and raised in Florence, Alabama. She attended The University of Alabama, graduating Magna Cum Laude with a Bachelor of Science in Accounting in 2013 and Cum Laude with a Masters of Tax Accounting in 2015. Michelle then moved to Nashville, Tennessee and joined Ernst & Young LLP as a Tax Associate, serving companies primarily in the healthcare and automotive industries. In 2019, Michelle relocated to Birmingham, Alabama and joined HMC as a Real Estate Accountant working exclusively on the Seniors Housing portfolio investments. Michelle joined the Seniors Housing Investment Team in April 2022. Michelle is a Certified Public Accountant – Inactive.
mclaiborne@harbert.net
Luke was born and raised in Dallas, Texas. He attended The University of Texas at Austin and graduated with a Corporate Finance degree and Accounting minor in 2021. After graduating from UT-Austin, he worked for Montgomery Street Partners on their acquisition team in Dallas. Luke joined HMC in July 2021.
lhands@harbert.net
Simon was born in Chicago, Illinois and raised in Seattle, Washington. He attended Miami University, graduating with a Bachelor of Science in Kinesiology and Health concentrating in Sports Management, and a Bachelor of Arts in Journalism. Prior to graduation in 2021, Simon worked with Fortress Investment Group LLC on the Credit Investment team. Following graduation, he joined the Seniors Housing team at HMC as an acquisitions and asset management intern. Simon joined HMC full time in March 2023.
slevy@harbert.netHMC’s seniors housing investment team seeks to diversify across operators, markets, investment risk and the acuity spectrum. We target acquisition and development opportunities to create value based on our knowledge of the complex operating environment found in the seniors housing industry. Certain of the targeted properties will be stabilized, but others may exhibit what we believe are correctable problems with occupancy, physical condition, capital structure, market position and/or property management. With respect to the latter category, the investment team intends to add value by working together with experienced operating partners to resolve these issues through targeted capital expenditures, focused property management, concentrated leasing strategies and may also involve repositioning the asset in the acuity scale to respond to localized demand and/or competition. Our investment process includes origination through active outreach and existing industry relationships, healthcare and real estate due diligence and property-specific asset management. We typically seek:
100 Crescent Court
Suite 450
Dallas, TX 75201
Contact:
Brian Landrum
Senior Managing Director
blandrum@harbert.net
469.804.3718
Trent Johnson
Senior Managing Director
tjohnson@harbert.net
469.804.3716