Independent global property consultancy Knight Frank has made five senior management hires to its global healthcare and senior living team.
The firm has appointed David Fasano as senior managing director, Ross Sanders and Sarah Anderson as managing director and Ryan Maconachy and Chad Lavender as vice chairman. Maconachy, Lavender, Fasano and Sanders specialise in investment and sales, while Anderson specialises in debt and equity.
Julian Evans, head of healthcare at Knight Frank, commented: 'These are first-class hires by Newmark Knight Frank as they will bring further depth to Knight Frank’s global healthcare and senior living offer. Our market-leading team is truly globally connected to ensure our clients are receiving best-in-class advice in both brokerage and advisory services.'
Bringing over 25 years of combined experience, Lavender and Maconachy have completed more than $30 bn (€27 bn) in combined healthcare-related transactions, while Fasano and Sanders have been involved in more than $12 bn of deals on behalf of some of the USA’s largest healthcare and senior housing owners. Anderson has financed over $7 bn on behalf of some of the USA’s most active industry sponsors, the firm said. In addition to senior housing, Maconachy and Lavender will also focus on medical office, life sciences and hospitals, as well as other alternative real estate asset classes.
'The UK healthcare and senior living industry is very immature compared to the US and requires huge investment just to keep up with present demand, never mind the future. With medical advances and an ageing population, the UK does not have the facilities to cope with the requirements that this section of society is going to need going forward,' added Evans.
According to the consultancy, around £6.8 bn (€8 bn) has been invested into UK healthcare property over the last decade.
