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It was exciting to talk to Chuck Herman, Chief Investment Officer of Health Care REIT, a New York Stock Exchange traded company focused on financing and owning senior living projects.  They are seeing current timing as an opportunity for investment in senior living and healthcare.  Construction costs are down, cost of capital is down, and new product in a demographically favorable improving economy creates opportunities. 

One third of their funding is to start-ups with experienced people who have a successful track record in other companies, one third is to regional operators, and one third is to the large national developers looking to diversify their financial risks.  They are talking to clients of ours in both Florida and the Midwest. 

We are also seeing banks starting to be more willing to lend for senior healthcare.