Knight Frank 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, who are all experts within the senior housing and care market. Maconachy, Lavender, Fasano and Sanders specialise in investment and sales, while Anderson specialises in debt and equity.

Bringing over 25 years of combined experience, Lavender and Maconachy have completed more than $30 billion in combined healthcare-related transactions, while Fasano and Sanders have been involved in more than $12 billion of deals on behalf of some of the USA’s largest healthcare and senior housing owners.

Anderson has financed over $7 billion on behalf of some of the USA’s most active industry sponsors. 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 care market is facing an imminent crisis as the sector struggles to cope with a national shortage of beds. This disparity of care bed supply and demand is presenting increasing opportunities for international investors, and, combined with the fall in sterling, has generated a truly global appetite for the sector, particularly for those investors wishing to diversify their asset portfolios in the current economic climate.

Julian Evans, Head of Healthcare at Knight Frank, commented: “As core property markets contract, defensive sectors such as healthcare and senior living are attracting the highest levels of capital in almost 20 years. Moreover, cross-border capital is geographically agnostic and chasing both healthcare fixed-income and going concern platforms."

“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."

"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.”

For further information, please contact:

Ellie Perham-Marchant, FTI Consulting, +44 (0) 20 3727 1249