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| Covina, CA - David W.
Lacy, former director of senior housing for the Ramsey-Shilling
brokerage in Los Angeles, has left that post to head Senior Realty
Advisors, Inc., a consulting and real estate brokerage based in
Covina, CA, with offices in Florida. |
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| Lacy has more than 15
years of experience in senior housing, including a stint with the
Marcus & Millichap senior housing unit before joining Ramsey-Shilling.
Lacy tells GlobeSt.com that he formed Senior Realty Advisors more than
two years ago to provide a source of specialized knowledge about the
industry. The firm formerly operated as a unit within
Ramsey-Shilling, but it will now operate independently. His firm
works closely with a host of companies specializing in all facets of
senior housing, such as accounting, law, marketing, and operations. |
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| Lacy, in the last 15
years, has been involved with projects and facilities valued at more
than $450 million, served as an expert witness in court cases and
worked with local governments as a consultant on zoning issues related
to senior housing. |
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| Lacy says Senior
Realty Advisors is looking for a broad range of deals, from operators
who are looking to grow regionally to those who have decided senior
housing is not for them and are looking for an exit strategy. He
says the firm's focus is not just on doing real estate deals, but on
finding the most appropriate solution for every situation. |
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| Lacy says the senior
housing industry is still recovering from overbuilding and other
problems that followed a surge of development. "The industry
over the last several years has had to make some major adjusting and
will continue to do so for the next two to three years," he says.
These adjustments will come in the form of consolidations, stronger
local operators and "some very deep-pocket players," he says. |
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