| In an industry where
connections are key, David W. Lacy has taken relationship building to
the next level. |
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| The
founder of Covina-Based brokerage and consulting firm Senior Realty
Advisors Inc. is so focused on his clients' needs that he will
actually refer them elsewhere even if it means losing a commission for
himself. "We weren't formed just to sell people's property,"
Lacy says of his firm. "We want people to understand that we're
all about providing information services to take care of their needs."
More |
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| Senior Housing
Specialist Re-Establishes Firm, GlobeSt.com March 2003 |
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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. More |
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| Shortage of
Affordable Senior Housing in Store, Critics Say, Los Angeles Times |
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| This graying of
America has prompted "almost everybody and their brother to get into
the act: of developing assisted-living facilities, Lacy notes, but, he
said, the emphasis on upscale facilities in Southern California could
hurt developers and investors in the future. |
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| "Everybody is
developing high-end projects at the same time, and that could cause
rental rates to drop for the high-end product" by the time the
projects are completed, he said. More |
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| Reseda site to
reopen under new operators, Daily News, November 1997 |
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| The company has begun
major renovations at the 99-bed facility, Lacy said. |
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| So far, Chase Group
has replaced portions of the facility's roof, redesigned the entry
area, repainted and recarpeted the interior, installed new kitchen
equipment and replaced several of the beds at a cost of more than
$325,000, Lacy said. More |
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| Southland Faces
Shortage of Seniors Facilities; Affordable Sector Termed "Severe" |
| WREN Western
Real Estate News, July 1998 |
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| While Southern
California faces a shortage of some 8000 congregate care and assisted
housing units for its senior citizens, a rash of upscale projects are
planned, leaving conditions on the affordable end of the spectrum
severe, according to the top health care facility executive for a
veteran Southland commercial real estate company.
More |
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