“FINANCE, UNDERWRITING AND INVESTMENT ANALYSIS” AND “DEVELOPMENT” TO ANCHOR FALL SCHEDULE

CONTACT:
Mike Lurie
Office: 410-455-6380
Cellphone: 443-695-0262
mlurie@umbc.edu

BALTIMORE – The Erickson School of Aging Studies at the University of Maryland Baltimore County (UMBC) teams once again with the National Investment Center for the Seniors Housing & Care Industry (NIC) to offer a set of Executive Education courses. The series continues at UMBC with two sessions, “Finance, Underwriting and Investment Analysis” on Oct. 24-27 and “Development” on Nov. 1-4.

"‘Finance, Underwriting and Investment Analysis’ and ‘Development’ combine several of the most important ingredients of successful seniors housing and care,” said Kevin Heffner, CAE, CFRE, who recently joined the Erickson School of Aging Studies as its new Director of Executive Education.

“Finance, Underwriting and Investment Analysis” is led by Ray Braun, President, Chief Operating Officer & Financial Officer of Health Care REIT, Inc.

The course, scheduled for Oct. 24-27, is designed for lenders and equity investors as well as financial professionals within management and development companies. The course will compare seniors housing and care facilities to other real estate asset classes. It will also explore the issues of business-versus-real estate components and how to measure each.

“Development” is led by Phil Golden, Chief Operating Officer of Brightview Senior Living. The course, scheduled for Nov. 1-4, is designed to examine the entire development process of the professionally managed company.

The course includes a thorough overview of complex aspects of the seven segments of the development process. It also examines the critical roles of strategy, market and consumer research, financial feasibility and site selection.

Assessment of the difference between project-financing viability and market viability will be a central component of the sessions.

“Ray Braun of Health Care REIT and Phil Golden of Brightview Senior Living are two of the most respected leaders in their fields,” Heffner said. “The two programs promise to provide attendees with knowledge, real-world experience, and networking opportunities that they simply cannot get anywhere else.

“We're very fortunate,” Heffner added, “to have Ray and Phil leading the teaching teams. ‘Finance’ and ‘Development’ are two of the signature courses of The Erickson School's Executive Education program.”

About The Erickson School of Aging Studies:

The Erickson School of Aging Studies at UMBC was established in April 2004 with a $5 million commitment from John Erickson, CEO and founder of Erickson. The school focuses on credit and non-credit professional education, research, and policy in aging services and care.

The Executive Development Program at the Erickson School of Aging Studies at UMBC is presented in partnership with NIC, a nonprofit organization that has been the leading source of business and financial information for the senior living industry since 1991. For the last six years, NIC has conducted executive development courses in operations, management, sales, marketing, development, finance, and service quality for emerging industry leaders.

UMBC, an Honors University in Maryland, is a four-year, public research university that is home to leading experts on aging who are active in research, education, and service in the field of gerontology. It is one of a handful of universities in the nation to offer a Ph.D. in Gerontology.

For further details, please call the Erickson School of Aging Studies at UMBC at 443-543-5622.

More information online at:
http://www.umbc.edu/erickson

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Remaining 2006 NIC Executive Education Courses
At the Erickson School of Aging Studies at UMBC

Sales and Marketing
Led by David Smith, President, One on One, Service to Seniors
September 18-21, 2006

Finance, Underwriting and Investment Analysis
Led by Ray Braun, President, Chief Operating Officer & Chief Financial Officer, Health Care REIT, Inc.
October 24-27, 2006

Development
Led by Phil Golden, President and COO, Brightview Senior Living
November 1-4, 2006

Organizational Excellence and Continuous Quality Improvement
Led by Tony Ingelido, Vice President, Asbury Services, Inc.
TBA

Risk Management TBA