StephenRosenberg, Greystone's founder and chief executiveofficer.
CHICAGO—The skilled nursing industry is in the midst of someprofound changes, including a significant shift in who owns suchproperties. These regulatory, operational and market challengeswere on the minds of the more than three thousand attendees at theNational Investment Center's Fall Conference, heldthis week in Chicago. At the conference, GlobeSt.com sat down withofficials from Greystone, a New York-basedlender that also owns and operates a large number ofproperties for seniors, to discuss the sea change taking place.
One of the big realizations within the skilled nursing industryin the past few years is that it's difficult to operate on anational scale, Mark R. Jarrell, head of theportfolio lending group, tells GlobeSt.com. The regulations thatgovern such businesses are unique to each state, and some can bequite stringent. Local knowledge, and personal relationships withregulators, can be the key to a successful operation.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
