COVID-19, Financial Market Uncertainty

and the Impact on Seniors Housing & Skilled Nursing

Last Month, NIC hosted the first of the NIC Leadership Huddles Webinar Series. The first webinar of the series focus on the growing COVID-19 pandemic. 

The U.S. stock market crashed on March 16th in the third worst day for the S&P 500 since the Great Depression. How has this affected the financing environment? Is financing still available for seniors housing? For skilled nursing? How have lenders responded? Will transaction volumes fall? Will property values be affected? How has the cost of capital changed?

Hear opinions on these issues and more, from experts in the capital markets and lending businesses.

Complete the form to view the webinar and download the presentation.


Beth Burnham Mace
Chief Economist

Beth Burnham Mace is the Chief Economist and Director of Outreach at the National Investment Center for Seniors Housing & Care (NIC). Prior to joining the staff at NIC, she served as a member of the NIC Board of Directors for seven years and chaired NIC’s Research Committee. Ms. Mace was also a Director at AEW Capital Management and worked in the AEW Research Group for 17 years. Prior to joining AEW in 1997, Ms. Mace spent ten years at Standard & Poor’s DRI/McGraw-Hill as the Director of the Regional Information Service. She also worked as a Regional Economist at Crocker Bank, the National Commission on Air Quality, the Brookings Institution and Boston Edison. 

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Jim Costello
Senior Vice President
Real Capital Analytics

Jim Costello is an economist who analyzes the commercial property markets. Jim communicates stories on market performance to clients of Real Capital Analytics by way of writing and presentations. Jim has worked in the commercial real estate space on issues of urban economics since 1990, including a 20-year stint with CBRE’s Torto Wheaton Research team. Jim provided advice to the Treasury Department and other policy makers in the aftermath of the Global Financial Crisis and helped educate these professionals on commercial real estate performance. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate. Jim is also a member of the Commercial Board of Governors of the Mortgage Bankers Association.



Kevin McMeen
President, Real Estate
MidCap Financial Services

Kevin McMeen is a co-founder of MidCap Financial, a private finance company focused on the middle market lending. As President of the real estate business, Mr. McMeen manages a team of 25 persons responsible for originating, underwriting and managing all real estate debt transactions. Prior to joining MidCap, Mr. McMeen led the real estate lending program at Merrill Lynch Capital Healthcare Finance. Prior to joining Merrill Lynch Capital, Mr. McMeen led the healthcare real estate segment of GE Healthcare Commercial Finance and its predecessor, Heller Healthcare Finance. Mr. McMeen is actively involved in the American Seniors Housing Association and the National Investment Center for Seniors Housing and Care, where he served as a board chairman from 2009 through 2011. Mr. McMeen holds a M.S. in Urban and Regional Planning from Georgia Tech and a B.S. in Economics from the University of Wisconsin.



Kurt Read
RSF Partners

Kurt Read, Principal, RSF Partners, co-manages the firm and is responsible for their strategic initiatives. RSF is a real estate private equity firm that is actively investing its latest fund, RSF Partners VII, in senior care and commercial real estate. Over the past decade RSF has invested in over 100 individual senior living and care properties and several senior living operating, development and management companies. Mr. Read has invested in the industry for over 25 years and has been a director of a number of private and public senior living companies including the Forum Group, Inc. and Omega Healthcare, Inc.  Mr. Read is a graduate of Cornell University and is the co-founder of the MVP Foundation, an educational foundation dedicated to providing scholarships to working healthcare professionals for advanced training.

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