In This Section SENIORS HOUSING OVERVIEW The seniors housing industry combines real estate, hospitality and resident healthcare. The market in the United States is highly fragmented with significant demographic tailwinds. The investment team looks for seniors housing investment opportunities with a primary focus on independent living, assisted living and memory care communities that seek to provide investors with a diversified return profile including both current income and capital appreciation over time. The investment team’s aggregation style includes strategic diversification across geographies, best-in-class operators and the acuity spectrum. Combined, the investment team has led the successful sourcing, structuring, financing and closing of approximately $2.0 billion in seniors housing transactions across 13,000 beds. The investment team also has a history of identifying opportunities through its network of long-term relationships with owners and operators. In general, we target high quality transactions, typically between $15 million and $150 million, where value can be added through capital improvements and/or the investment team’s operator relationships. INVESTMENT TEAM Trent Johnson Senior Managing Director Brian Landrum, CFA Senior Managing Director Matt Lucas Managing Director Jordan Redella Director Dash Krause Associate Keoni Kaku Analyst Luke Hands Analyst INVESTMENT CRITERIA HMC’s seniors housing investment team seeks to diversify across operators, markets, investment risk and the acuity spectrum. We target acquisition and development opportunities to create value based on our knowledge of the complex operating environment found in the seniors housing industry. Certain of the targeted properties will be stabilized, but others may exhibit what we believe are correctable problems with occupancy, physical condition, capital structure, market position and/or property management. With respect to the latter category, the investment team intends to add value by working together with experienced operating partners to resolve these issues through targeted capital expenditures, focused property management, concentrated leasing strategies and may also involve repositioning the asset in the acuity scale to respond to localized demand and/or competition. Our investment process includes origination through active outreach and existing industry relationships, healthcare and real estate due diligence and property-specific asset management. We typically seek: Transaction size: between $15 million to $150 million taking advantage of consolidation opportunities Properties: primarily independent living, assisted living and memory care communities (Class A and B) Locations: submarkets demonstrating strong age- and income-qualified demographics Operating or development partners: with solid experience and track record in the specific acuity type targeted Stabilized opportunities: including properties with best-in-class operators exhibiting consistent, reliable cash flow Value-add opportunities: including repositioning of existing properties, management turnarounds and new development Revenue mix: high private pay exposure PORTFOLIO Current Portfolio Harbert Seniors Housing Fund II, L.P. Harbert Seniors Housing Fund I, L.P. NEWS May 5, 2020 - HMC – Harbert Seniors Housing Fund II, L.P. Announces Final Close August 7, 2017 - HSHF – Harbert Seniors Housing Fund Announces Final Close CONTACT HARBERT SENIORS HOUSING 200 Crescent Court Suite 440 Dallas, TX 75201 Contact: Brian Landrum Senior Managing Director blandrum@harbert.net 469.804.3718 Trent Johnson Senior Managing Director tjohnson@harbert.net 469.804.3716 © 2021 Copyright Harbert Management Corporation Important Disclosure Information | Privacy Statement | Business Continuity Plan | Form CRS 2100 Third Avenue North, Suite 600 Birmingham, Alabama 35203 205.987.5500 The HMC internet website may occasionally use a “cookie” in order to provide better service, to facilitate your use of the website, to track usage of the website, and to address security hazards. A cookie is a small piece of information that a website stores on your PC and which it can later retrieve. We may use cookies for some administrative purposes; for example, to store your preferences for certain kinds of information. None will contain information that will enable anyone to contact you via telephone, e-mail, or any other means. If you are uncomfortable with the use of cookie technology, you can set your browser to refuse cookies. Privacy Preferences I Agree