(Newswire.net — April 7, 2015) Northfield, IL — Rudy Trebels says that it is no secret that the Senior Living/Housing market is a growing and profitable sector of the real estate industry. 2014 was an incredible year for this industry. Price per unit increased at least 25% for both the assisted and independent living markets. Interest rates are down an average of 80 basis points in this potentially trillion dollar industry. Data shows that buyers out number sellers. Demand is very high, but demand is unfortunately not being met.
Wedgewood Investment Group is working with operators and developers to fill that demand. “The banks like senior living and are willing to do construction loans. Equity investors like the space due to the excellent returns. Agency funding, REITS, or commercial banks are all great non-recourse take outs,” according to Wedgewood’s President Rudy Trebels. Wedgewood recently announced four new relationships with senior living investment funds. The funds provide JV Equity and Preferred Equity investments to senior living developers and operators.
Wedgewood Investment Group’s pipeline has over $250,000,000 in senior living projects. Wedgewood, a mortgage banking entity based out Northfield, IL, a suburb of Chicago, was formed in 2009 and is focused on financing the existing demand in the senior living industry. Since 2009, Wedgewood and Trebels have advised on the funding of both debt and equity transactions to the senior housing industry across the entire United States. “Most of our clients are developers/operators with four to six projects in their pipeline and three to five new projects coming on-line per year. Our equity sources are looking for developers/operators with a platform looking for a capital partner to fund the pipeline of future projects, a programmatic pipeline relationship.” says Trebels.
To help meet the needs of the four new funds, Wedgewood Investment Group, LLC is proud to announce the addition of Tim O’Connell as Managing Director to its transaction advisory team. Based out of the company’s offices in Northfield, IL, O’Connell will focus on assisting real estate companies, developers, and operators secure financing for construction, acquisition, recapitalization, and refinancing of their real property assets.
Tim has over 25 years’ experience in senior management financial positions, most recently as Director of Development for a multi-facility Midwest based senior housing operator. In his 25+ years of experience, Tim has developed an expertise in the acquisition and integration of companies across the senior housing, healthcare, real estate and financial services industries. He has held numerous senior financial management positions specializing in financial transaction advisory services. “We look forward to Tim building new and current relationships and to grow Wedgewood’s senior housing presence,” said Rudy Trebels, Founder and President of Wedgewood Investment Group. “His operating and transactional experience make him a valuable asset and we are thrilled to welcome him to our team.” O’Connell received his undergraduate degree (BBA with concentration in Accounting) from the University of Notre Dame and a Masters in Management (MBA) graduate degree from Northwestern University’s Kellogg School of Management.
To contact Rudy Trebels or Tim O’Connell about any of your senior living financing needs, use the information below.
About Wedgewood Investment Group, LLC
Wedgewood Investment Group is an investment banking group specializing in assisting middle market companies to finance their business assets and acquisitions as well as grow their companies. Wedgewood also focuses on commercial real estate finance. We help real estate developers and businesses finance the construction, acquisition, recapitalization, and development of their real estate property assets. We do this through construction loans, mortgages, mezzanine loans and equity capital. Wedgewood’s management has completed approximately $1 billion in transactions through its relationships with over 100 lenders and investors. We’ve developed and nurtured powerful relationships with community banks, regional banks, international banks and also domestic and international investors.