BETHESDA, Md., Aug. 5, 2015 /PRNewswire/ -- American Capital,
Ltd. (Nasdaq: ACAS) (the "Company") announced today that the
American Capital Real Estate Finance Group ("ACRF") has expanded
its investment team with three new members: Jeff Erhardt, Paul
Nevala and Michael
Treiber. The new members will focus on sourcing,
underwriting and managing debt and equity investments in healthcare
real estate, primarily skilled nursing and senior housing
facilities. The team plans to invest through NNN lease and
joint venture equity structures and transitional bridge and
mezzanine debt. The team expects to partner with existing
U.S. Department of Housing and Urban Development ("HUD") lenders
over the near term, creating a comprehensive product offering for
owners and operators of healthcare properties.
John Scheurer, Managing Director
and Chief Investment Officer of ACRF, said, "We are delighted that
Jeff, Paul and Michael, all highly experienced investment
professionals within the healthcare real estate industry, have
joined our team, and it is great for me and Doug to be working with
Jeff again. The depth and breadth of their combined
experience in finance, healthcare real estate investing and HUD
lending will broaden our commercial real estate investment
capabilities and play an integral role in further growing our
investment platform."
Jeff Erhardt, Managing Director,
joins American Capital from GE Capital Healthcare Financial
Services where for eight years he was Managing Director leading all
aspects of the $2 billion healthcare
real estate equity and mezzanine debt platform. In addition,
Mr. Erhardt led the effort to build the HUD lending platform for GE
Capital, overseeing all aspects of the license approval process and
platform build. While at GE Capital, Jeff also led the
healthcare real estate debt portfolio management group overseeing a
$5 billion portfolio of healthcare
real estate loans. Prior to GE Capital, Mr. Erhardt was
Deputy Chief Underwriter, Structured Finance at Wachovia where for
five years he led an underwriting team focused on structured debt
investments for multifamily assets. Mr. Erhardt also held
similar roles focused in commercial real estate finance with
AMRESCO and Allied Capital.
Paul Nevala, Principal, joins
American Capital from GE Capital Healthcare Financial Services
where for the last six years he was a Senior Vice President and key
member of the Investment Research Group. In that role, Paul
covered the long-term care sector as well as state economic and
Medicaid reimbursement policies across a host of healthcare
subsectors. Prior to joining GE Capital, Mr. Nevala was a
Senior Finance Manager for a large non-profit healthcare system for
three years where he oversaw financial operations for hospitals,
nursing facilities, and a number of senior housing joint ventures.
Mr. Nevala also served as the controller for Adventist
Healthcare's Senior Living Services division. He began
his career as a nursing facility administrator for National
Healthcare Corporation.
Michael Treiber, Principal, joins
American Capital after nine years at GE Capital Healthcare
Financial Services where he was a Senior Vice President in the
Healthcare Real Estate Group. During his time at GE Capital,
Mr. Treiber was responsible for negotiating, underwriting and
managing a portfolio of senior debt, mezzanine debt and equity
investments. In addition, he was responsible for developing
the underwriting department for GE Capital's new HUD healthcare
lending platform. Prior to joining GE Capital, Michael was a
HUD underwriter for Deutsche Bank where he managed a team that
underwrote over $150 million in
multifamily and healthcare HUD loans. Mr. Treiber is a HUD
LEAN approved underwriter.
ABOUT AMERICAN CAPITAL REAL ESTATE FINANCE
American Capital Real Estate Finance is a responsive,
service-focused portfolio lender that can be a solution to the
critical, financial piece of a sponsor's value-add business plan.
The team is comprised of 11 experienced and innovative real
estate investment professionals with over 130 collective years of
commercial real estate lending, underwriting, investing and
structuring experience on multiple platforms. American
Capital Real Estate Finance invests in commercial real estate
bridge and mezzanine loans and skilled nursing and seniors housing
properties through NNN lease and JV equity structures as well as
transitional bridge and mezzanine debt. The average size
investments for the commercial real estate bridge and mezzanine
loans are from $5 million to $50
million and $3 million to $20
million ranges, respectively. The average size
investments for the healthcare platform are from $10 million to $100 million.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq:
ACAS) is a publicly traded private equity firm and global asset
manager. American Capital, both directly and through its
asset management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate, energy & infrastructure and structured
products. American Capital manages $23
billion of assets, including assets on its balance sheet and
fee earning assets under management by affiliated managers, with
$92 billion of total assets under
management (including levered assets). Through a wholly-owned
affiliate, American Capital manages publicly traded American
Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage
Investment Corp. (Nasdaq: MTGE) and American Capital Senior
Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total net book value. From
its eight offices in the U.S., Europe and Asia, American Capital and its wholly-owned
affiliate, European Capital, will consider investment opportunities
from $10 million to $600 million.
For further information, please refer to
www.americancapital.com.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking information and
statements. Forward-looking statements give our current
expectations and projections relating to the Company's financial
condition, results of operations, plans, objectives, future
performance and business. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include
words such as "anticipate," "estimate," "expect," "project,"
"plan," "intend," "believe," "confident," "may," "should," "can
have," "likely," "future" and other words and terms of similar
meaning in connection with any discussion of the timing or nature
of future operating or financial performance or other events.
Forward looking statements are not guarantees of performance or
results, and involve known and unknown risks, uncertainties (some
of which are beyond the Company's control), assumptions and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. Should one or more of these risks or
uncertainties materialize, the Company's actual results may vary in
material respects from those projected in any forward-looking
statements. A detailed discussion of these and other factors
that may affect future results is contained in our filings with the
U.S. Securities and Exchange Commission. Any forward-looking
statement made by the Company in this press release speaks only as
of the date on which it is made. The Company undertakes no
obligation to update any forward-looking statement, whether as a
result of new information, future developments or otherwise, except
as may be required by law.
Contact: Media Relations, (301) 968-9400
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SOURCE American Capital, Ltd.