Profile of Significant Engagements
Tellatin, Short, Hansen & Clark, Inc. has performed a large number of major portfolio assignments during the past 20 years for major financial services companies, healthcare property owners and litigation cases. We have listed below a selection of our significant projects.
| 2005 |
|
Performed a valuation on a $1.5 billion portfolio of seniors housing, skilled nursing facility and hospital loan assets for the buyers of a large commercial real estate loan portfolio, production and servicing entity. Appraised a portfolio of 36 seniors housing facilities owned by a REIT and leased to various regional and national operators for a $250,000,000 financing transaction. Prepared appraisal reports for a national bank involving a portfolio of 90 nursing facilities in 22 states; involved a single borrower and 25 tenants |
| 2004 |
|
Prepared appraisal reports for Bank of America involving a portfolio of 38 nursing facilities and long-term acute care hospitals; involved a REIT as the borrower and five tenants |
| 2003 |
|
Assisted a Wall Street firm in developing a bid for a healthcare loan portfolio in excess of $1.5 billion. Prepared appraisal reports on five Ardent Healthcare acute care hospitals in three states for financing with BankOne acting as the lead bank. Prepared appraisal reports for Bank of America involving a large acquisition/loan transaction of Marriott Senior Living properties being purchased by CNL and managed by Sunrise Senior Living. Prepared appraisals of market rent for 43 nursing and assisted living facilities for the Delaware Federal Bankruptcy Court in Litchfield/GMACCM v. I.H.S. - the court awarded 100 percent of our market rent estimate. Prepared appraisal reports on 31 SNF and long term acute care hospitals for GMACCM, Key Bank, SouthTrust and Washington Mutual. |
| 2002 and 2001 |
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Prepared appraisal reports for two major financing transactions involving Ventas/Kindred Healthcare for Merrill Lynch |
| 1999 |
|
Consulted with an REIT in reviewing market rental values for over 250 nursing facilities and hospitals in their portfolio, focusing on the impact on Medicare PPS. |
| 1998 |
|
Appraised for the largest creditor the bulk of nursing facilities of a public nursing facility company in bankruptcy. |
| 1993 |
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Appraised 85 nursing facilities for Morgan Guaranty Trust Company for the debt restructuring of The Hillhaven Corporation, the nation's second largest operator of nursing facilities. |
| 1992 |
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Consulted with Daiwa Securities on the successful purchase of a $250 million pool of nursing facility and retirement apartment mortgages from the RTC, and the subsequent public offering of commercial mortgage pass-through certificates. Approved as a financial advisory to the RTC concerning the sale of nursing facility mortgages. |
| 1990 and 1991 |
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Appraised all 136 nursing facilities owned and operated by Health Care and Retirement Corporation of America (HCR) for Salomon Brothers in a $425 million transaction. |
| 1988 |
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Prepared appraisals on over 40 nursing facilities for Solomon Brothers for a REMIC transaction. |
| 1985 |
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Prepared the initial appraisals for the formation of Nationwide Health Care Properties, Inc., formerly Beverly Investment Properties, for Merrill Lynch's initial public offering. |