- Health Wave Partners strategy will focus on compelling investment opportunities in the senior housing sector
- Strategic partnership with Macquarie Asset Management enables investment in high-quality properties and partnerships with experienced operators in regions with strong demographic and economic fundamentals
Today, Macquarie Asset Management announced the launch of Health Wave Partners, a senior housing platform with a strategy aimed at targeting investments in modern senior housing assets alongside established operators.
The platform will be led by a management team that comprises:
- John Cobb, Chief Executive Officer
- Philip Kayden, Chief Investment Officer
- Elliot Pessis, Chief Operating Officer
- Sean O'Malley, Managing Director, Finance
- Holden Torrens, Director of Investments.
The management team collectively brings more than 75 years of experience in the senior housing sector and has collectively been involved in over $US50 billion worth of healthcare real estate transactions.
Health Wave Partners will aim to capitalize on the strength of Macquarie Asset Management's extensive experience and demonstrated track record of growing and institutionalizing specialist operators by partnering with global institutions in an effort to seize this opportunity and deliver attractive risk-adjusted returns. Macquarie Asset Management's real estate team believes the senior housing sector is poised for growth given a shift in demographics driving demand and a current undersupply. In the U.S., the aging baby boomer generation is set to expand the population aged 80+ at the fastest pace in history, materially outpacing new senior housing supply. This shift comes as higher interest rates and building costs have led to a rapid deceleration in construction.
"We have extensive experience in targeting sectors bolstered by structural tailwinds and selecting the optimal team within those sectors to partner with," said Eric Wurtzebach, Head of Real Estate for Macquarie Asset Management. "We believe Health Wave Partners is uniquely positioned to access pipeline and mitigate execution risks."
"Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in regions with strong demographic and economic fundamentals," said John Cobb, CEO of Health Wave Partners. "We believe our team's expertise and strategic partnership with Macquarie Asset Management positions us for success and are excited to pursue what we believe is a strong opportunity in the market."
Macquarie Asset Management has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, offering clients access to a differentiated approach and local market expertise by investing in and partnering with specialist operators to create opportunities in hard-to-access sectors.
About Health Wave Partners
Health Wave Partners is a Chicago-based housing platform, investing to deliver modern, best-in-class accommodation for seniors alongside experienced operators. It is supported in this goal through its strategic partnership with Macquarie Asset Management (MAM). MAM's differentiated real estate strategy focuses on investing into specialist operating platforms. Through the partnership, Health Wave Partners is supported by access to MAM's deep resources and expertise.
Health Wave Partners' highly experienced team invests in high-quality properties and experienced operators in regions with strong demographic and economic fundamentals to deliver compelling risk-adjusted returns.
