![]() Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care retirement communities (CCRCs) and acquiring troubled ones and turning them around.Īlthough Reis couldn’t share too much additional information about his company’s dealings with the Clare and its sponsor, the Franciscan Sisters of Chicago Service Corp., due to confidentiality agreements, he did tell us his plans to change the luxury high-rise’s entrance fee refund structure if his bid is accepted what makes him so favorable toward the CCRC model of senior living and why the current model of nonprofit financing will “go the way of the dodo bird.” After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview.
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