American Capital Real Estate Finance Expands Investment Team

Aug 05, 2015, 11:47 ET from American Capital, Ltd.

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

SOURCE American Capital, Ltd.



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