American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related real estate, has hired Ray Oborn as an executive vice president of asset management. American Healthcare Investors and Griffin Capital co-sponsor the Griffin-American non-traded healthcare REITs.
In his new role, Oborn will oversee all senior housing, skilled nursing and hospital properties within the company’s $4.2 billion portfolio of assets under management. Wendie Newman, in her capacity as executive vice president of asset management, will continue to oversee all medical office buildings within the portfolio.
Oborn joins the firm from Cherrywood Pointe Investment, where he served as president and was responsible for managing the company’s senior housing portfolio and strategic growth initiatives. He also served as executive vice president of Cherrywood’s parent company, United Properties, a Minneapolis-based real estate investment and development firm.
“Ray Oborn is an exceptional addition to our executive team, bringing with him 25 years of executive-level experience in the senior housing space, including extensive operational expertise,” said Danny Prosky, co-founder of American Healthcare Investors. “American Healthcare Investors manages an international portfolio of healthcare-related real estate valued in excess of $4 billion, including an approximately $2.9 billion portfolio of senior housing, skilled nursing and hospital assets that Ray will oversee.”
Prior to his position with Cherrywood Pointe Investment and United Properties, Oborn served as senior regional vice president of operations for Brookdale Senior Living from 2014 to 2017. In this capacity, he was responsible for the operations of more than 50 independent living, assisted living and memory care communities in Colorado, Utah, Wyoming, Montana and North Dakota.
He also previously served in executive capacities with New Perspective Senior Living and Silverado Senior Living. Additionally, from 2008 to 2010, Oborn served as the senior vice president of operations at Sunrise Senior Living for the western division and oversaw more than 70 communities in California, Colorado, Arizona, Utah, Nevada, Washington and Canada.
He began his career with ManorCare Health Services in 1995 as a licensed nursing home administrator. Oborn earned a bachelor’s degree in behavioral science and health and an MBA from the University of Utah.
American Healthcare Investors manages a 19 million-square-foot international portfolio of healthcare real estate that includes approximately 313 buildings comprised of medical office buildings, hospitals, senior housing, skilled nursing facilities and integrated senior health campuses located throughout the United States and the United Kingdom.