American Healthcare Investors Names Brian Peay EVP and CFO
American Healthcare Investors, a commercial real estate investment firm that specializes in the acquisition and management of healthcare-related properties, hired Brian Peay to serve as executive vice president and chief financial officer.
The boards of directors of Griffin-American Healthcare REIT III, Inc. and Griffin-American Healthcare REIT IV, Inc., which are co-sponsored and managed by American Healthcare Investors, have also appointed Peay to serve as their chief financial officer.
Peay joins American Healthcare Investors from Veritas Investments Inc., a private real estate investment management company with more than $2 billion of assets under management, where he served as chief financial officer. While with Veritas, Peay was the principal financial executive with oversight of fund accounting, investor relations, and sourcing and structuring of debt, as well as financial planning, corporate budgeting, tax structuring and management of all accounting functions for the firm.
“Brian Peay is an important addition to our executive team, bringing with him more than 28 years of experience as a financial professional, including extensive experience in commercial real estate investment,” said Danny Prosky, a founding principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV.
He added, “American Healthcare Investors is one of the largest managers of healthcare real estate in the nation with more than $8 billion in assets under management and one of the most successful sponsors of public non-traded REITs. The addition of an executive of Brian’s caliber and experience is a meaningful benefit to our company as we continue to grow and expand our platform. We couldn’t be more pleased to have him join our management team.”
Peay previously served in a series of management positions with Glenborough Realty Trust Inc., a formerly New York Stock Exchange-listed REIT, ultimately as executive vice president and chief financial officer. During his 15-year career with Glenborough, he was a member of a four-person executive management committee responsible for the strategic direction of the company. He also played an integral role in the sale of the company to Morgan Stanley Real Estate Fund V, after which it became known as Glenborough LLC.
Peay received a bachelor’s degree in business economics from the University of California, Santa Barbara and earned a CPA designation from the state of California, which is currently inactive.
American Healthcare Investors oversees a 29 million-square-foot portfolio valued at approximately $8 billion, based on aggregate purchase price, on behalf of multiple investment programs that include thousands of individual and institutional investors. As of March 31, 2016, this international portfolio includes approximately 600 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.
