Property consultancy Knight Frank has recruited five senior managers to bolster its global healthcare and senior living platform.

David Fasano has been appointed senior managing director, Ross Sanders and Sarah Anderson have been recruited as managing directors, and Ryan Maconachy and Chad Lavender have taken vice-chairman roles.
Maconachy, Lavender, Fasano and Sanders specialise in investment and sales, while Anderson specialises in debt and equity.

Lavender and Maconachy have completed more than $30 billion in combined healthcare-related transactions, while Fasano and Sanders have been involved in more than $12 billion of deals on behalf of US healthcare and senior housing owners. Anderson has financed over $7 billion on behalf of some of active US industry sponsors.

In addition to senior housing, Maconachy and Lavender will focus on medical office, life sciences, hospitals and other alternative real estate asset classes.  

Knight Frank head of healthcare Julian Evans said: “As core property markets contract, defensive sectors such as healthcare and senior living are attracting the highest levels of capital in almost 20 years. Moreover, cross-border capital is geographically agnostic and chasing both healthcare fixed-income and going concern platforms.

“The UK healthcare and senior living industry is very immature compared to the US and requires huge investment just to keep up with present demand, never mind the future. With medical advances and an ageing population, the UK does not have the facilities to cope with the requirements that this section of society is going to need going forward."