Healthcare properties attract capital because the demand behind them is durable. They are also harder to finance than an apartment building, because a lender is underwriting the operator’s performance along with the real estate. Capital has become more selective about operator quality and balance sheet strength, and a property with a sound building and a thin operating history can struggle to find terms. Presenting the real estate and the operations together, to capital sources that understand both, is what gets these transactions financed.
Dane Isaac Associates works on the real estate. When a transaction involves the operating business itself, such as a sale of the company, operating-company financing or a restructuring, David handles it through Lawrence Evans & Co., the healthcare investment bank where he leads the real estate practice.
At Red Capital Group, now Lument, David was a lender on multifamily and healthcare properties, and designed the first GNMA-backed Build America Bond, which financed a hospital. He leads the real estate practice at Lawrence Evans & Co., a healthcare investment bank, and his published commentary covers senior housing and behavioral health capital markets.
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Senior housing remains one of the most compelling corners of healthcare real estate going into 2026 – not because it's easy, but because capital is getting more selective while the structural demand story keeps getting stronger.