D.A. Davidson welcomes four seasoned bankers focused on senior living and structured housing to its Fixed Income Capital Markets Group, a nationally recognized team of capital markets professionals consistently ranked among the top leaders in fixed income financing. Richard (Rick) Lohr joins the firm as managing director and head of Senior Living and Structured Housing, Amy Hayman and Romy McCarthy come on board as managing directors, and Ogieva Guobadia, CFA joins as senior vice president.
Through their collective decades of industry experience, the team has completed over 250 financings representing in excess of $10 billion for senior living and structured housing clients. Their clients range across both the non-profit and for profit sectors with an expertise in life plan communities, rental senior housing and affordable senior housing. Prior to joining D.A. Davidson, the team led the Senior Living practice at Piper Sandler.
“This team brings a unique depth of expertise and a trusted, high level of service for an industry requiring specialized banking,” said Marc Dispense, president of D.A. Davidson’s Fixed Income Capital Markets Group. “This expansion of our banking capabilities complements our broad investor distribution for specialized segments, allowing us to leverage all sides of the transaction to execute well for our clients. We continue to grow our fixed income capabilities for both taxable and non-taxable client needs, and the addition of this high powered team is a significant event for our multi-year, measured growth plan.”
“D.A. Davidson’s platform is uniquely aligned with and well positioned to serve the needs of both the senior living and affordable housing sectors,” said Rick Lohr, head of D.A. Davidson’s Senior Living and Structured Housing Group. “The firm’s scale, resources, capital and culture along with its robust and diversified fixed income and equity capital markets platform, will be beneficial to our clients as they look to grow and strengthen their market positions.”
What can we expect to see in the future for the Senior Living space?
“The senior living sector is both growing and consolidating at the same time, creating a unique set of capital and advisory needs,” said Lohr. “Over the next decade, demographic driven demand will continue to outpace available supply. Access to capital, operational and governance resources will become increasingly important as the overall business of senior living continues to gain in scale and complexity.”
D.A. Davidson & Co.’s Fixed Income Capital Markets group is a national leader in raising capital through fixed income banking, distribution and depository strategy. With 31 locations across the U.S., the group is consistently ranked among the top firms in the country. The fixed income team serves new issue clients in public finance banking and taxable debt issuance, and maintains a diverse sales and trading group interacting with taxable and tax-exempt investors including banks, credit unions, insurance companies, bond funds, money managers and trust companies.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 27 states.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.