Mr. O’Connor has specialized in senior housing and health care for nearly two decades working on valuation and consulting engagements related to a wide variety of seniors housing and health care properties, including nursing homes, assisted living facilities, independent living facilities, CCRCs, acute care hospitals, ambulatory surgery centers, and medical office buildings. Since he entered the industry in 1999, he has conducted market studies, FNMA regulatory compliance and management consultant reports, Fair Market Value of Debt reports, HUD/FHA along with Fannie Mae and Freddie Mac compliant reports, and valuation services on more than 900 existing and proposed seniors housing and health care assets in 48 states, the District of Columbia, and Canada.
From 2001 to 2017 he managed the bi-annual valuation of a Class A portfolio consisting of 13 seniors housing campuses involved in a 2014 REIT acquisition near $850 million dollars for benchmarking purposes. His involvement on that portfolio included appraising the fair market value of the asset’s present debt, as well as working alongside the foreign-based owner’s brokers, investment risk analysts, and appraisers in risk mitigation and investment decisions.
Since 2008 he has provided dozens of in-depth, comprehensive appraisals nationally on multi-level care retirement campuses; CCRCs comprising entry-fee and lifecare components often focusing on the asset’s unique economic and functional obsolescence.
His experience has included expert court testimony, having been qualified as an expert witness in Colorado’s State Board of Assessment Appeals Court.
Prior to joining Cushman & Wakefield in April 2017, Mr. O’Connor was a Vice President with JLL | Jones Lang LaSalle where he started his career in 1999.