Mr. Kaplan, a co-founder and managing member of Premier Senior Living, has over 30 years of extensive experience in senior housing. He has spent most of that time as Vice Chairman and Senior Executive Vice President of Kapson Senior Quarters Corp. (later called Atria), an assisted living and seniors’ housing provider, which went from being a small privately held business to a public company subsequently bought out by a Wall Street investment bank and then taken private again. Wayne was instrumental in building, operating, and swiftly growing the diversified Kapson business into a pioneering, tight niche, profitable entity with 15 locations, 1,000 employees, $73 million in annual revenue, and an industry-wide reputation for quality and the creation of best practices.
Within only 11 years, Wayne helped drive the business from inception to a $35.5 million IPO and then managed a “going private” transaction. He was retained by the new ownership (Lazard) and thrived in the post-IPO transformation to a structured corporate environment. Later, he joined a leading law firm, building and managing one of the country’s most comprehensive seniors’ housing practices before returning to the assisted living business full-time in 2006.
Mr. Kaplan focuses on the optimization of the day-to-day operations of the company to promote revenue, profitability and growth. As such, he oversees the company’s operations to insure efficiency, quality, service and cost effective management of resources. Mr. Kaplan currently also owns the 80th Street Residence, which is a 70-bed licensed assisted living facility located on the Upper East Side of Manhattan and is 100% dedicated to residents with Alzheimer’s Disease and other dementias.
Mr. Kaplan was appointed by the Governor of New York to the New York State Life Care (Continuing Care Retirement) Community Council, and sits on the Board of Directors and is Chairman of the Legal Committee of the Empire State Association of Assisted Living (ESAAL).
Mr. Kaplan is an Associate Member of the American Seniors Housing Association (ASHA), and sat on the board of the Assisted Living Federation of America (ALFA), and was a founding Board Member of both the Connecticut Assisted Living Association (CALA) and the New Jersey Assisted Living Association (NJALA).
Mr. Kaplan was appointed to the New York State 1995 Governor’s Conference on Aging by the New York State Office for the Aging to develop New York State’s platform the 1995 White House Conference on Aging. Mr. Kaplan has also been appointed as a receiver by the N.Y.S. Supreme Court for an unaffiliated third party’s assisted living facility in a mortgage foreclosure action, and has been a featured speaker at international, national, regional and local senior housing forums, including the United Nations International Conference on Urban Senior Housing, The New York State Bar Association, the Assisted Living Federation of America, the National Association of Senior Living Industries, the Connecticut Assisted Living Association, the City Club of New York, the International Association of Corporate Real Estate Executives (NACORE), on the WABC TV show in New York City entitled Seniors, and on the WLIE Talk Radio show – “Seniors on the Move.”
In addition, Mr. Kaplan has been featured in and written articles for numerous publications, including The New York Times, Newsday, the New York Law Journal-Long Island edition, the New York Real Estate Journal, Provider Magazine, Assisted Living Today, Spectrum Magazine, and Multi-Housing News.
Key Transactions & Contracts
- $60 million convertible exchangeable preferred stock.
- $50 million variable rate line of credit to finance M&A and other corporate growth initiatives.
- $13.6 million NJ Economic Development Authority Elder Care Facility Revenue Bonds.
- $12.7 million Delaware County (PA) Industrial Development Authority Elder Care Facility Revenue Bonds.
- $11.8 million taxable variable rate financing for development of 120-unit on-campus assisted living facility in a joint venture with Muhlenberg Hospital Center in Pennsylvania.
- $21 million financing of the 80th Street Residence in N.Y.C. with Health Care REIT.
And with his co-managing member, Bob Borsody:
$5.1 million financing of Hampshire House in Oneonta, NY, with Health Care REIT.
etc. - $6.987 million financing of Eden Heights in Eden, NY, with HUD guaranteed debt financing and $2,087,000 equity financing from Tenants in Common.
- $17,379,700 financing of Eden Heights in West Seneca, NY, with a combination of Tenants in Common and Seller financing.
- $19,920,000 in FHA 232 mortgage loans for the acquisition of 3 assisted living facilities in Ohio by Red Mortgage Capital.
- $9.2 million bridge loan with a follow-on HUD takeout by Red Capital Partners for an assisted living & memory care facility in Olean, NY.
Sample of Senior Housing Properties Developed/Acquired by Wayne Kaplan
New York
80th Street Residence
430 East 80th Street, New York, NY 10075
Purchased, own and operate this 100% dementia, assisted living facility
Licensed by the NYS Dept. of Health
Senior Quarters at Albany Shaker
(now called Atria)
345 Northern Blvd., Albany, NY 12204
Purchased, owned and operated an existing assisted living facility.
Licensed by the NYS Dept. of Health
Senior Quarters at Briarcliff Manor
(now called Atria)
1025 Pleasantville Road, Briarcliff Manor, NY 10510
Owned, built and operated this new assisted living residence.
Licensed by the NYS Dept. of Health
Senior Quarters at Chestnut Ridge
(now called Esplanade)
168 Red Schoolhouse Road, Chestnut Ridge, NY 10971
Purchased this former hotel and converted it into an assisted living facility that we owned and operated.
Licensed by the NYS Dept. of Health
Senior Quarters at Crossgate
(now called Atria)
140 Washington Ave. Extension, Albany, NY 12203
Purchased, owned and operated an existing assisted living facility.
Licensed by the NYS Dept. of Health
Senior Quarters at East Northport
(now called Atria)
10 Cheshire Place, East Northport, NY 11731
Purchased this former school building and converted it into an
assisted living facility that we owned and operated.
Senior Quarters at 86th Street
(now called Atria)
333 West 86th Street, New York, NY 10024
Purchased an existing SRO on the Upper West Side of Manhattan and converted it into an unlicensed assisted living facility because the narrow hallways did not meet NYS DOH building requirements.
Senior Quarters at Great Neck
(now called Atria)
51 Great Neck Road, Great Neck, NY 11021
Owned, built and operated this new assisted living residence.
Licensed by the NYS Dept. of Health
Senior Quarters at Greece
(now called Atria)
150 Town Gate Road, Rochester, NY 14626
Purchased, owned and operated an existing assisted living facility.
Licensed by the NYS Dept. of Health
Senior Quarters at Huntington
(now called Atria)
165 Beverly Road, Huntington Station, NY 11746
Purchased this former school building and converted it into an assisted living facility that we owned and operated.
Licensed by the NYS Dept. of Health
Senior Quarters at Kew Gardens
(now called Atria)
117-01 84th Avenue, Kew Gardens, NY 11418
Owned, built and operated this new assisted living residence.
Licensed by the NYS Dept. of Health
Senior Quarters at Lynbrook
(now called Atria)
100 Peninsula Blvd., Lynbrook, NY 11563
Owned, built and operated this new assisted living residence.
Licensed by the NYS Dept. of Health
Senior Quarters at Penfield
(now called Atria)
2006 Five Mile Line Road, Penfield, NY 14526
Purchased, owned and operated an existing assisted living facility.
Licensed by the NYS Dept. of Health
Senior Quarters at Riverdale
(now called Atria)
3718-3726 Henry Hudson Pkwy, Riverdale, NY 10463
Owned, built and operated this new assisted living residence.
Not licensed.
Senior Quarters at South Setauket
(now called Atria)
4089 Nesconset Hwy, Centereach, NY 11720
Purchased this former hotel and converted it into an assisted living facility that we owned and operated. We also built a new independent living congregate care facility adjacent to the ALF that was connected by an underground tunnel and shared a kitchen and other facilities.
Licensed by the NYS Dept. of Health (ALF only)
Castle Gardens
1715 Castle Gardens Road, Vestal, NY 13850
Managed an existing assisted living facility for an independent 3rd party.
Licensed by the NYS Dept. of Health
California
Hallmark at Bakersfield
2001 Akers Road, Bakersfield, CA 93309
Managed this assisted living facility for a non-affiliated 3rd party.
Licensed by the CA Dept. of Social Services – Community Care Licensing
Hallmark at Palm Springs
344 N. Sunrise Way, Palm Springs, CA 92262
Managed this assisted living facility for a non-affiliated 3rd party.
Licensed by the CA Dept. of Social Services – Community Care Licensing
Connecticut
Senior Quarters at Stamford
(no longer in existence as an ALF)
Mill River Road, Stamford, CT 06614
Owned, operated and redeveloped this hotel into an assisted living residence.
Licensed by the CT Dept. of Health
Senior Quarters at Stratford
(now called Atria)
6911 Main Street, Stratford, CT 06614
Owned, built and operated this new assisted living residence. Licensed by the CT Dept. of Health
Maryland
Senior Quarters at Manresa
(now called Atria)
85 Manresa Road, Annapolis, MD 21409
Owned, operated and redeveloped this former convent into an assisted living residence. Licensed by the MD Dept. of Health
New Jersey
Senior Quarters at Cranford
(now called Atria)
10 Jackson Dr., Cranford, NJ 07016
Operated under a Management Contract. Redeveloped this hotel into an assisted living residence.
Licensed by the New Jersey Dept. of Health and Senior Services
Senior Quarters at Jamesburg
319 Forsgate Dr., Jamesburg, N.J. 08831
Owned, built and operated this new assisted living residence.
Licensed by the New Jersey Dept. of Health and Senior Services
Senior Quarters at Montville
Changebridge Rd., Montville, N.J. 07045
Purchased, owned and operated an existing assisted living residence.
Licensed by the New Jersey Dept. of Health and Senior Services
Senior Quarters at Tinton Falls
(now called Atria)
44 Pine Street, Tinton Falls, NJ 07753
Owned, built and operated this new assisted living residence.
Licensed by the New Jersey Dept. of Health and Senior Services
Pennsylvania
Chestnut Hill Residence
495 East Abington Ave., Philadelphia, PA 19118
Purchased and operated an existing assisted living residence.
Licensed by the PA Dept. of Public Welfare
Senior Quarters at Glen Riddle
(now called Atria)
263 Glen Riddle Rd., Chester Heights, PA 19017
Owned, built and operated this new assisted living residence.
Licensed by the PA Dept. of Public Welfare
