People | Qualifications | Alan C. Plush

ALAN C. PLUSH

6801 Energy Court
Suite 200
Sarasota, FL 34240

(941) 363-7501 T
(941) 363-7525 F

alan.plush@healthtrust.com

Employment

HEALTHTRUST LLC - February 2003 to present
Sarasota, Florida
President, Senior Partner (Healthcare and Senior Housing Valuation)
PRICEWATERHOUSECOOPERS, LLP - 1999 to February, 2003
Sarasota, Florida
Director (Senior Advisory Services, Global Real Estate Valuation Group)
GULF/ATLANTIC VALUATION SERVICES, INC. - 1994 to 1999
Sarasota, Florida
President (Healthcare & Retirement Valuation, Market Studies, and Feasibility Reports)
PARDUE, HEID, CHURCH, SMITH AND WALLER OF SARASOTA, INC. - 1992 to 1994
Sarasota, Florida
Managing Partner (Healthcare & Retirement Valuation, Market Studies, and Feasibility Reports)
PARDUE, HEID, CHURCH, SMITH AND WALLER OF TAMPA, INC. - 1991 to 1992
Tampa, Florida
Senior Appraiser (Healthcare & Retirement Valuation)
SMITH PARKE AND COMPANY - 1984 to 1990
Sarasota, Florida
Vice President (Commercial & Healthcare Real Estate Valuation)

Education

UNIVERSITY OF FLORIDA
Bachelor of Science, 1981
Business Administration
MANATEE JUNIOR COLLEGE
AA Degree
APPRAISAL INSTITUTE
Standards of Professional Practice
Principles of Real Estate Appraising
Basic Valuation Procedures
Capitalization Theory & Techniques - Part A
Capitalization Theory & Techniques - Part B
Case Studies in Real Estate Valuation
Report Writing and Valuation Analysis
Demonstration Appraisal Report
Comprehensive Examination
CONTINUING EDUCATION
Office Building Valuation (2008)
FHA and the Appraisal Process (2008)
Forecasting Revenue (2008)
Florida State Law Update for Real Estate Appraisers (2004, 2006, 2008)
Professional Standards USPAP Update, Core Law for Appraisers (1994-2007)
Business Practice and Ethics (2006)
Online Appraising From Blueprints and Specifications (2006)
Online Analyzing Operating Expenses (2006)
Evaluating Commercial Construction (2006)
Online Appraisal of Nursing Facilities (2005)
15-hour National USPAP Course (2003, 2004)
Analyzing Commercial Lease Causes (2002)
Standards of Prof. Practice, Part C (1999, 2001)
Regression Analysis in Appraisal Practice (2001)
Real Estate Value Cycles (2001)
Advanced Applications (2000)
Litigation Valuation Overview (1998)
Appraising From Blue Prints & Specifications (1998)
Understanding and Using DCF Software (1997)
Appraisal of Nursing Facilities (1996)
Standards of Professional Practice, Part A & B (1996)
Law/Regulations, Richmond Association of REALTORS (1995)
National Health Lawyers Association Annual Review (1994)
Maximizing the Value of an Appraisal Practice (1994)

Certifications & Affiliations

State-Certified General Appraiser - G00502 (Alabama)
State-Certified General Appraiser - 31350 (Arizona)
State-Certified General Appraiser - CG1371N (Arkansas)
State-Certified General Appraiser - AG027998 (California)
State-Certified General Appraiser - CG40023432 (Colorado)
State-Certified General Appraiser - RCG 503 (Connecticut)
State-Certified General Appraiser - RZ 0000566 (Florida)
State-Certified General Appraiser - 3913 (Georgia)
State-Certified General Appraiser - 153.0001571 (Illinois)
State-Certified General Appraiser - CG49400124 (Indiana)
State-Certified General Appraiser - 002055 (Kentucky)
State-Certified General Appraiser - CG00000688 (Maine)
State-Certified General Appraiser - 10806 (Maryland)
State-Certified General Appraiser - 2946 (Massachusetts)
State-Certified General Appraiser - 1201003568 (Michigan)
State-Certified General Appraiser - 20076706 (Minnesota)
State-Certified General Appraiser - GA-468 (Mississippi)
State-Certified General Appraiser - 589RAG (Montana)
State-Certified General Appraiser - CG970189R (Nebraska)
State-Certified General Appraiser - NHCG313 (New Hampshire)
State-Certified General Appraiser - 42RG00139300 (New Jersey)
State-Certified General Appraiser - 46000010343 (New York)
State-Certified General Appraiser - A5418 (North Carolina)
State-Certified General Appraiser - 000398459 (Ohio)
State-Certified General Appraiser - GA-001255-L (Pennsylvania)
State-Certified General Appraiser - A00681G (Rhode Island)
State-Certified General Appraiser - TX-1326778-G (Texas)
State-Certified General Appraiser - 4001-003762 (Virginia)
State-Certified General Appraiser - 1100985 (Washington)
State of Florida Building Contractor Class B (Inactive) CB C035068
MAI
Alan C. Plush, MAI, Member, Appraisal Institute

Ownership Activities

Proformance Senior Living - 9 assets, sold all in 2006
Rittenhouse Senior Living - 9 assets currently owned, contracted for purchase or under development

Board Seats

Investment Committee, SHP Investments (on behalf of CalPers Investment Fund), 2002-present.
American Seniors Housing Association (ASHA), 2001-present.

Speaking Engagements - Banks

Regions Bank
Private Bank
PNC Bank/ARCS
GE Healthcare Financial Services
HSH Nordbank
Fannie Mae DUS Lenders Conference
Fleet Bank, Albany, New York
Bank United Annual Correspondents Conference, Dallas, Texas
Key Bank, Cleveland, Ohio
Bank of America Healthcare Task Force, Chicago, Illinois
NationsBank, Baltimore, Maryland
Prudential Life Insurance/Insignia Mortgage, Atlanta, Georgia

Lecture Assignments & Seminars

National Medicaid/Medicare Conference, Sarasota, FL 1994 to 1999, 2004 - Present
Founding Member/Speaker/Developer/Co-Sponsor (with GMAC Commercial Mortgage & Capstone Capital)
National Investment Conference (NIC), Washington DC, 1991 - Present
Attendee, Contributor, Sponsor
2b Alive Mexico Independent and Assisted Living Industry Summit & Expo, La Jolla, CA, 2008
Speaker, "Current Trends in the valuation of Healthcare and Senior Housing Assets"
N.C Healthcare Association, 2008
Speaker, "Market Trends for Healthcare and Senior Housing Assets"
NIC Western Regional Conference, Las Vegas, NV, 2008
Speaker, "Current Valuation Trends in the Healthcare and Senior Housing Industry"
International Association of Assessing Officers (IAAO) annual conferences, Miami Beach, FL, 2001
Speaker, "Valuation Issues for Assessment of Senior Housing and Healthcare Facilities"
International Association of Assessing Officers, Florida Chapter, Clearwater, FL, 2001
Speaker, "Valuation Issues for Assessment of Senior Housing and Healthcare Facilities"
Commercial Property News "Seniors Housing Symposium", New York City, NY, 1999 - 2001
Co-sponsor and presenter, "Market Trends in the Seniors Housing Industry"
Information Management Network "Seniors Housing Finance Symposium", New York City, NY, 1998 -1999
Co-sponsor and presenter, "Market Trends in the Seniors Housing Industry"
National Association of Real Estate Financial Intermediaries Annual Meeting, 1997, 1999
Speaker, "Transaction Overview and Unique Valuation Issues Associated with Congregate Properties"
Massachusetts ALFA, Boston, MA, 1997
Speaker, "Development Trends in the Assisted Living Industry"
Essex County Assessor's Meeting, Danvers, MA, 1997
Speaker, "Valuation Techniques for Assisted Living Properties"
Assisted Living Federation of America (ALFA) Spring Conference, Phoenix, AZ, 1997
Speaker, "The 1994-1996 Transaction Survey of Congregate and Assisted Living Industries"
Appraisal Institute, Boston Chapter, 1997
Attendee, "Healthcare and Retirement Property Appraisal Seminar"
Plymouth County Assessor's Meeting, Duxbury, MA, 1996
Speaker, "Assessing Healthcare and Retirement Properties"
International Association of Assessing Officers (IAAO) annual conferences, Seattle, Washington, 1994
Speaker, "Methods Used to Appraise Healthcare and Retirement Properties"

Published Articles

Annual co author and contributor to The State of Seniors Housing, co published by ASHA, NIC, AAHSA
Co-author with ASHA of the annual survey of transactions and economic indicators, 2002-Present.
Co-author with ASHA of the 2000 Seniors Housing absorption study.
Co-author with ALFA (Assisted Living Federation of America) and ASHA (American Seniors Housing Association) of the 1997, 1998 and 1999 annual survey of transactions and economic indicators.
The Appraisal Journal, Appraisal Institute, July 1995
"USPAP Competency Provision and the Appraisal of Healthcare/Retirement Facilities"
Force Financial, Quarterly Newsletter, 1995
"The Impact of Assisted Living on CCRCs"

Apperances as an Expert Witness

Superior Court, Lansing, Michigan
Federal Bankruptcy Court, Tampa, Florida
Circuit Court, Duval County, FL
Circuit Court, Polk County, FL

Specialized Expertise & Experience

Mr. Plush has specialized exclusively in commercial real estate valuation throughout his career and property types he has appraised have included: condominiums, apartment complexes, single-family subdivisions, golf courses and planned unit developments, vacant land, office buildings, and a variety of retail structures. He is currently the Senior Partner of HealthTrust, LLC, a specialty senior housing and healthcare appraisal and consulting firm. Mr. Plush oversees a staff of highly qualified appraisers at the Sarasota office and, further, has additional resources available from offices in Boston, Massachusetts, and Birmingham, Alabama. In late 1986, Mr. Plush began specializing in the appraisal of a large number of healthcare properties. With a foundation in the appraisal of adult congregate living facilities, his specialized expertise has grown substantially. The specialized service niche was created to satisfy the ever increasing demand for reliable and well-documented healthcare/retirement valuations, market studies and feasibility reports. Mr. Plush has overseen the growth of HealthTrust to include its four U.S. locations and an annual volume in excess of 1,000 healthcare and senior housing appraisals in addition to ownership, operations and brokerage activities.

Corporate/Institutional Clients Served

Bank of America
Citizens Bank
Key Bank
Merrill Lynch
Signet Bank
Fleet National Bank
PNC Bank
New York HFA
First Union
Marine Midland
USTrust
M & T Bank
LaSalle Bank
SouthTrust Bank of Alabama
Senior Lifestyles
GMAC-CM - Healthcare
Prudential Insurance
Riggs Bank of Wash. DC
MediTrust
UBS Warburg Pincus
Emeritus Corporation
First NH Bank

Bank of Ireland
CareMatrix
Capstone Capital
Norwest Bank
BankBoston
Brookdale Living
Provident Bank of Maryland
Heller Financial
Senior Campus Living
Dynex Healthcare
Bank United
Banque Paribas
Continental Wingate
Credit Suisse First Boston
Glaser Financial
DLJ
PhyMatrix
Goldman Sachs
Archon Financial
Berkshire Bank
SIS Bank
Holiday Retirement

Sunrise Assisted Living
PRN Mortgage
Balanced Care
Mercantile Safe Deposit
Peoples Heritage Bank
AMRESCO
Senior Campus Living
AEW Capital Management
AmSouth Bank
Solomon Smith Barney
Fremont Investment & Loan
Zions First National Bank
Allfirst Mortgage Corp.
Manufacturers Bank
Wells Fargo
Union Planters
Bancorp South
Greystone & Co.
Capital Company of America
Bank One Corp
HSBC Bank USA
KBC Bank of New York