Marcus & Millichap Real Estate Investment Services

Benjamin Firestone

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Ben Firestone facilitates seniors housing real estate transactions in a national marketplace. Ben identifies with buyers, sellers, and financial intermediaries on all levels ranging from regional owner-operators to institutional investors. Ben finds the most valuable experience in brokerage to be establishing relationships with entrepreneurial thinkers, and he finds the most gratifying experience to be making mutually beneficial matches among them.

Ben consistently ranks as a Top 10 Agent in the National Senior Housing Group and was the number 4 agent in the NSHG and a top 50 agent firm wide in 2010. Ben has been involved in over sixty transactions exceeding $400 million in sales volume in twenty five states. Ben graduated from the University of Michigan with a degree in economics in 2004 and graduated from the University of Chicago Booth School of Business in 2011 with an MBA in finance and economics.

Ben Firestone's transactional works include:

Facilitated the sale of an Assisted Living Facility between two National Owner-Operators (Louisiana, $10.4 Million)

Arranged the bankruptcy sale and due diligence process for a portfolio of four Nursing Homes (New York, $23.3 Million)

Facilitated the disposition of a Continuum of Care Retirement Community to Kindred Health (Ohio, $20.5 Million)

Structured Joint Venture transaction of an Independent & Assisted Living Facility (Missouri, $26.0 Million)

Facilitated the disposition of a non-profit Nursing Home on behalf of a government agency (Alaska, $10.5 Million)

Structured Sale-Leaseback transaction on a distressed Assisted Living Facility (Connecticut, $12.25 Million)

Developed the pricing model in which Marcus and Millichap paired private equity firm, The Blackstone Group, with operator Emeritus Senior Living as joint venture acquirer of 26 assisted living facilities (Various locations; $190 Million)

Ben Firestone's clients include:

• GE Healthcare
• Emeritus Senior Living
• Brookdale Senior Living
• Aviv REIT
• Senior Lifestyle Corporation

Ben Firestone's oral, written, and published achievements include:

• Published "It's A Seller's Market for Senior Housing," (May/June 2007 issue of The Vision)
• Presented "Current Market Trends" to Tellatin, Short, Hansen & Clark, a leading consulting service provider
• Created national marketing campaign to address the specific needs of lenders and institutional investors who, in light of the 2008-09 credit crisis, face the challenges associated with distressed properties and nonperforming loans
• Serves as Research Sponsor for the National Investment Center for the Senior Housing & Care Industry

Expertise

National Senior Housing Group

Professional History

Promoted to Associate in December, 2006
Promoted to Senior Associate in May, 2009
Promoted to Associate Vice President Investments in January, 2012

Education

B.A.- University of Michigan, 2004
M.B.A.- University of Chicago Booth School of Business, 2011

Key Accomplishments

National Achievement Award - 2011, 2010
Sales Recognition Award - 2011, 2010

Benjamin Firestone: Associate Vice President Investments
Chicago Downtown: 333 West Wacker Drive
Suite 200
Chicago, IL 60606
(312) 327-5400: (312) 327-5410 fax; License:
IL 476.0412789,
MO 2008013114,
NY 40FI1090308

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