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Penny Pritzker to Headline 19th Annual NIC Conference

Penny Pritzker to Headline 19th Annual NIC Conference

What do President Barack Obama’s new economic policy and stimulus plan mean for the housing and care of seniors? Penny Pritzker, founder and chairman of Classic Residence by Hyatt that offers hotel-style luxury living for older adults, will share her insights in a keynote speech during a conference of the National Investment Center for the Seniors Housing & Care Industry.

The 19th annual event will take place Sept. 23-25 in Chicago at the Sheraton Hotel & Towers. Humorist and economist Ben Stein also is a featured speaker.

Classic Residence by Hyatt has become a leader in luxury living for older adults, with 20 communities in 11 states and more under development. Pritzker launched Classic Residence in 1987.

The entrepreneurial Pritzker has overseen the family’s non-hotel real estate investments for the past two decades. Assets under management of Pritzker Realty LP included apartment buildings, office and industrial developments, parking lots, and senior living facilities across the U.S. with a combined value of $5 billion.

A newly formed company, Pritzker Realty Group LLC, has taken a strategic divestiture of many of those holdings. Today its management is focused on new investment opportunities.

The theme for this year’s NIC Conference reflects the weak economy and troubled credit markets and is aptly titled, “Succeeding In A Capital-Constrained Environment: Emerging Stronger, Smarter, Better.”

Breakout sessions will cover a number of hot-button issues, including:
• property valuations
• restructuring and investment
• availability of debt financing
• federal and state reimbursement for skilled nursing
• and the overall health of the top 100 seniors housing markets.

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