Adlai Chester to Rejoin Mainstreet Health Investment as Chief Investment Officer
TORONTO, ONTARIO, SEPTEMBER 20, 2017 – Mainstreet Health Investments Inc. (TSX: HLP-U) (“Mainstreet” or the “Company“) is excited to announce that Adlai Chester is rejoining the management team as the Chief Investment Officer. Adlai was instrumental in the launch of the Company, holding the position of Chief Executive Officer until January of 2017.
Adlai’s career spans more than 15 years, with experience in finance, real estate, investments, development, and capital markets. Over the course of Adlai’s career, he has initiated billions in successful capital raises, led numerous tactical acquisitions, and helped to create billions of dollars in value through strategic divestitures.
Adlai has established himself as a leader in the healthcare industry and has meaningful partnerships and relationships with operators and developers within the senior care industry. Prior to his position as CEO of Mainstreet, Adlai held the positions of CFO of Mainstreet Property Group and CFO of HealthLease Properties REIT. In 2012, Adlai was critical to the successful launch and IPO of HealthLease Properties. In his role of CFO, he helped grow HealthLease Properties’ enterprise value from $250 million to nearly $1 billion. In 2014, Adlai orchestrated HealthLease Properties’ sale to, and Mainstreet Property Group’s development capital deal with, Welltower Inc. (NYSE:HCN). Adlai’s accomplishments helped earn the coveted title of CFO of the Year by Indianapolis Business Journal in 2014, and a spot on the 2015, 40 under 40 list by Indianapolis Business Journal. Adlai also currently serves as an Executive in Resident at Ball State University and a co-founder of Ellipsis Real Estate Partners.
“With Adlai back, we are very excited to re-assemble the original management team” said Scott White, CEO. “As one of the original architects of Mainstreet Health Investments and HealthLease Properties REIT, Adlai brings a unique skillset and knowledge of the company and industry that will help us as we enter the next phase of our growth.”
About Mainstreet Health Investments Inc.
Mainstreet Health Investments Inc. is a healthcare real estate company with a portfolio of high quality properties located in the United States and Canada. Our properties are operated by best-in-class healthcare providers primarily under long-term, triple net leases. Our mission is to create long-term shareholder value while providing an investment opportunity that matters. For more information visit www.mainstreethealthinvestments.com.
SOURCE Mainstreet Health Investments Inc.
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