Focus has made the majority of its investments through joint ventures with top tier institutional equity investors. Through these vehicles, Focus has invested more than $400 million to date into senior housing assets in the U.S.
Focus is a real estate investment and asset management company targeting the North American healthcare real estate sector.
We make direct equity, mezzanine debt and preferred equity investments in senior housing, skilled nursing, medical office and other specialty healthcare properties as well as investments in special situation opportunities including distressed debt.
Focus was founded by Curt Schaller and Paul Froning in 2009.
Paul A. Froning
Prior to co-founding Focus, Paul Froning was a Managing Director of Fortress Investment Group, with responsibility for all senior housing and healthcare private equity investments. In the spring of 2008, he took over direct responsibility for Holiday Retirement. While functioning as its day-to-day CEO, Paul led the company through a complete restructuring of operations, financial controls, systems and human capital, including the turnover of substantially all of the company’s senior management. Paul drew heavily on his previous experiences restructuring other leading senior companies including Brookdale, ARV and Atria while leading Holiday.
Prior to Fortress, Paul was EVP and Chief Investment Officer of Brookdale Senior Living, a Fortress investee company, and was directly responsible for all of Brookdale’s external growth. Under his guidance, Brookdale grew from less than 15,000 units to more than 52,000 units and became the largest company in senior housing. Prior to Brookdale, Paul was a senior investment officer at healthcare and real estate investment fund managers JER Partners, Lazard Freres and Security Capital. In total, he has more than 15 years of involvement in healthcare and senior housing as an investor, operator, advisor and investment banker.
Curt P. Schaller
Prior to co-founding Focus, Curt Schaller served in senior leadership positions with two of the leading lenders in healthcare – GE and Merrill Lynch Capital. As an originator and through his teams, Curt has sourced and closed over 250 senior housing and healthcare transactions with an investment value exceeding $4.5 billion. He has financed stabilized, new construction and turnaround projects encompassing a variety of asset classes including senior housing, skilled nursing, medical office and hospitals. Curt was also actively involved in developing the overall strategy for the businesses as well as their credit, asset management and syndication components.
Curt was the Senior Managing Director for GE Healthcare Financial Services’ $8 billion real estate investment group. He joined GE as part of its purchase of Merrill Lynch Capital in early 2008. Curt joined Merrill Lynch Capital as Director of Originations in 2003. Recruited to develop its fledgling healthcare group, under his guidance its real estate portfolio grew from less than $300 million to over $3 billion in less than five years. Prior to Merrill Lynch, Curt held a variety of other positions in the healthcare real estate industry at GE and Heller Healthcare Finance. Curt is a respected leader in the healthcare industry having served on the executive boards of both the American Seniors Housing Association and the National Investment Center for the Seniors Housing & Care Industry (NIC).
Focus Healthcare Partners LLC