Cambridge Realty Capital founder and CEO Jeffrey Davis died suddenly on April 18, according to the company.
“Jeff was a visionary and pioneer in the senior housing and healthcare finance industry and saw its immense potential and growth long before others saw it as a class outside of commercial real estate. “said Andrew Erkes, chairman of Cambridge Realty. “Cambridge is mourning this tragic loss, and our thoughts and prayers are with Jeff’s wife, Karen, his daughter, Taylor, and his extended family.”
Davis founded Cambridge Realty Capital in 1983, seven years after earning a graduate degree in real estate investment analysis and valuation from the University of Wisconsin. He also previously worked for Chicago-based real estate firm Baird & Warner Inc., where he was the company’s youngest senior vice president in its history, according to Cambridge.
Under Davis, Cambridge’s specialty became elderly housing and health care loans. Erkes joined the company just a few years after the company was founded.
In three decades, they grew Cambridge to a dozen employees and $6.5 billion in closed senior housing deals. Today, the company has three primary service areas: FHA-insured HUD loans, conventional financing, and investments and acquisitions.
“When I got my first hire from a loan officer and a HUD specialist, [Andy Erkes]I remembered sharing with him that his future would be in healthcare, not commercial real estate,” Davis told Senior Housing News in 2021. “I had no idea that would be our main business soon.
Erkes said Davis’ legacy at the company will be felt in “the talent and commitment of the leadership team he has assembled.”
“We can never replace Jeff’s genius or leadership, and we will honor him by continuing his passion for Cambridge and the senior housing and healthcare industry he loved so much,” he said. declared.