Senior Managing Director
Mr. Adlerstein joined Meridian in 2011 and currently serves as a Senior Managing Director and Co-Head of the company’s Senior Housing and Healthcare team, comprised of specialized advisors and underwriters who are seasoned experts in this unique and operationally intensive property type.
He is responsible for the origination and placement of loans pertaining to senior housing properties and acts as a trusted advisor to many of the largest and most active senior housing and healthcare real estate investors in the United States. He has proven himself an expert across a wide variety of financing types and offers the most effective financing strategies available through his unparalleled network of specialized lenders, including banks, CMBS lenders, debt funds, life insurance companies, and agency lending platforms.
In addition to financing, Mr. Adlerstein provides a complete suite of advisory services such as equity capital markets and investment sales across all sub-asset classes of healthcare properties. Together with his co-head, Ari Dobkin, he has closed over $13 billion in transaction volume throughout the course of his career, with $3.2 billion closed in 2020 alone and $1.6 billion closed year-to-date in 2021.
Select transactions closed by Mr. Adlerstein include the $135.5 million recapitalization of over 1000 skilled nursing beds in New Jersey and Pennsylvania; the $123 million sale of eight assisted living, independent living, and memory care facilities in South Carolina, Tennessee, and Kentucky, as well as $90.5 million in financing for the acquisition of those facilities; and the $65.3 million sale of an assisted and independent living facility in California as well as $43.7 million in financing for that acquisition. Mr. Adlerstein also arranged a $43 million cash-out of 12 skilled nursing facilities in the Midwest after less than one year of operations.
Prior to joining Meridian, Mr. Adlerstein earned a J.D. from Cardozo Law School and was admitted to the New York Bar.