Development firm based in Denver and Minneapolis plans major expansion of its senior housing offerings
DENVER (APRIL 5, 2017) – United Properties has hired industry veteran Ray Oborn as its new president of Cherrywood Pointe Investment, responsible for expanding the firm’s Cherrywood Pointe Senior Living communities. His appointment was effective Feb. 13, 2017.
In his new role, Oborn is a member of United Properties’ executive team and reports in to co-presidents Bill Katter and Eva Stevens. Though he is based in Denver, he has offices in both Denver and Minneapolis. Oborn brings more than 20 years of experience in the senior living industry and a passion for improving the lives of seniors. He has worked with independent living, assisted living, memory care, post-acute care and skilled nursing facilities.
“We are delighted to welcome Ray to our company, and look forward to his contributions as we expand our Cherrywood Pointe senior housing brand within our current markets, and into new ones, as well,” said Bill Katter, United Properties president and chief investment officer. Katter noted that the owners of United Properties, the Pohlad family of Minneapolis, recently approved an expansion plan and provided additional capital to support new community development.
“With Ray’s help, it’s our goal to be the community of choice for aging adults and the work place of choice for caregivers,” said Eva Stevens, United Properties president and chief operations officer. United Properties currently owns and operates three Cherrywood Pointe communities in Minnesota, with 3 more under development, as well as a joint development project with Balfour Senior Living in Littleton, Colorado, expected to open in November 2017. In addition to the Minnesota and Colorado markets, United Properties is actively pursuing opportunities in Florida as well.
Most recently Oborn was senior regional vice president of operations for Brookdale Senior Living in the Rocky Mountain region, and was responsible for 80+ communities in Colorado, Arizona, Utah, Wyoming, Montana and North Dakota. Prior to that, he was senior vice president of operations for New Perspective Senior Living, a developer and operator of senior housing communities in the Midwest. He also has worked for several other leading senior housing developers and operators, including Silverado Senior Living and Sunrise Senior Living, where he spent ten years in various roles, beginning as an executive director of a community.
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for 100 years. The company imagines new possibilities in real estate to help strengthen communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with an office in Denver. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.
For United Properties