Community Healthcare Trust has an experienced management team that is focused on pursuing a balanced business model and financial strength. Each member of our management team has between 23 and 34 years of healthcare executive management, finance, real estate acquisition or public REIT management experience, and has long-established relationships with a wide range of healthcare providers.
Leadership is forward-thinking and our cohesive team has significant experience working together, leveraging its broad experience and deep industry knowledge to provide our healthcare providers with reliable, customized capital solutions of all sizes and complexity.
Mr. Wallace has served as our Chairman, Chief Executive Officer and President since the formation of our company in March 2014. Prior to founding our company, from 2003 to 2014, Mr. Wallace was co-founder, President and majority owner of Athena Funding Partners, LLC and related entities which were established in 2002 to provide financing solutions to the higher education industry for on-campus student housing facilities mostly in rural areas.
From 1993 to 2002, Mr. Wallace was a co-founder and Executive Vice President of Healthcare Realty Trust (NYSE: HR). Between HR’s initial public offering in 1993 and his departure from HR in 2002, Mr. Wallace was integral in helping to grow HR from $2,000 to over $2 billion in asset value. Mr. Wallace remained as a paid consultant to HR and was subject to a non-compete until 2008. Mr. Wallace was a senior manager at Ernst & Young from 1988 to 1993.
Mr. Wallace began his career in 1980 with Arthur Andersen & Co. He holds a Bachelor of Science in Business Administration and Masters in Business Administration, both from Western Kentucky University.
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Mr. Barnes has served as our Executive Vice President and Chief Financial Officer since the formation of our Company in March 2014, and is responsible for financing and management activities.
Prior to joining our company, from 2005 to 2013, Mr. Barnes was a co-founder, Chief Financial Officer and Executive Vice President—Chief Development Officer for Haven Behavioral Healthcare where he was responsible for raising a $100 million private equity investment, negotiating four separate bank financings and the acquisition and/or development of 12 hospitals.
From 1997 to 2005, Mr. Barnes served as Chief Financial Officer then Senior Vice President—Finance for Ardent Health Services and its predecessor Behavioral Healthcare Corporation. Prior to Ardent, Mr. Barnes began a banking career with AmSouth Bank in 1990 as a Commercial Real Estate Relationship Manager and ended it in 1997 as Senior Vice President and Manager of the Healthcare Banking Department.
Mr. Barnes holds a Bachelor of Science in Accounting from Auburn University.
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Most recently, Ron served as a consultant to Lend Lease Dasco, a national leader in the development, financing, leasing and management of medical office buildings and outpatient facilities.
Prior to Lend Lease Dasco, Ron served as Executive Vice President of Montecito Medical Investment Company, LLC (“Montecito”) which acquired and developed hospital, medical office and medical specialty buildings. Ron was responsible for healthcare industry relationships and acquisitions and had oversight responsibility for property management.
Prior to Montecito, Ron served as President of Healthcare Realty Services, Inc., the real estate services subsidiary of HR. HR’s portfolio grew from approximately $250 million to approximately $2.0 billion during his tenure. Ron was responsible for creating a management company at HR that grew to 5 million square feet with 210 employees.
Prior to HR, Ron was a co-founder and EVP for PM Realty Group (“PM”) in Houston. While he was with PM, they expanded their management business from 31 million to 108 million sq. ft. Ron was responsible for growing PM’s northeast portfolio from 3 million to 21 million square feet.
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Steve is a 35 year veteran of the healthcare services industry. A co-founder of multiple companies, he has spearheaded the acquisition and development of over 300 alternate site healthcare facilities. Steve has negotiated approximately 250 contracts with affiliated acute care hospitals including exclusive partnerships with Harvard, Yale and Boston University Schools of Medicine.
Steve’s responsibilities have included medical director contract negotiations, site selection, provider/payer relations, licensing, regulatory, corporate funding, lease negotiations and architectural design.
Most recently, Steve was a co-founder and Chief Development Officer at DSI Renal. He participated in raising $200 million of equity and acquiring 106 dialysis centers from Fresenius Medical Care in 2006. DSI was sold to DaVita for $650 million in 2011. Prior to DSI Steve was a co-founder and CDO at National Nephrology Associates. NNA grew from a start-up with no clinics to 85 clinics and was later sold to Renal Care Group.
Prior to NNA Steve was Executive Vice President – Business Development for REN Corp. The company grew from 12 to over 70 clinics and was sold to Gambro Inc. Steve began his business development career in healthcare with Community Dialysis Centers which later merged with Vivra, and then into DaVita.
Prior to CDC Steve worked at Dow Chemical where an artificial kidney for patients on dialysis was developed. Steve began his career with Johnson & Johnson.
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Ms. Stach has served as our Vice President—Financial Reporting and Chief Accounting Officer since the formation of our company in March 2014, and is responsible for our financial reporting.
From 2005 to 2013, Ms. Stach served as Vice President—Financial Reporting at Healthcare Realty Trust (NYSE:HR) where she had responsibility for financial reporting and coordinating due diligence materials for debt and equity offerings. In addition, she brought EDGAR and XBRL filings in-house and provided oversight of HR’s compliance function and internal audit. Prior to that, from 1997 to 2005, Ms. Stach served as Vice President—Controller, and from 1994 to 1997 as Assistant Controller.
From 1991 to 1994, Ms. Stach was a senior accountant—financial reporting at Hospital Corporation of America (NYSE:HCA) where she began her career in 1988 as an internal auditor.
She holds a Bachelor of Science in Accounting from Western Kentucky University.
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Mr. Willman has served as our Vice President—Real Estate since March 2014 and is responsible for performing on site real estate due diligence, maintenance and property capital/reinvestment requirements. Mr. Willman brings over 25 years of hands on experience in maintaining, building and renovating institutional grade real estate projects. Most recently, from 2003 to 2014, Mr. Willman was a co-founder of AFP and related entities where he was responsible for asset management, construction and renovation projects.
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