Phil Van Syckle
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- Full Name
- Phil Van Syckle
- Title
- Retired; former Managing Director, KMF Senior Housing Investors
- Firm
- KMF Senior Housing Investors / Kensington Realty Advisors
- Firm Type
- Real estate private equity / real estate investment advisory
- Investment Stage
- Value-add real estate investments
- Target Company Profile
- Senior housing and care real estate assets operated by third-party operators or joint-venture partners
- Sector Focus
- Senior housing, independent living, assisted living, memory care, skilled nursing; Kensington also worked across multifamily, industrial, senior housing, and student housing
- Geographic Focus
- United States
- Location
- Greater Chicago Area / Chicago, Illinois
Background
Phil Van Syckle is publicly associated with Kensington Realty Advisors, Inc. in Chicago and KMF Senior Housing Investors, LLC. ContactOut lists him as retired at Kensington Realty Advisors and as Managing Director at KMF Senior Housing Investors, with earlier experience as Vice President at Kensington Advisors.
Before Kensington/KMF, ContactOut lists Van Syckle as Administrator, Real Estate & Mortgage Investments at State of Michigan Retirement Systems from October 1980 to March 1999. His LinkedIn profile lists Western Michigan University education from 1966 to 1968; ContactOut further describes this as a B.S. in Business/Real Estate.
KMF Senior Housing Investors was described by Levin Associates in 2009 as a firm created to serve institutional investors by combining Kensington/Marquette Partners' multifamily institutional advisory experience with Formation Capital's senior-housing expertise. GE described KMF in 2006 as a real estate private equity firm investing institutional capital in senior housing nationwide.
Investment Thesis & Focus
- KMF focused on senior housing real estate rather than startup equity. GE described the firm as specializing in “investing institutional capital in various segments of the senior housing industry.”
- The firm invested equity nationwide across “all of the major senior housing categories,” using third-party operators directly or through joint ventures.
- KMF’s stated rationale in a 2006 GE announcement emphasized “superior management, strong economic fundamentals and demographics” as drivers of senior-housing investment performance.
- Levin Associates described KMF’s model as combining residential real estate expertise with senior-care service-management experience and providing asset-management expertise for senior-care investments.
- Public sources do not support the stub’s “Angel Investors” or “Seed Round” classification; the verified record points to institutional real estate private equity and senior-housing asset investing.
Notable Investments
- West Loop senior housing portfolio - KMF joined GE Healthcare Financial Services and Senior Lifestyle Corporation in a joint venture that completed a $280 million acquisition in November 2006 of four senior housing communities in Illinois, Ohio, and Colorado totaling 1,256 units/beds.
- West Loop portfolio exit to Griffin-American Healthcare REIT II - In January 2014, West Loop Holdings, a joint venture of GE Capital Healthcare Financial Services, KMF Senior Housing Investors, and Senior Lifestyle Corporation, sold four senior-housing communities totaling 1,209 units to Griffin-American Healthcare REIT II; reported pricing was about $300 million.
- The Courtyards, Ann Arbor - Kensington affiliate Kensington/Marquette Partners and Education Realty Trust subsidiary Allen & O'Hara Development jointly developed an 896-bed student housing community near the University of Michigan North Campus for Ann Arbor Campus Housing, a Kensington affiliate.
- Brookdale-related senior housing transaction advisory - A 2003 Brookdale Senior Living contract filed publicly references a KMF fee of $777,815 for advising work connected to Southfield, Devonshire, and Gaines Ranch senior-housing properties.
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