Jerry L. Doctrow

Jerry L. Doctrow is a Managing Director of Stifel, Nicolaus & Co., and he leads
the firm’s six-person health care services and health care real estate research
team. He has been recognized six times by The Wall Street Journal and twice by
Forbes/Starmine as one of the best health care or real estate analysts in the
U.S. Mr. Doctrow and his team follow 45 publicly traded companies, including 11
health care REITs. Mr. Doctrow has over 30 years’ experience in equity research,
consulting, public policy, finance and market analysis. He spent 18 years at
Legg Mason, where he led the health care services research team and served as
President of the firm’s real estate consulting unit, advising not-for-profit and
corporate clients on the development of senior housing and health care
facilities. Stifel Nicolaus acquired Legg Mason’s capital markets division in
December 2005. Mr. Doctrow served on the board of a not-for-profit agency that
developed several hundred units of senior housing and, together with members of
his family, has selected and monitored assisted living and nursing facilities
for his own parents. He spent his early career in the public sector as an urban
planner and housing finance program administrator. Mr. Doctrow has a B.A. in
social and behavioral science from Johns Hopkins University, and a master’s in
public administration from George Washington University. He is an Associate on
the faculty of the Department of Health Policy and Management at the Johns
Hopkins University Bloomberg School of Public Health; he has also advised
researchers at the World Bank on using private investment to improve health care
delivery in developing countries. Mr. Doctrow is a frequent speaker at industry
conferences. He leads an annual conference on senior housing and health care
real estate that features CEOs from all of the public senior housing providers
and health care REITs, and co-chairs the Stifel Nicolaus/Johns Hopkins annual
health policy symposium, which this year focused on “The Tangible Impacts of
Healthcare Reform.” His recent publications include Healthcare REITs – Antidote
for an Economic Downturn?, published in the winter of 2008.