Healthcare >> Analyst Interviews >> May 13, 2002

Assisted Living & Healthcare Reits: Jerry Doctrow – Legg Mason Wood Walker

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. Profile
TWST: Will you begin by providing us with a profile of your

coverage at Legg Mason Wood Walker?

Mr. Doctrow: Certainly. I cover two areas: senior housing and

care, which includes nursing home