AmeriCare's executive office is located in Solana Beach, California. The Company owns retirement communities in San Marcos, CA, and Fallbrook, CA, and two major outpatient medical centers in Encinitas, CA, and Vista, CA. The individual properties are supported with management, marketing and financial services from the Corporate Office. The Company employs more than 230 personnel and operates over 300 apartments in its retirement communities and more than 60 medical and dental practices in its medical office buildings. Its real estate assets include nearly 400,000 SF of rentable space.
Executive Management Team
David G. Petree - Chairman, President and Chief Executive OfficerMr. Petree founded AmeriCare Health & Retirement in 1984 and has served as its President, CEO and Chairman since that time. From 1973 until 1984, he was an administrator at the 512-bed Mercy Hospital & Medical Center in San Diego, California. He served as an officer in the Civil Engineer Corp of the United States Navy from 1967 to 1971 with his last duty station at the 2,100-bed U.S. Naval Hospital in San Diego, California. Mr. Petree has been involved with healthcare management, marketing and development since 1969.
Gilles D. Giauffer - Treasurer, Vice President and Chief Financial OfficerMr. Giauffer joined AmeriCare Health & Retirement in 1989 after representing of one of AmeriCare's major investors. He has served as the Company's Chief Financial Officer since that time. From 1986 to 1989, he was an owner, Vice President and Chief Operating Officer of a Southern California hospital service company. Mr. Giauffer worked as an Executive Director for American Medical International (AMI) hospitals in USA and Europe from 1974 until 1986. Mr. Giauffer has more than 30 years of management and financial experience in the healthcare industry.
Gregory A. Petree - Secretary, President - AmeriCare Medical PropertiesMr. Petree joined AmeriCare Health & Retirement in 2005 as its Director of Acquisition & Development for medical assets. He was responsible for the development and leasing of a 35,000 SF expansion at the Encinitas outpatient health center. In 2009, he helped create and found AmeriCare Medical Properties, a wholly owned subsidiary of AmeriCare Medical Properties, Inc. He now serves as the President and Chief Operating Officer of this medical asset division. In 2011, he lead the successful acquisition of Vista Medical Plaza, a 55,000 SF outpatient medical office building in Vista, CA. Prior to joining AmeriCare, he worked for more than a decade in marketing and advertising for Oracle Corporation, McCann Erickson, and J. Walter Thompson.
Matthew D. Petree, Director of Property DevelopmentMatt Petree is the Director of Property Development for AmeriCare Health & Retirement. Upon joining the company in 2011, he lead the development of the Memory Care Suites facility at Silvergate Fallbrook, which opened its doors in 2012. He currently leads all efforts to develop and/or acquire future retirement projects for the company. Prior to joining AmeriCare, he worked as a management consultant for Booz Allen Hamilton, Deloitte Consulting and BearingPoint, Inc. Mr. Petree received his MBA from the George Washington University in 2008.
Pamela A. Rundle - Director of Marketing & Business DevelopmentMs. Rundle joined AmeriCare Health & Retirement in 2002 as the Director of Marketing and Business Development Director for the Company's Silvergate Retirement Communities. From 1996 until 2001, she served as a marketing director for Cypress Court, an assisted living community in Escondido California, and as a sales training specialist for the owner, Kisco Senior Living. Prior to that she was a Marketing Director at Rancho Vista assisted living community in Vista, California, a position she held from 1994 to 1996. Ms. Rundle began her career in Marketing in 1991 developing jobs for persons with disabilities until 1994. Prior to working in healthcare, she worked with Hilton and Hyatt Hotels for 8 years.
AmeriCare's management philosophy focuses on three essential elements. First, we believe that it is our responsibility to build personal relationships with residents in our retirement communities and tenants in our medical office buildings to insure that we understand and serve their needs. Second, we believe that it is our responsibility to treat our employees fairly with understanding and consideration for both their professional and personal needs. In return, we seek individual performance that exceeds normal expectations and a commitment of long-term loyalty to the Company. And third, we believe that we must manage and operate our properties and businesses successfully and profitably with a primary focus on delivering quality, innovation and value to the services and products that we offer.
AmeriCare is an opportunistic company with an entrepreneurial foundation for growth. The anticipated focus for growth over the next several years will be the acquisition of existing retirement communities and medical office properties that offer sufficient cash flow returns on invested capital. Although the Company has historically focused on the sole ownership of such properties, the AmeriCare has now expanded its interests to include participating investments in selected assets in which it acts as manager of the property and the ownership entity. The Company is currently looking for opportunities to invest in and manage such real estate assets.