The majority equity interest of the community was sold to Life Care Services in December 2019 with the SCD member retaining a minority interest. SCD, along with its partners in the transaction, purchased The Clare for all cash and turned it around to its present occupancy in excess of 98% while at the same time investing heavily in re-imagining many of its common areas from the lobby to the 53rd floor lounge, thus taking its place as one of the premiere high-rise senior living communities in the country. Under previous ownership, this community was the nation's largest municipal bond default ($225 million) in 2011. The growth of David's organization has not changed his essential business philosophy: a focus on a select few projects under development at any one time, and a dedication to quality.Ī recent Senior Care Development purchase was The Clare, a 53-story CCRC located one block from Michigan Avenue in the heart of downtown Chicago. David has also developed retirement-oriented projects that span the continuum of care from independent living to assisted living to nursing homes. (SOUNDBITE OF MATTHEW SALTZ AND RYAN HELSING'S "CASCADE") Transcript provided by NPR, Copyright NPR.Chief Executive a nationally known developer-owner of senior living facilities, David Reis (in his capacity as Managing Member of various entities) has developed, and/or has purchased, distressed Continuing Care Retirement Communities (CCRC's), also known as Life Plan Communities, in excess of $1 billion dollars over the past 28-plus years. And he says the agency deserves this Nobel Peace Prize.ĪNDRES: They saw the amazing work they were doing dropping foods in very remote villages and doing a very good job bringing that food in an organized, systematic way.īEAUBIEN: Jose Andres says he hopes this year's Nobel Peace Prize forces politicians and governments to take the issue of eliminating hunger more seriously. JOSE ANDRES: I've been in Mozambique, and I've seen the amazing work that the men and women of World Food Program has done in Mozambique.īEAUBIEN: The activist celebrity chef Jose Andres, through his World Central Kitchen, has ended up providing food in some of the same humanitarian crises as the WFP. We have to do better.īEAUBIEN: In the humanitarian world, the WFP is highly respected for its speed, efficiency and logistical muscle. But he added that it's an outrage that in 2020, people are still going to bed hungry.īEASLEY: And the fact that today in the world that the hunger rate is increasing and the number of people on the brink of starvation is increasing is an indictment on humanity. He was excited and shocked to get the news this morning that his agency just won the Nobel Peace Prize. Last year, WFP trucks, boats and planes delivered food to nearly 100 million people around the globe.ĭAVID BEASLEY: We cannot forget about those that are suffering because of war and conflict and climate change.īEAUBIEN: David Beasley, the former Republican governor of South Carolina, is now the head of the World Food Program. in 1961 at the request of President Dwight D.
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Today, Berit Reiss-Andersen, the chair of the Norwegian Nobel Committee, praised the WFP as an instrument of peace for its work to break the cycle of hunger and armed conflict.īERIT REISS-ANDERSEN: Providing assistance to increase food security not only prevents hunger but can also help to improve prospects for stability and peace.īEAUBIEN: The World Food Program was founded by the U.N.
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And day in and day out, they support long-term nutrition programs, including subsidizing local farmers and markets. In Bangladesh, the organization literally moved mountains, flattening hillsides to make space for shelters for Rohingya refugees. calls on the WFP's fleet of helicopters and cargo planes and boats to move people and supplies into disaster zones. But the work of the organization goes far beyond food. JASON BEAUBIEN, BYLINE: The World Food Program is known for dropping bags of grain out of planes in the midst of famines and airlifting tons of rice into villages destroyed by typhoons. NPR's Jason Beaubien reports it has a reputation for being on the front lines of global crises.
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The WFP is one of the largest aid organizations in the world. This year's Nobel Peace Prize has been given to the United Nations World Food Program for its efforts to fight hunger and prevent the use of starvation as a weapon of war.