Jason Signor of Caddis named Healthcare Real Estate Executive of the Year
Company CEO receives prestigious, national award from Healthcare Real Estate Insights magazine for exhibiting leadership in the healthcare real estate sector
Healthcare Real Estate Insights magazine has awarded Jason Signor, CEO of Caddis, with a prestigious, national HREI Insights Award, naming him “2016 Healthcare Real Estate Executive of the Year.”
“I’m very pleased that Healthcare Real Estate Insights magazine has honored me as Healthcare Real Estate Executive of the Year,” says Jason Signor. “It’s been gratifying working in this growing, dynamic sector; developing the highest quality health and wellness facilities; expanding Caddis’ portfolio across the country; and forging relationships with industry leaders. But first and foremost, I’m proud to be a healthcare professional whose primary role is to improve the quality of care in the communities we serve.”
The annual HREI Insights Awards, which are presented in nine different categories, are awarded by Healthcare Real Estate Insights, the first and only national magazine devoted entirely to covering healthcare real estate development, financing and investment.
HREI magazine Editor John B. Mugford noted, “Every year we receive many extraordinary entries for the HREI Insights Awards, and the most recent entries were no exception. We are very happy to name Jason Signor Executive of the Year. He is an innovative trailblazer and truly an inspiring healthcare real estate industry leader.”
During his career, Mr. Signor has successfully closed more than $800 million in healthcare real estate assets in nine states, totaling nearly 3 million square feet. Over the last several years, Caddis’ senior housing communities have been responsible for the creation of an estimated 850 full-time jobs, and 360 of those have benefited North Texans.
He began his career as a civil engineer designing hospitals in Nashville, Tenn. After attending graduate school, he ventured into medical office development and found his niche organizing physicians into real estate partnerships.
In 2008 Dr. Clay Heighten and Carl Soderstrom founded Caddis, a healthcare real estate company, and appointed Mr. Signor CEO of the new organization. Under his tutelage Caddis has experienced exponential growth and become an industry-leading, full-service developer, owner and manager of medical office buildings, ambulatory surgery centers, hospitals and, under its Heartis brand, senior living communities. During his time with Caddis, Mr. Signor also spurred the creation of a proprietary, GIS mapping interface used for identifying market opportunities, which aided in the firm’s multi-state expansion of Heartis.
In 2011 Caddis was recognized in as a Top 100 Fastest-Growing Firms by Dallas Business Journal. By 2012 the firm had closed on its 20th healthcare building and by 2013 it had developed or acquired more than $100 million in new assets for the first time in a single year. During the past eight years, Caddis has grown from seven to nearly 50 employees. Modern Healthcare magazine ranked the firm as the 9th largest developer in the United States by dollar volume. By 2016 the company closed on its 40th healthcare building with a total of more than $700 million spanning 2.7 million square feet in seven states. Such significant growth resulted in the firm relocating its corporate headquarters late last year.
The company’s rapid growth was partially the result of expanding relationships with several organizations. One such investment management firm, Expedition Capital Partners LLC, intends to invest a significant amount of capital during the next five years in development projects. In 2015 Memorial Hermann Health Systems awarded Caddis the development of three convenient care clinics in the Houston market. Simultaneously, Caddis has been working with new equity partners, including Maize Partners LLC and an institutional partner, to recapitalize $400 million in healthcare real estate with the first tranche of $100 million closing on January 13 of this year.
Mr. Signor currently serves as Chairman of the Texas Business Hall of Fame, a board member of the Folsom Institute, a mentor for Healthcare Wildcatters, and is a past President of the University Park Elementary Dad’s Club. He graduated with a bachelor’s degree in civil engineering from Texas A&M University and an MBA from Southern Methodist University, where he served as class president and received the Cox School of Business “Outstanding Young Alumni Award” in 2016. Raised in the Texas Hill Country, he enjoys ranching, fly fishing and spending time with his wife and two children.