HJ Sims Strengthens Midwest Strategy by Hiring Greg Ellingson as VP

HJ Sims Enhances Its Midwest Operations

HJ Sims, a prominent investment banking and wealth management firm established in 1935, has recently appointed Greg Ellingson as Vice President within its not-for-profit senior living investment banking team. This strategic move is aimed at reinforcing the firm’s presence in the Midwest, particularly to support organizations dedicated to mission-driven initiatives.

Based in Des Moines, Iowa, Greg will be pivotal in expanding HJ Sims' client engagement and business development efforts across the region. His extensive background in financial strategies tailored for non-profit organizations distinguishes him as a valuable asset to the team. With an evolving understanding of capital needs in the senior living sector, Greg is well-equipped to lead impactful initiatives that align with the firm’s objectives.

A Robust Background for a Critical Role

Hailing from Pella, Iowa, Greg has established considerable expertise throughout his career in public finance and financial services aimed at enhancing the operational capabilities of non-profit organizations. Before joining HJ Sims, he gained valuable experience supporting municipal bond transactions at Stifel while based in Denver. After returning to Iowa, he became an integral part of the nonprofit sector, where he led financial and data strategies for a major health system and a regional transit agency.

At LCS, a leading operator in the senior living domain, Greg was responsible for conducting financial feasibility studies on development projects nationwide. His role eventually transitioned into real estate management, allowing him to handle bank financing and develop relationships with lenders and equity partners. His successful execution of over $500 million worth of financings exemplifies his proficiency in navigating the intricate financial landscape of the senior living industry.

Commitment to Effective Capital Structuring

Greg is adamant about his responsibilities at HJ Sims. “I'm drawn to HJ Sims because of the opportunity to support organizations during critical moments of growth and transformation,” he expressed. He recognizes that effectively structured capital enables operators to concentrate fully on their caregiving missions, a philosophy that resonates with the firm’s core values.

Lynn Daly, Co-Head of the not-for-profit senior living team at HJ Sims, praised Greg's unique blend of investment banking knowledge and senior living experience, asserting that he will significantly contribute to the firm’s ongoing growth in the Midwest. Aaron Rulnick, the Managing Principal and Head of Investment Banking, also emphasized that Greg's diverse background aligns perfectly with HJ Sims' strategic objectives and commitment to delivering exceptional outcomes for clients in the Midwest.

About HJ Sims

Founded nearly nine decades ago, HJ Sims has made a name for itself as a leader in underwriting tax-exempt bonds while providing tailored expertise in the senior living sector. To date, the firm has successfully facilitated over $34 billion in financing nationwide, establishing itself as a trusted partner for organizations seeking innovative financial solutions.

In conclusion, the addition of Greg Ellingson represents a significant step forward for HJ Sims as it continues to expand its reach and capabilities in the Midwest. His dedication to enhancing the operations of mission-driven organizations will undoubtedly fortify the firm’s legacy of support in the senior living investment banking landscape.