Our History
Company History
1977
Mark Hamister, founder and CEO of Hamister Group, LLC, established his first senior living company, which grew into National Health Care Affiliates, Inc. (NHCA), ranking among the top 20 long-term care and sub-acute providers in the United States.
1980s
National Health Care Affiliates, Inc. earned a place on the Inc. 500 list five times, securing its induction into the Inc. Magazine Hall of Fame.
1996
NHCA had 37 business units in six states and annual sales exceeding $100 million. NHCA exceeded industry standards throughout most of its tenure. It was so highly recognized that other companies engaged NHCA to manage their facilities.
NHCA’s Research Group had predicted that market factors would cause long-term-care and home-care companies to make a choice between quality and profitability. Since NHCA was unwilling to sacrifice either one, company leaders decided that it was time to sell. In 1996, a public REIT named Genesis purchased the majority of NHCA’s business units for $134 million. NHCA’s customers and employees had the opportunity to continue their relationships with a reputable organization. Shareholders attained an internal annual rate of return on their investment exceeding 37%.
1997
Hamister and other shareholders purchased Health Services of Northern New York, Inc. (HSNNY), a home healthcare agency in St. Lawrence County, NY. HSNNY is a separate corporate entity managed by Hamister Group, LLC. At the time of purchase, the annual sales were under $5 million; by 2012, sales exceeded $7.4 million.
Hamister purchased the Buffalo Destroyers, an arena football team. The team was sold in 2004.
1999
Hamister launched Premier Self Storage, Inc., a company offering enhanced security, high cleanliness standards, and convenient refuse disposal.
2002
NHCA’s MedLink Group, Inc. sold its home health and supplemental staffing offices. Post-sale, Hamister continued to manage HSNNY and three Western New York assisted living residences: Brompton Heights, Orchard Heights, and Heather Heights.
The same year, The Hamister Group, Inc. was formed as a successor to National Health Care Affiliates, Inc.
2004
A new focus on hotel acquisitions led to the acquisition of Smyrna Nashville Fairfield Inn & Suites by Marriott and Smyrna Nashville Sleep Inn & Suites.
2005
Hamister sold Premier Self Storage to Public Storage, Inc., achieving exit returns of 37% to 45.4% per annum for investors. The same year, the company acquired Knoxville Airport MainStay Suites, Louisville Sleep Inn & Suites, and Lebanon Nashville Sleep Inn & Suites.
2006
Further expanding its portfolio, Hamister acquired several properties, including Pittsburgh Cranberry Township Residence Inn, Pittsburgh Cranberry Township Hampton Inn, Pittsburgh Airport Hampton Inn, Pittsburgh Greentree Hampton Inn, and Pittsburgh Cranberry Township Holiday Inn Express.
2012
Hamister Group, Inc. acquired the Holiday Inn Southaven in Southaven, Mississippi, and purchased the Tishman Building at 10 Lafayette Square in Downtown Buffalo, NY. This building was transformed into a mixed-use property featuring a Hilton Garden Inn, market-rate apartments, and the new Hamister Group, Inc. Corporate Office.
2013
Hamister Group, Inc. sold four profitable hotel operations in the Pittsburgh, PA market, achieving an impressive internal rate of return of 30.6%.
2015
Through an affiliate, Hamister Group, Inc. acquired Forest Hill Heights in Maryland, a 92-unit assisted living facility previously known as Rock Spring Village Assisted Living Community.
Hamister Group, Inc. raised its first fund, Fund I, which had a total equity of $23.6 million.
Hamister Group, Inc. was changed to Hamister Group, LLC.
2016
Hamister Group, LLC, commenced construction on Hyatt Place Niagara Falls, the largest non-casino development in the area, which was purchased under Fund I. Also under Fund I, Hamister Group acquired a three-property, 314-room hotel portfolio in Hazleton, Pennsylvania.
Additionally, Hamister Group’s Fund II converted a former La Quinta Inn & Suites in Pittsburgh into Northland Heights, LLC, an assisted living facility. Another Fund II acquisition included a three-property, 314-room hotel portfolio in Indiana.
2018
Acquired Northshore Heights, a 69-unit senior living facility in Knoxville, TN.
2019
Acquired and converted Ramada Jamestown, NY, to DoubleTree Jamestown, a 147-unit hotel, and sold Holiday Inn Southaven, Mississippi, in September 2019, achieving an impressive internal rate of return of 22.9%.
2020
Purchased and converted an empty building into Lansdowne Heights, a 60-unit senior living facility in Leesburg, VA.
2021
Following the passing of Mark E. Hamister in August 2021, Daniel M. Hamister assumed the role of CEO three months ahead of schedule.
Acquired Staybridge Suites, an 88-unit hotel in Rochester, NY, and SweetBriar, a 65-unit senior living facility in Dunbar, WV.
2022
Acquired Buckingham Heights, a 46-unit senior living facility in Glastonbury, CT, and DevonHouse, an 80-unit senior living facility in Allentown, PA.
2023
Acquired Chantilly Heights, a 48-unit senior living facility in Chantilly, VA, and Homewood Newtown, a 104-unit hotel in Newtown, PA.
2024
Acquisition of Shelby Gardens, a 77-unit assisted living facility located in Cordova, TN, previously known as Shelby Gardens Place.
