Co-Founder and Chairman, Formation Capital LLC
Mr. Whitman is Co-Founder and Chairman of Formation Capital. He is responsible for establishing, implementing and overseeing the company’s strategic direction. Mr. Whitman has over twenty-five years’ experience in the seniors housing and healthcare industry. In 1999, Mr. Whitman created Formation Capital as an advisory and equity investment firm for seniors housing and healthcare. Since founding the company, Mr. Whitman has overseen the investment of over $4 billion in seniors housing assets managed by Formation Capital.
Prior to Formation Capital, Mr. Whitman founded Health Care Capital Finance (HCCF), a private debt provider, where he developed a successful securitization program for seniors housing assets. Following the merger of HCCF into PRN Mortgage Capital, Mr. Whitman continued to oversee over $2 billion of debt investments into seniors housing and care. Mr. Whitman began his career in healthcare in 1985 as a Director of Acquisitions for MediPlex and then as a Vice President of Meditrust in 1986.
Mr. Whitman is a current board member and Chairman Emeritus of the National Investment Center for Seniors Housing and Care Industries (NIC) and also serves on the executive board of the American Seniors Housing Association (ASHA.) His other interests in the industry include being a Principal in Prime Care Properties, LLC and a board member of Care Institute Group, Inc. Mr. Whitman’s extensive career has allowed him numerous speaking engagements both domestically and internationally. He has also written and been featured in many publications including National Real Estate Investor, McKnight’s Long Term Care News, SeniorCare Investor, Contemporary Long Term Care, Assisted Living Today, Modern Healthcare and Real Estate Forum.
Mr. Whitman graduated a B.S. in Psychology from the University of Denver.