As a managing director on the Real Estate Investment Strategies team, I manage Lument’s Propero® seniors housing private equity funds. This entails overseeing our existing funds and investment performance as well as the origination, underwriting, and closing of new investments. I am also the chief credit officer for the seniors housing balance sheet.
Our work is a vital part of how Lument continues to grow. One of our goals is to complement our HUD/FHA and agency offerings by deploying proprietary capital, in the form of debt and equity, for seniors housing. This provides our originations team with additional tools to support our clients’ business strategies and, on the debt side, further grows our permanent finance business.
After college, I began my career working as a lender in the middle market segment when I was approached to work on a multifamily mezzanine fund. I accepted that offer—at Lument predecessor RED Capital—and soon after I began concentrating on seniors housing. I enjoy that business, as it is very fulfilling to partner with experienced operators with an excellent track record and a passion for delivering high-quality care to older adults to serve the seniors housing community.
Another important part of my job has been the development of Propero. In 2013, I joined Lancaster Pollard to help build out the platform, doing everything from underwriting transactions and presenting them to the investment committee to overseeing investment exits. Propero is still going strong today, and I’m excited about its future. We have closed three funds so far and are currently in the process of fundraising for our fourth.
I’m always impressed by how much Lument supports us as we work with new investments and funds, and I think the results can be seen in the ongoing fundraising efforts for our fourth Propero series of funds. We’re always looking for ways to broaden our capabilities and further grow this business. We are aiming to considerably expand our product offerings in this fourth fund, which is really exciting.
One thing you may not know about me is that during my first year out of college, I played guitar in a band. We played for an MTV battle of the bands competition in Daytona Beach. And while it was a great experience and we finished third, it was apparent to me that my future was in finance, not rock and roll.