White Oak Healthcare Finance has launched a real estate investment trust vehicle, White Oak Healthcare REIT, I, LLC, and plans to invest up to $500 million in senior housing and skilled nursing acquisitions through triple-net leases and joint-venture RIDEA structures, the company announced Tuesday.
The affiliate of White Oak Global Advisors has hired Jeff Erhardt, Paul Nevala, Mike Treiber and John Brussard as it broadens its product offering and enters the healthcare real estate investment market.
“We are very excited to launch this new product and have the team join White Oak,” Isaac Soleimani, managing director and partner at White Oak, said in a statement.
Before joining White Oak, the team founded Capital Healthcare Investments, a subsidiary of a publicly traded REIT, which grew to have $300 million in assets in approximately two years. Before that, they worked together for 12 years at GE Capital Healthcare Financial Services, where Erhardt was the head of the healthcare real estate equity platform, Nevala was head of long-term care investment research and Treiber underwrote and managed healthcare real estate equity and debt deals.
“We are looking forward to growing the business through insightful investing,” said Erhardt, who is managing director and chief investment officer of the new REIT.