NEW YORK--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC (“White Oak”) today announced it will broaden its product offering and enter the healthcare real estate investment market. White Oak hired Jeff Erhardt, Paul Nevala, Mike Treiber and John Brussard to build out the vehicle, which will initially invest up to $500MM and will focus on investments in seniors housing and skilled nursing properties using triple net leases and joint-venture RIDEA structures.
“We are very excited to launch this new product and have the team join White Oak, given their outstanding investment track record,” said Isaac Soleimani, Managing Director and Partner at White Oak. “With this world-class team and new product addition, we continue to expand and have a greater impact in serving the growing healthcare real estate market.”
Prior to joining White Oak, the team founded Capital Healthcare Investments, a subsidiary of a publicly traded REIT which they grew to $300MM in assets over two years. Prior to 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.
“White Oak not only has flexible capital, but also has a dedicated team of knowledgeable healthcare focused professionals that offer competitive and creative structures” said Jeff Erhardt, Managing Director and Chief Investment Officer of the newly formed REIT vehicle. “We are looking forward to growing the business through insightful investing.”
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.