ALPHARETTA, Ga., April 1, 2011 /PRNewswire/ -- Formation Capital (Formation), a leading investor in the seniors housing and health care industry, today announced the hiring of Brian Beckwith as Chief Executive Officer, effective April 18, 2011. Mr. Beckwith joins from GE Capital where he had been Senior Managing Director of GE Capital's Healthcare Financial Services - Real Estate team, a business with investments totaling $7 billion. In his 13 years with GE Capital, Brian successfully led teams in risk and sales focused on health care services and real estate financing, including developing the European platform for health care debt and real estate equity investing. Mr. Beckwith holds a BBA from the University of Georgia, an MBA from Georgia State University and serves, or has served, on the boards of the National Investment Center, the American Senior Housing Association and the Alumni Board of the University of Georgia - Terry College of Business.
Beckwith will report to the Chairman, Arnold Whitman, and Co-Chairman and President Steven Fishman. Both Whitman and Fishman will remain very active in Formation with a continued focus on new transactions and portfolio companies.
"With Brian's broad health care expertise, relationships and leadership in the health care real estate industry, he will be an important addition to the team as we work together to build on the successful track record of Formation," Whitman said.
Formation Capital, LLC invests equity in the seniors housing and health care industry. Over the past 6 years, Formation Capital has coordinated the investments in over $4 billion of transactions. As a focused and experienced underwriter and asset manager for seniors housing and health care investing, Formation Capital has successfully developed a strategy of "alignment of interests" with both capital and operational partners in a unique and dynamic approach to investing. For more information, visit http://www.formationcapital.com.
CONTACT: Christina K. Firth, Formation Capital, LLC, 770.754.5586
SOURCE Formation Capital, LLC