TEAM


INVESTMENT PROFESSIONALS

Rita Arowoselu, CPA
Accounting Manager

Rita Arowoselu joined Formation Capital in May of 2015. She is responsible for the maintenance of the financial statements of the legacy portfolios.

Prior to joining Formation Capital, Rita was a part of the Accounting and Finance Team at Biolab, Inc., a manufacturing company. There she focused heavily on financial statement analysis and general accounting duties.

Rita received her MBA from Brenau University in 2014 and her BA in Accounting and Finance from the University of West Georgia in 2012.


Devin Battiston
Vice President, Acquisitions

Devin Battiston is a Vice President on the Acquisitions team, where he is responsible for analysis and execution of acquisition transactions and asset management initiatives.

Prior to joining Formation Capital in 2012, Devin worked for Bank of America Merrill Lynch for six years. His experience focused on origination and structuring of leveraged and investment grade syndicated loans, CMBS and sale-leasebacks with over $30 billion of transaction experience across the real estate and lodging industries.

Devin graduated from the McIntire School of Commerce at the University of Virginia with a BS in Commerce and concentrations in Finance and Management.


Cory Bennett
Vice President, Asset Management

Cory Bennett joined Formation Capital in 2015. As a member of the Asset Management Group, he is responsible for managing property portfolios, ROI initiatives, lender and investor relations and financial reporting and analysis.

From 2009 to 2015, Cory was a Relationship Manager in the Homebuilder Corporate Banking Group at Wells Fargo Bank where he provided enterprise and project-level banking solutions to the largest homebuilders in the United States. In 2008, he worked at Wachovia Bank as a Risk Advisor on the Credit Grading Methodology team in Charlotte, North Carolina. Cory started his career in 2006 as a Risk Analyst at Wachovia in Atlanta, Georgia.

Cory received a BS in Global Economics and Modern Language with a focus in Spanish from Georgia Institute of Technology and an MBA from the Goizueta Business School at Emory University.


Katherine Boelte
Vice President of Finance & Administration

Katherine joined Formation Capital in March 2015 as Vice President of Finance & Administration. She is responsible for the books and records of Formation Capital, cash management and treasury administration for corporate and portfolio accounts, as well as fund setup and administration.

Prior to Formation Capital she was the Vice President & Treasurer at HD Supply, one of the largest industrial distributers in North America, Katherine spent 10 years with Caraustar Industries in various finance and accounting roles and started her career as an auditor for Deloitte & Touche LLP.

Katherine is a member of the American Institute of CPAs, Association of Financial Professionals, CFO Leadership Council, and the Corporate Treasurers Council. She is an actively licensed CPA and graduated Summa Cum Laude from Auburn University with a bachelor’s degree in Business Administration and a major in Accounting.


John Crasweller
Vice President, Formation Lending Group

John Crassweller joined Formation Capital in February 2015. His primary duties include underwriting, closing, and managing a portfolio of healthcare real estate loans.

Prior to joining Formation, John worked as a Director of Healthcare Real Estate for Oxford Finance. While at Oxford Finance, he focused on underwriting and closing healthcare real estate and asset-based loans. Previously, he worked in the Healthcare lending group at The PrivateBank and Trust Company.

John received a Bachelor’s degree with a major in Finance from The University of Iowa.


Eric Hendrix, CPA
Controller

Eric Hendrix joined Formation Capital in April of 2010 as Controller. Mr. Hendrix is responsible for managing the accounting team for Formation Capital which includes handling, investor reporting, overseeing process controls, treasury and debt compliance, managing income taxes and outside audit related matters. In addition he is responsible for overseeing operator reporting and compliance with master lease terms and covenants.

Eric joined Formation from Tatum LLC where he was a principal in the consulting and controller practice in Atlanta. In addition he has previously held controller positions for privately held companies in the Atlanta area. He was also in public accounting for over eight years where he specialized in audit and corporate tax.

Eric graduated from Samford University in Birmingham, Alabama where he obtained a BA degree in Business Administration and Accounting.


Eugenia S. Hobbs, CPA
Tax Manager

Eugenia Hobbs joined Formation Capital in 2013. As Tax Manager, her responsibilities include managing the tax compliance process, reviewing and filing federal, state, local and property tax returns, projections for quarterly estimates, communication with investors and tax authorities, tax planning and research.

Eugenia began her accounting career with a small UK-based company that organized medical conferences around the world. While earning additional educational credits for her CPA, she got interested in tax and joined Ernst & Young where she worked on expatriate and foreign resident taxation before moving to the real estate group at Pricewaterhouse Coopers. During her 4-year tenure with PwC, Eugenia worked on a variety of clients in real estate and private investment companies. In addition, prior to joining Formation Capital, she worked for a regional real estate fund and solely managed all tax compliance functions for its corporate tax department.

Eugenia received a Bachelor of Arts in Teaching English and French from the Moscow State Pedagogical University in Moscow, Russia, and she earned her MBA and Master of Taxation from Georgia State University. She is a certified public accountant in the state of Georgia.


Deborah Johnson
Senior Accountant

Deborah Reed Johnson joined Formation Capital in March 2015. Her primary duties include cash management, accounts payable, and portfolio accounting. Prior to joining Formation Capital, Deborah was part of the accounting and finance team at Primary Capital Mortgage, a publicly traded residential mortgage lender and servicer.

Deborah earned her BA in Accounting from Georgia State University and received her MBA from Brenau University in 2017.


Grant Johnston
Vice President, Operating Company Asset Management

Grant Johnston is responsible for the ongoing management of operating company investments, including portfolio compliance, investor relations, execution of growth strategies and profit optimization.

Prior to joining Formation Capital, Grant worked in GE Capital Healthcare Financial Services’ leverage lending group for six years, most recently as a Vice President focused on underwriting and portfolio management.  Before joining GE HFS, Grant was an Associate in GE Capital’s Risk Management Leadership Program.  He began his career as a small business banking and retail branch manager at Wells Fargo Bank.

Grant earned a BA in Spanish and a BA in Business Management from North Carolina State University, an International MBA with a concentration in Finance and Spanish from the Moore School of Business at the University of South Carolina and a Masters of Accounting from North Carolina State University.


Michael K. Landers, CPA
Accounting Manager

Michael Landers joined Formation Capital in 2015 as an Accounting Manager and is primarily responsible for all financial accounting and reporting related to multiple portfolios.

Prior to joining Formation Capital, Michael worked in public accounting as an auditor, tax accountant, and consultant as well as in private industry as an assistant controller at an industrial wholesaler.

Michael graduated from Kennesaw State University with a BS in Information Systems and is a Certified Public Accountant. He is also a member of the Georgia Society of CPAs.


Inessa Loyevska, CPA
Accounting Manager

Inessa Loyevska joined Formation Capital in March 2015 as a Senior Accountant for the Eclipse Portfolio. Her primary duties include oversight and management of all areas relating to accounting and financial reporting of the Eclipse portfolio as well as SOX compliance.

Prior to joining Formation, Inessa worked as a Senior Accountant for Alliant Health Solutions, a not-for-profit Government sub-contractor and as a Property Accountant for Consulate Management Company.

Inessa received BA in Accounting from Georgia State University in 2012 and Master in Accounting from Kennesaw State University in 2015.


Arthur Mallard
Associate, Acquisitions

Arthur Mallard joined Formation Capital in 2015 as an Analyst on the Acquisitions team. He is responsible for analysis and execution of acquisition transactions.

Prior to joining the company, Arthur worked in the Syndicated & Leveraged Finance group at SunTrust Robinson Humphrey in Atlanta, GA as an Investment Banking Analyst.

Arthur is a 2011 graduate of Georgia Institute of Technology, where he studied Finance at the Scheller School of Business.


Joe McDurmont, CPA
Vice President, SEC Reporting and Compliance

Joe McDurmont joined Formation Capital in 2014 as the Vice President of SEC Reporting and Compliance with a heavy focus on supporting Formation’s SEC registrant joint venture partners. He is also responsible for overseeing the purchase price accounting for all new investments, financial reporting (both internal and external), audits, internal controls/SOX compliance, technical accounting research and administration of the company’s report writing system.

Joe has over 20 years of accounting experience. Prior to Formation, he served as Vice President of Accounting at Columbia Property Trust and its predecessor company Wells Real Estate Funds. Prior to that time, Joe was a Financial Manager with Trammell Crow Co., with CFO responsibility for the company’s Atlanta real estate operations. He also previously served as Director of Partnership Reporting and Controls for HEALTHSOUTH Corp., and as Senior Accounting Manager for Cingular Wireless.

Joe graduated from Georgia State University with a BBA in Accounting and is a Certified Public Accountant. He is also a member of the American Institute of Certified Public Accountants and the Georgia Society of CPAs.


Jeffrey Nolan
Assistant Vice President

Jeffrey Nolan is a member of the Asset Management Group, where his responsibilities include portfolio operations, execution of growth strategies, profit optimization and investor reporting.

Prior to joining Formation Capital, Jeff worked in the acquisitions group at Rialto Capital, a real estate private equity firm, where he focused on distressed and undermanaged real estate. Prior to Rialto, he spent several years in turnaround management and strategy consulting. Jeff began his career with Alvarez & Marsal and has executed projects totaling over $200M in EBITDA improvement across a variety of public and private equity backed companies.

Jeff received a BS from Vanderbilt University and an MBA from the Wharton School of Business at the University of Pennsylvania.


Chris O'Dekirk
Associate, Acquisitions

Chris O’Dekirk joined Formation Capital in January 2017 as an Associate on the Acquisitions team. He is responsible for analysis and execution of acquisition opportunities.

Prior to joining Formation, Chris worked as an Associate at EDG Partners, a lower middle market, healthcare private equity firm, where he focused on screening, execution, and oversight of EDG’s investments. Prior to his role at EDG, Chris worked at SunTrust Robinson Humphrey in the Healthcare Investment Banking group.

Chris is a 2012 graduate of the University of Georgia, where he received a BBA in Finance and a BS in Mathematics.


Nela Powell
Legal and Compliance Manager

Nela Powell joined Formation Capital in 2014. Her responsibilities include the implementation and monitoring of the compliance training and management systems, as well as supporting various compliance and legal-related projects.

Prior to joining Formation Capital, Nela worked in the litigation department of a real estate firm. Her job responsibilities included working alongside the Litigation Compliance Management team as well as Associate and Managing Attorneys to ensure compliance and adherence to both firm and client directives. Nela also spearheaded the drafting and implementation of the Litigation and Eviction Department’s Policies and Procedures Manuals.

Nela earned her BS in Biology from Georgia State University and obtained her Paralegal Certification from the University of Georgia's Paralegal Certificate Program.


Carrie Rasca
Vice President, Asset Management

Carrie Rasca is responsible for asset management, cash management, and portfolio reporting. Prior to joining Formation Capital in 2013, Carrie worked at Hudson Advisors as Assistant VP working on debt restructuring, asset recovery and Controller for the Senior Housing portfolio. She began her career with Holiday Retirement and provided a significant role in the restructure of Sunwest Management.

Carrie earned her BS in Business from Western Oregon University.


David Rihner
Portfolio Group Controller

David Rihner joined Formation Capital in January 2016 as Portfolio Group Controller. His primary duties involve oversight of all accounting aspects of assigned Formation portfolios including financial reporting, on-boarding new portfolios, oversight of purchase price allocation projects, directing audit engagements, and other special projects as needed.

David has over 15 years of accounting experience. Prior to Formation, he served as Director of Property Accounting at Signature Office REIT and its predecessor company Wells Real Estate Funds, Inc. Prior to that time, he was an Associate Director in Mobility Network Finance at AT&T and held various Finance and Accounting positions at AT&T/Cingular Wireless.

David graduated with a BS in Accounting from William Carey University and a MBA from Kennesaw State University.


Morgan Seymour
Analyst, Asset Management

Morgan joined Formation Capital in 2017 as a member of the Asset Management Group. She is responsible for investor relations and financial analysis and reporting.

Prior to joining Formation, Morgan worked for EY in their Assurance practice, specializing in financial services clients.

Morgan is a graduate of The University of Georgia, where she received a BBA in Accounting and also received her Master of Accountancy from the Terry College of Business.


Charity Simmons
Accounting Manager

Charity Simmons joined Formation Capital in November 2016 as an Accounting Manager. She is primarily responsible for all financial accounting and reporting of the Espresso portfolio.

Prior to joining Formation Capital, Charity worked as a Senior Accountant at Euramax International, a building products manufacturer. Her duties included SEC financial statement reporting, consolidations, and other corporate accounting functions. Prior to that time, she worked at PricewaterhouseCoopers as an auditor in the Private Company Services group.

Charity Simmons graduated with a BBA in Finance and Economics from Bryan College and an MBA in Accounting from Kennesaw State University.


Svan Valsson
Analyst, Asset Management

Svan Valsson joined Formation Capital in 2017 as an Analyst on the Asset Management team. He is responsible for investor relations and financial analysis and reporting.

Prior to joining Formation, Svan was a part of the Strategic Finance group at Northside Hospital and the Corporate Finance group at Cox Enterprises.

Svan is a 2015 graduate of Georgia State University, where he received a Bachelor of Science in Economics.


Blake Williams, CPA
Senior Accountant

Blake Williams joined Formation Capital in 2016. As a member of the accounting team, Blake is responsible for the financial accounting and financial reporting of multiple portfolios.

Prior to Formation Capital, Blake worked in the International Tax Group at Deloitte, the Assurance and Advisory Management Program at The Home Depot and served as a Senior Associate in the Financial Planning and Analysis group at Cox Automotive.

Blake is a licensed CPA of the State of Georgia. He earned a BBA, Magna Cum Laude and a Masters of Accountancy from The University of Georgia.


Val Zanev
Staff Accountant

Val Zanev joined Formation capital in April 2016. His primary duties include accounting and reporting functions with analysis for investments funds, real estate portfolios and tenant operators.

Prior to joining Formation Capital, Val worked as an accountant for the Buckhead Life Restaurant Group. While at Buckhead Life, Val assisted the Controller on the daily closings and financial analysis for multiple entities.

Val received a Bachelors of Business Administration in Accounting, with a minor in Finance from Kennesaw State University in 2014.