Managing Director

 

678-578-8403

[email protected]

Cory Bennett joined Formation Capital in 2015. Cory manages the acquisitions and business development team at Formation Capital in addition to providing senior level investment strategy and asset management leadership.  Throughout his tenure at Formation Capital, Cory has been involved in all aspects of the firm’s investments from origination to disposition, including portfolio strategy, cultivating investor and lender relationships, managing cross-functional teams to maximize investor returns, ROI projects, budget and forecasting and reporting.  Cory has completed more than $1.2 billion in transactions since 2018.
Cory has been active in finance and lending for more than 16 years, spending nine years at Wells Fargo Bank and Wachovia Bank where he provided project financing solutions and enterprise level debt and structured products to the largest homebuilders and residential developers in North America.
Cory received an MBA from the Goizueta Business School at Emory University and a BS in Global Economics and Modern Language with a focus in Spanish from Georgia Institute of Technology.

Chief Investment Officer

 

678-336-1405

[email protected]

Stephanie Hamner joined Formation Capital in 2012, and leads the firm’s asset management efforts including financial and operational monitoring and analysis, lender management, portfolio compliance and investor reporting. Stephanie has been active in finance and lending for over 15 years, and worked for six years with the real estate group of GE Healthcare Financial Services prior to joining Formation Capital. She also served as the Manager of Financial Planning & Analysis at CNBC and a Senior Investment Analyst for GE Capital.Stephanie has been active in finance and lending for over 15 years, and worked for six years with the real estate group of GE Healthcare Financial Services prior to joining Formation Capital. She also served as the Manager of Financial Planning & Analysis at CNBC and a Senior Investment Analyst for GE Capital. Stephanie earned her BA in Economics with honors from Vanderbilt University.

Administrative Manager; Executive Assistant to Arnold Whitman

 

678-336-1403

[email protected]

Katy Crane joined Formation Capital in 2013. Her primary role is as Executive Assistant to Mr. Whitman. In addition, she performs a number of administrative and operational functions within the company. Prior to joining Formation Capital, Katy worked and Office Manager and Bookkeeper for the tax firm Worsham & Sammons, LLC. Katy earned an M.T.S. from Duke Divinity School and a B.A. from Wake Forest University.

Analyst, Finance

 

678-216-4933

[email protected]

Ewan joined Formation Capital in January 2021 as a staff accountant. His primary roles include accounts payable, invoice processing, and cash management. Prior to joining Formation, Ewan worked for Electrostatic Spraying Systems as a purchasing manager. Ewan is a 2018 graduate of the University of North Georgia, where he received a bachelor’s degree in Accounting.

VP, Finance

 

678-578-8389

[email protected]

Charity Simmons joined Formation Capital in November 2016 as an Accounting Manager. She is primarily responsible for all financial accounting and reporting of assigned Formation portfolios. 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 Pricewaterhouse Coopers 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.

VP, Finance

 

678-578-8384

[email protected]

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.

Chief Compliance Officer, SVP

 

770-754-5099

[email protected]

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.

Associate, Finance

 

678-578-8377

[email protected]

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.

CEO

 

678-578-8393

[email protected]

David Russ joined Formation Capital in 2010, and currently serves as CEO. David provides senior management leadership to all aspects of Formation Capital and leads the firm’s investment efforts including acquisitions and asset management. Since joining Formation Capital in 2010, David has been instrumental in the firm’s growth in healthcare real estate and expansion into growth equity for service companies. David Russ has been active in private equity investing, acquisition finance and lending for more than 20 years and enjoyed a ten-year investment banking career in New York with Bear Stearns and RBC Capital Markets focused on acquisition finance, executing more than $30 billion of transactions across various industries. David has earned the Chartered Financial Analyst designation, an MBA from Duke University and a BA from the Honors program at Vanderbilt University with majors in Mathematics and French.

Associate, Finance

 

678-216-4901

[email protected]

Chris Starkey joined Formation Capital in 2020 as an Assistant Portfolio Controller. His primary duties include preparing and reviewing all accounting aspects of assigned Formation portfolios including debt servicing, cash management, and financial reporting as well as managing audit engagements. Prior to joining Formation Capital, Chris worked for KPMG’s U.K. and U.S. firms for 6 years across their Audit practices, working on public and private clients across numerous sectors. Chris is a Chartered Accountant and member of the Institute of Chartered Accountants in England and Wales. He graduated from the University of Birmingham, U.K. with a Masters degree in Physics.

Chief Financial Officer

 

678-578-8417

[email protected]

Joe McDurmont joined Formation Capital in 2014. Currently serving as CFO, Joe leads the firm’s accounting, fund administration and internal finance efforts. Joe has been instrumental in building an investment management platform that supports Formation’s SEC registrant joint venture partners as well as the firm’s position as a fully compliant SEC Registered Investment Advisor. Joe has been active in accounting and finance for more than 20 years, having served in various finance and accounting roles across the real estate industry. Most recently, Joe was Vice President of Accounting at Columbia Property Trust and its predecessor company Wells Real Estate Funds. 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.

Executive Chairman

 

770.754.9660

[email protected]

Arnold Whitman is founder and Chairman of Formation Capital. Over the past 20 years, Arnie has strategically led Formation Capital in its growth and in the execution of over $8.5 billion in transactions. Arnie is also a founding partner in Generator Ventures, a leading venture firm focused on the intersection of innovation and aging. He is also an active partner in Aging 2.0, a global platform and community for innovators, providers, distributors and investors focused on solutions for aging and seniors.
Arnie is a former board member and Chairman Emeritus of the National Investment Center for Seniors Housing and Care (NIC). He currently serves on the boards of Genesis Healthcare, HC-One in the U.K., ASHA, Care Institute, Vynca, and Chronic Care Management, Inc.