News & Events
July 20, 2009Formation Capital and Shelbourne Capital form Formation Shelbourne PartnersFormation Capital of Alpharetta, Georgia and Shelbourne Capital of Radnor, Pennsylvania have formed a new venture to develop and own senior living communities. The venture, Formation Shelbourne Partners, combines the investment capital of its founders and takes advantage of the development capabilities of their respective subsidiaries, Formation Development Group, LLC and Shelbourne Healthcare Development Group LLC. |
May 21, 2009Formation Capital purchases Memphis facility for $7.3 millionThe Wesley Highland Manor senior nursing facility at 3549 Norriswood Ave. near the University of Memphis has sold for $7.3 million to FC Highlands LLC, a single-purpose entity related to Alpharetta, Ga.-based Formation Capital. The sale closed May 11; the seller was Wesley Highland Nursing Homes Inc. |
January 1, 2009Michael T. Jones named Chief Operating OfficerMichael T. Jones was recently named Chief Operating Officer of Formation Capital, LLC. Mike has been with Formation since 2002 and was responsible for overseeing the asset managment team and acquisitions. He will now oversee all operating and acquisition activity for the company. |
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