Spotlight: Patrick Lam and Mike Jones

Wally Smith:
It’s been a few months since we’ve had you guys on. Why don’t we start from scratch? And Patrick, Mike, why don’t you introduce yourselves and what you do for Inspired Healthcare?

Patrick Lam:
Sure. Thank you so much, Wally. My name is Patrick Lam. I’m the president of Capital Markets and the national sales manager here at Inspired Healthcare Capital. With the team here at Inspired Healthcare Capital, we have about 10 operations people and about seven wholesalers throughout the country.

Wally Smith:
Okay. So a smaller company. You pack a punch though. You guys, what do you specialize in and what do you do for the firm? You’re the president so you keep everybody in line?

Patrick Lam:
Yeah, absolutely. Our goal this year was to raise $500 million following an amazing 2022 when we raised just a little bit over 200 million. And so this year, our goal is to have 14 DSTs fully subscribed. We’re on track to get there, and I think we’re on track to hit 600 million this year.

Wally Smith:
Wow, that is growth. I know the market has been just on a tear, so that’s great. Mike, introduce yourself, and what do you do?

Mike Jones:
My name is Mike Jones. I’m the director of investments at Inspired Healthcare Capital. My primary responsibilities are to oversee the underwriting of our seniors housing real estate offers and structuring the investments to meet the needs of our investors. I also oversee the assets for the life cycle of their whole period through disposition. My backgrounds in commercial banking during my career, I’ve underwritten all types of operating businesses and different types of real estate assets, and I decided to devote all of my attention to seniors housing real estate a little over 10 years ago. I’ve been with IHC for nearly three years. Prior to that, I oversaw the bridge lending program for a national finance company seniors housing platform, which is one of the largest in the nation.