A former vice president with Welltower (NYSE: WELL) has joined Oakmont Management Group as its CFO and chief investment officer.
The Windsor, California-based company has named Kevin Tyler to the role. Tyler previously worked as vice president and head of the west coast office for Welltower, where he had a hand in managing the Toledo, Ohio-based real estate investment trust’s (REIT) key partnerships, underwriting and asset management functions, and its previous acquisitions of Oakmont communities. Tyler also previously led the health care group at commercial real estate research and advisory firm Green Street Advisors.
In his new role, Tyler will help grow Oakmont’s market position, community footprint and partnerships, according to his hiring announcement. He is tasked with leading Oakmont’s finance and accounting team along with aiding future growth and investment opportunities. He will also work alongside Oakmont President and CEO Courtney Siegel and other leaders to hone the company’s strategy and other initiatives.
Tyler is the latest addition to Oakmont’s C-suite. The provider announced the promotion of former vice president of operations Matt Stevenson to the role of COO in January.
“Oakmont Management Group is moving down a road of strategic growth and expansion,” Siegel said in a press release. “Kevin brings a track record of success in senior living partnerships, finance, and investments that supports our ongoing growth strategy and long-term business goals.”
Oakmont, which oversees 34 communities throughout California and Nevada, has relationships with multiple real estate investment trusts such as Welltower and Healthpeak (NYSE: PEAK). Last year, Oakmont sold six six communities in California to Welltower for approximately $297 million.
In more recent months, the company has worked to overhaul its sales and marketing efforts in light of the Covid-19 pandemic. Instead of focusing on high-end amenities and services as it had done before the pandemic, Oakmont made health care, safety and sanitization its primary value proposition to prospective residents and their families.
Tyler is also not the only Welltower leader who has gone on to take a leadership role at a senior living provider in the REIT’s portfolio. Long-time Welltower executive Mercedes Kerr left the REIT in 2019 to become president of Houston-based Belmont Village.