David M. Boitano brings 25 years of healthcare investment
experience. His capital allocation and underwriting are informed by
over $15 billion of real estate transactions, complemented by a
unique operating perspective gained as part of the senior leadership
for a national senior housing provider. He’s secured relationships
and invested across the healthcare spectrum including seniors
housing, long-term care and medical offices as both a REIT and
operating executive.
At Lument 1 Mr. Boitano is a Managing Director offering a broad array of debt and structured
products to senior housing and healthcare partners who seek flexible, innovative financing
solutions to their capital needs. Prior to Lument he was a Senior Investment Officer for a large
reit where he identified and initiated numerous transactions including the sponsor’s then largest
investment - a new relationship with a publicly traded operator secured via the acquisition of a
$187 million, 24 property portfolio. For another new client he facilitated a $59 million recap and
then more than quadrupled the relationship with follow-on acquisitions and the provision of a
development facility. A growing regional operator was aided by a creative takeout structure
which enabled the new customer to finance the construction of a $60 million campus. This
development was soon joined by additional investments, more than doubling the relationship.
Mr. Boitano’s capital formation efforts at Alterra Healthcare included over $1.5 billion of
mortgage originations and sale-leaseback financing. His healthcare experience began in 1994
as Chief Financial Officer for a regional assisted living provider where he led a recapitalization
and merger with Alterra (pre-IPO), then joined the fast-growing national operator’s management
team, participating in the initial and secondary public offerings and rising to Senior Vice
President of Finance & Acquisitions and Treasurer.
Mr. Boitano is active in several organizations and is a frequent industry speaker. He’s the
immediate past Chairman of the Finance Council for the Archdiocese of Seattle and also serves
on the Council’s Executive and Real Estate Subcommittees. He is a past board member for the
National Investment Center for Seniors Housing & Care (NIC), the California Assisted Living
Association (CALA) and Eclipse Senior Living.
His career began at Ernst & Young (audit) and includes a background in various transactional
advisory and corporate finance roles. Mr. Boitano earned his B.A. in Business Administration
summa cum laude from Pacific Lutheran University and he is a Certified Public Accountant