Managing Director, Elevation Capital Partners
During his 37-year career as an investment banker, Mr. Rodstrom has overseen over $4 billion of capital markets transactions across a range of sectors that include healthcare, educational facilities, school COPs, water and sewer, complex refundings, community development districts, tax increment financings, parking, excise taxes, special assessment, charter schools, electric power, airports, and transportation issues. Notably, Mr. Rodstrom has completed senior-managed bond transactions in Florida, Texas, Colorado, California, South Carolina, Georgia, Wisconsin, and Washington. In addition to prior investment banking positions at Citigroup, Wachovia, and Sterne Agee & Leach, Mr. Rodstrom most recently spent 9 years at Oppenheimer & Co., where he specialized in municipal bond transactions typically characterized by a non-governmental revenue stream serving as the source of loan repayments.
As part of the portfolio of investment banking transactions completed by Mr. Rodstrom during his time at Oppenheimer, he successfully designed a structure that produced an investment-grade bond offering to serve the medical education industry. By deploying that structure, Mr. Rodstrom consummated innovative financings for the benefit of two of the country’s newest osteopathic colleges: the Idaho College of Osteopathic Medicine in Meridian, Idaho (“ICOM”) and the Burrell College of Osteopathic Medicine in Las Cruces, New Mexico (“BCOM”).
Prior to the opening of the College, Mr. Rodstrom and his team implemented a loan financing strategy that resulted in a 6.80% all-in cost of funds to complete construction of ICOM. The successful sale of ICOM’s bonds motivated BCOM to refinance its outstanding corporate notes two years prior than initially planned. Mr. Rodstrom effectuated a sale of bonds on behalf of BCOM that were purchased by 16 institutions and provided a 6.12% all-in cost of funds, yielding present-value savings of roughly $5 million relative to the refinanced notes. More recently, Mr. Rodstrom devised the plan of finance that ultimately resulted in a successful sale of bonds in early 2021 for the construction and development of the Noorda College of Osteopathic Medicine in Provo, Utah.