Cindat Capital Management, a middle-market real estate private equity platform focused on seniors housing and opportunistic investments, announced its first investment from its Senior Housing Credit Platform. It was a unitranche debt investment in The Pearl at Boulder Creak, a 116-unit, Class-A independent living and assisted living community built in 2023 in Boulder, Colorado, adjacent to the University of Colorado campus. The community is supported by a strong sponsor and an experienced operator.
The asset aligns with CCM’s strategy of investing in seniors housing assets with strong operations, a desirable physical plant and a secure competitive market positioning. Blueprint’s Ben Firestone and Michael Segal were CCM’s sole advisors in addressing its prior investments in the space. This investment is a strategic pivot from the company’s platform, as it looks to diversify its capital formation efforts with a future focus on expanding relationships with U.S., European, and Asian institutional partners and investors. CCM intends to expand its credit platform through a growing pipeline of attractive debt opportunities in the seniors housing sector over the next 12 to 24 months.
