Joint Venture Adds to Its Seniors Housing Footprint
Foundry Commercial and funds managed by affiliates of Fortress Investment Group acquired the RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The two communities, RoseWood Village at Greenbrier and RoseWood Village at Hollymead, will be operated by Foundry Commercial’s management company, Allegro Living, under its Spring Arbor brand. With these additions, Allegro Living’s footprint now comprises 54 seniors housing communities across 14 states, with 10 of those owned/managed assets being Spring Arbor communities. The Greenbrier community was built in 2001 and expanded in 2018, while the Hollymead community was constructed in 2008. Together they... Read More »
