New Joint Venture To Ramp Up Investment In Growing Real Estate Segment
An Orlando real estate services and investment firm has entered a new partnership to ramp up its presence in senior residential properties that specialize in health care.
Foundry Commercial and Springfield, Missouri-based Foster Senior Living LLC created a joint venture called FSL Senior Living Ventures LLC. The partnership came out of 15 years of working with Foster Senior Living and a desire to step into a growing segment of real estate, Kevin Maddron, health care principal for Foundry Commercial, told Orlando Business Journal.
Foster Senior Living will manage the day-to-day operations of the joint venture’s communities out of its offices and Foundry will provide capital and transaction knowledge from Orlando. Community types the venture will target include assisted living, memory care and skilled nursing.