Cedar Communities Managing Director Anthony Manetta has been once again named to the Long Island Press Power List for 2022. He joins a list of impressive honorees. Congratulations on this well deserved honor. https://www.schnepsmedia.com/events/long-island-press-powerlist/

We had the pleasure of sitting down with “Serial Entrepreneur” Rich Foster, Co-Founder of Cedar Communities. Rich takes us along on his professional journey from always wanting to start his own business, to successfully self-managing 7 boutique senior living facilities throughout the Southeast. Read the interview below for a peek into the real estate world around senior living facilities, where Rich has found success, and what could be next in [...]

2021 Year in Review: Richard Foster, Cedar Communities December 28, 2021 - Spotlights Richard Foster Chief Executive Officer Cedar Communities What are your predictions for your industry in 2022? I believe senior housing as an asset class will continue to see increased occupancy numbers. Additionally, I believe interest rates will start to rise in 2022, which will reduce some of the cap rate compression that has existed in the industry, creating [...]

Name: Richard Foster Title: CEO Company Name: Cedar Communities What recent project, transaction or accomplishment are you most proud of? We recently completed a refinance of an asset that was appraised for roughly two times what we purchased it for just two years ago. Despite COVID, our leadership team has been steadfast at growing occupancy in this community which contributed to its successful and substantial market cap increase and refinance. [...]

Cedar Communities Acquires Mulberry Grove Senior Living in Statham, Georgia. Mulberry Grove makes Cedar's 8th Long Term Care Facility acquisition and 7th asset their current portfolio. Boutique long term care facility owner-operator Cedar Communities is proud to announce the acquisition of Mulberry Grove Senior Living. This 42-unit facility brings Cedar's total unit count to 250.  Cedar has carved out a niche within the senior living space building a portfolio of [...]

Cedar Communities Announces Portfolio-wide Facility Vaccination Program All Six Cedar Facilities Receive Vaccination to Prevent COVID-19 (Jericho – New York) Cedar Communities is proud to announce that the following long term care facilities have received the COVID-19 vaccine: Bountiful Hills Senior Living in Commerce Georgia, Birch Gardens Assisted Living in Staunton, Virginia, Tranquility of Cartersville in Cartersville Georgia, Birch Ridge Assisted Living in Staunton Virginia, Brookside Commerce in Commerce Georgia [...]

Richard Foster, Cedar Communities Name: Richard Foster Title: Chief Executive Officer Company Name: Cedar Communities What was the most challenging part of working during the pandemic? Our greatest challenge was completely changing the way we market our facilities without the ability to do in-person tours or market locally with boots on the ground. We tackled this challenge head-on; ramping up digital marketing efforts from the outset of the pandemic and [...]

Cedar Communities Announces Cartersville, Georgia Acquisition Cedar Communities is proud to announce their latest acquisition, "Tranquility of Cartersville". The facility, located in Cartersville, Georgia, is exceptionally renovated with a glowing local community reputation. The building has 25 units with 32 beds consisting of both personal care and memory care. Rich Foster, Cedar Communities CEO says, "This acquisition fits into our strategy of acquiring boutique sized facilities across the Southern part [...]

Cedar Communities is proud to announce that Managing Director and Co-Founder Anthony Manetta has been named to the Long Island Press Power List for 2019. The Power List highlights the 100 most influential leaders in the Long Island Region.

2019 Year in Review: Richard Foster, Cedar Communities Name: Richard Foster Company: Cedar Communities What was your greatest professional accomplishment in 2019? Cedar positioned itself as the leader in boutique senior housing acquisitions by growing 6X year over year, largely due to the ability to successfully close five assisted living acquisitions in 84 days. With a 100% closing rate and over 200 employees our growth as a firm [...]

By Tim Mullaney | November 19, 2019 Cedar Communities, a recently formed senior living private equity firm and operating company, has been busy. Since July, Cedar has acquired five communities, providing momentum for further growth in 2020. Cedar was founded a little over two years ago and is building a portfolio of “boutique-sized” facilities in the U.S. Southeast, co-founder and Managing Director Richard Foster told Senior Housing News. Last week, the firm announced its [...]

Cedar Communities Acquires 82 Assisted Living Units in Georgia Cedar Communities is proud to announce the acquisition of 82 assisted living units and 12 independent living units in Commerce, Georgia and Stone Mountain, Georgia. The two facilities: Brookside Commerce and Brookside Stone Mountain become the fifth and sixth properties within Cedar's growing Assisted Living Portfolio. Cedar has 220 units / 265  beds under ownership which includes: 31 units in [...]

Cedar Communities is proud to announce the acquisition of 55 assisted living units in Staunton, Virginia. Cedar has assumed ownership of both facilities today. Travel + Leisure Magazine has called Staunton, "One of America's Best Mountain Towns" and the Philadelphia Inquirer has said  Staunton "Has reinvented itself as an Arts & Culture Destination".  The two facilities; Birch Gardens and Birch Ridge become the third and fourth properties within [...]

Cedar Communities Announces Acquisition of 34 unit Assisted Living Facility in Commerce Georgia. Cedar is proud to announce the acquisition of the "Bountiful Hills" assisted living facility (ALF).  This is the second ALF property in the Cedar Communities portfolio. To learn more about the facility please visit their Facebook page at https://www.facebook.com/bountifulhills/

Investor Subscription Closed - 55 Assisted Living Units in Staunton, VA Capital Raise for 55 unit assisted living investment opportunity in Staunton, Virginia has been successfully closed. Cedar Communities is proud to announce that the investor subscription for our 55 unit assisted living offering in Staunton Virginia has been successfully closed. Thank you to the investors who have joined us. For more information on future assisted living [...]

MMCC Arranges $4 Million Non-Recourse Cash Out Refinance Loan MIAMI, October 18, 2018 – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $4 million non- recourse loan with to refinance a 31 unit (44 bed) assisted living facility located in South Carolina. “Cedar Communities acquired the property last year for $1.9 million and added [...]