Latest News2020-06-04T21:04:49+00:00

Rich Foster, Cedar Managing Director, Featured in New York Real Estate Journal

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 |January 17th, 2020|Categories: Uncategorized|

New Owner/Operator Cedar Communities Ramps Up Dealmaking, Aims to Double Size in 2020

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 [...]

By |December 13th, 2019|Categories: Uncategorized|

Cedar Communities Acquires 82 Assisted Living Units in Georgia

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 [...]

By |November 8th, 2019|Categories: Uncategorized|

Cedar Communities Acquires 55 ALF Units in Staunton Virginia

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 [...]

By |August 26th, 2019|Categories: Uncategorized|

Cedar Communities Announces Acquisition of 34 unit Assisted Living Facility in Commerce Georgia

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/

By |July 17th, 2019|Categories: Uncategorized|

Investor Subscription Closed – 55 Assisted Living Units in Staunton, VA

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 [...]

By |February 26th, 2019|Categories: Uncategorized|

MMCC Arranges $4 Million Non-Recourse Cash Out Refinance Loan

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 [...]

By |October 30th, 2018|Categories: Uncategorized|

Cedar Communities Provides Investment Diversification

Creating Long Term Investor Value while Providing Exceptional Assisted Living Experiences

Investment Opportunities