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Keizer, Ore. (January 17, 2024) – Foundry Commercial (“Foundry”), a full-service real estate services and investment firm, is pleased to announce the acquisition of The Village at Keizer Ridge, a premier assisted living and memory care community serving the Oregon capital of Salem and the surrounding areas. With this acquisition, Foundry now owns 30 senior living communities totaling over 1,900 units and operates 57 senior living communities totaling over 3,800 units across the U.S.
The Village at Keizer Ridge, which opened in 2016, offers 126 units of assisted living and memory care, providing a nurturing environment for seniors to thrive. Under the ownership of Foundry, The Village at Keizer Ridge will be operated by Cascadia Senior Living, Foundry’s regional operating partner in the Pacific Northwest.
“Foundry is pleased to welcome The Village at Keizer Ridge into our senior living portfolio, expanding our presence in the Pacific Northwest alongside our operating partner Cascadia Senior Living, who now manages 17 assets in the region,” said Kevin Maddron, President of Foundry’s Healthcare platform. “Known for their commitment to delivering exceptional care and service to residents, The Village at Keizer Ridge aligns perfectly with our mission to provide the highest quality of life for seniors. We look forward to continuing the tradition of excellence that The Village at Keizer Ridge is known for and furthering our mission of creating vibrant and caring communities for seniors.”
The transaction was led by Foundry’s Development & Investments Principal, Ryan Weekes, as well as Vice President of Operations for Seniors Housing, Zach Strunk, and Development & Investments Associate, Katie Rosica. To learn more about Foundry’s senior living services and portfolio, visit foundrycommercial.com/healthcare