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Warrenton, Va. (August 8, 2023) –Foundry Commercial, a full-service real estate services and investment firm, is pleased to announce the acquisition of White Springs Senior Living, a premier senior living community near Washington, D.C. The acquisition of White Springs marks the 30th senior living community Foundry has added to its seniors housing real estate portfolio since its launch in 2020.
Located in Warrenton, VA, White Springs Senior Living offers a range of personalized care services, including assisted living and memory care. The community boasts 90 well-appointed units, providing a nurturing and compassionate environment for seniors to thrive.
Under the ownership of Foundry Commercial, White Springs Senior Living will be managed by Spring Arbor Senior Living, Foundry’s in-house seniors housing operating company. Spring Arbor is widely recognized for its exceptional care and employs over 1,500 caring professionals across Maryland, North Carolina, and Virginia. This latest acquisition further reinforces Foundry’s commitment to investing strategically in the highest quality senior living communities that prioritize the care and well-being of residents.
Kevin Maddron, President of Foundry’s Healthcare platform, expressed enthusiasm about the addition of White Springs to their portfolio. “As Foundry Commercial continues to expand its senior living footprint, it remains committed to delivering exceptional care and service to residents, their families, and our own team members. The addition of White Springs Senior Living in Virginia underscores our dedication to improving the lives of seniors and their families through compassionate, person-centered care.”
“This community aligns perfectly with the ethos put forth by Spring Arbor Senior Living – leading with heart, because it’s personal. We are excited to welcome the residents and associates of White Springs to the Spring Arbor family,” he added.
White Springs Senior Living, which opened its doors in 2020, is the newest community in the Spring Arbor Senior Living portfolio. With a reputation for excellence in providing compassionate and comprehensive care, Spring Arbor continues to set the standard for assisted living and memory care communities throughout the mid-Atlantic.
The acquisition was led by Foundry’s Development & Investments Principal, Ryan Weekes, as well as Vice President of Operations for Seniors Housing, Zach Strunk, with support from corporate and regional Spring Arbor associates. Transaction financing for the acquisition was arranged by Capital Funding Group (CFG).
To learn more about Foundry Commercial’s senior living services and portfolio, visit foundrycommercial.com/healthcare. More information about Spring Arbor Senior Living can be found at springarborliving.com.