News
A $3.6B portfolio, national accolades, and sector-spanning growth marked a defining year for the platform.
Foundry Commercial’s Development & Investments (D&I) platform closed 2025 with momentum that spanned multiple asset types, geographic clusters, and investment strategies. That growth – reflected in a $3.6 billion portfolio – earned Foundry recognition as one of Commercial Property Executive’s top ten developers of 2025. This past year specifically was marked by forward-thinking adaptive reuse initiatives, significant infill industrial development, and the strategic expansion of Foundry’s senior housing platform – all reinforcing a diversified approach aligned with long-term demographic and economic demand.
A defining theme of 2025 was the team’s ability to reimagine underutilized real estate. In Irving, Texas, for example, Foundry advanced a Class-A industrial development on the site of a former office building, highlighting a thoughtful approach to repositioning rather than a retreat from office as an asset class. Horizon Landing, as this project became known, presented a strong industrial-use case, with its proximity to DFW airport, paving the way for more conversion projects. That momentum is evident in Foundry’s 13 office-to-industrial conversion projects completed or underway this year, repurposing approximately 2.6 million square feet of outdated office space into nearly 4 million square feet of industrial use. The D&I platform continues to evaluate office opportunities and expects to broaden investments in the sector in 2026 as markets stabilize and evolve.
Logistics-driven real estate also continued to be a strong performer for the platform. The D&I team delivered meaningful progress on several industrial projects, including a new 182,000-square-foot Class-A development in Pompano Beach. The project expands Foundry’s nearly 10-million-square-foot development footprint in South Florida and underscores the importance of well-located, modern warehouse space in a region with limited supply and strong demand. Additional industrial activity across Texas, the Carolinas, and Florida further demonstrated the team’s depth in executing infill developments with community impact and long-term tenant appeal. Foundry closes out 2025 with 13 new industrial developments this year alone, cementing the company’s status as one of the most active industrial developers in the Southeast.
One of the year’s most compelling chapters was Foundry’s growth within the senior living sector. The acquisition of the Rosewood Village Assisted Living and Memory Care communities in Charlottesville, Virginia, broadened the firm’s ownership and operating presence in healthcare real estate. Additionally, the merger of Spring Arbor Management and Allegro Management to form Allegro Living created a premier senior living platform backed by meaningful scale and operational expertise. These moves underscore Foundry’s conviction around the stability, demographic tailwinds, and mission-driven nature of senior housing – an asset class that has become central to the platform’s long-range strategy. Foundry’s healthcare business line represents a sizable national platform, encompassing 26 Foundry-owned senior housing communities and 71 Foundry-managed communities across 17 states.
Beyond the national recognition by Commercial Property Executive, Foundry’s D&I accomplishments were also recognized at a regional level. In South Florida, Foundry was named Developer of the Year by NAIOP and received a CoStar Impact Award for Development of the Year, honors that reflect disciplined execution and the team-driven culture behind each project. The firm also earned the Fred Schroeder Award for its work at World Commerce Center and an ABC Eagle Award for excellence at Butler 95 Logistics Center – both in Jacksonville – further highlighting operational strength across markets and product types.
“Our team continues to identify opportunities that align with long-term market needs, whether that’s adaptive reuse, logistics, or seniors housing. We’re fortunate to work alongside professionals across the country who bring creativity, discipline, and a deep understanding of their markets to every project,” shared Pryse Elam, President of Development & Investments. “As we continue to grow – particularly in seniors housing and select high-conviction markets – our approach remains the same: stay nimble, stay informed, and pursue projects that contribute meaningfully to the communities we serve.”
Ultimately, 2025 was a year defined not by a singular asset class, but by a balanced, intentional, and multi-dimensional strategy. As the team enters 2026, that diversified momentum positions Foundry to expand across industrial, seniors housing, and a resurgent office sector with discipline and confidence.
Foundry’s story this year is one of breadth, collaboration, and strategic evolution – a trajectory that continues to accelerate.