News
Orlando, Fla. (Mar. 4, 2025) – Spring Arbor Management and Allegro Management Company have merged to form a larger, more impactful senior living management and development company. This merger creates an even stronger, more dynamic platform to serve seniors and their families across 13 states. The communities will continue to operate under their recognized legacy brands under a commonly owned holding company called Allegro Living.
Facilitated by Foundry Commercial, the merger brings together approximately 4,000 talented associates serving 53 senior living communities across the Northeast, Mid-Atlantic, Southeast and Midwest. Spring Arbor adds its 35 communities and 2,200+ units to Allegro’s 18 communities and 2,300+ units, ensuring complementary geographic coverage.
“This merger is not about restructuring but about growth, expansion, and building a stronger future for senior living,” said Kevin Maddron, Foundry’s President of Healthcare Services. “Both Spring Arbor and Allegro share a deeply aligned approach to care, with synergistic cultures and a steadfast commitment to creating vibrant communities for seniors. Together, we are poised to deliver even greater impact.”
Under common leadership from both organizations, Allegro Living will ensure continuity and stability in the future. This allows for the continued exceptional resident-focused care and operational excellence each organization delivers today.
“By uniting our companies, we are better positioned to expand into new markets, reach more seniors, and provide even greater care and services to the families who rely on us,” said Douglas Schiffer, President and Chief Executive Officer for the newly merged organization Allegro Living. “Spring Arbor and Allegro each bring to this merger a rich history and passion for providing exceptional care and improving the lives of seniors. Combined, we are committed to creating environments where residents can thrive, and by uniting our efforts, we will be able to extend our reach to serve even more seniors and families across the country.”
The merger creates a complementary footprint that broadens the reach of Allegro Living while enabling increased access to capital and new development opportunities. This ensures the ability to invest in the future while maintaining a steadfast resident-first philosophy.
Lisa Widmier with Vant.Age Pointe Capital Management and Advisory, Inc. assisted both parties with the merger.
About Foundry Commercial
Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Foundry is sustained by 4,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and over 4,590 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and is currently invested in over $4.8 billion in joint ventures with many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com.
About Allegro Senior Living
Allegro Senior Living specializes in developing and managing luxury retirement communities, bringing over 45 years of experience to provide a vibrant lifestyle for seniors who want and deserve more. The company creates and sustains distinctive Allegro and Alto Senior Living communities, each uniquely reflecting the surrounding neighborhood and the discerning seniors who make Allegro and Alto their home. Allegro Senior Living is backed by the substantial experience of its parent company, St. Louis, Missouri-based Love Companies. Since 1875, the Love Companies have provided dependable and stable service in the finance, commercial real estate, and banking industries. For more information, visit www.allegroliving.com.
About Spring Arbor Senior Living
Spring Arbor Senior Living, a Foundry Commercial company, operates 35 senior living communities across the Mid-Atlantic, Southeast, and Midwest with a focus on serving residents and their loved ones. Spring Arbor assisted living and memory care residents enjoy a lifestyle focused on wellness with on-site therapy and a full schedule of activities, enabling residents to live life to the fullest. For more information, visit www.springarborliving.com.
Vant.Age Pointe Capital Management & Advisory, Inc.
Under the leadership of Lisa Widmier, Founding and Managing Principal, Vant.Age Pointe is a leading firm specializing in programmatic and individual capital sourcing, investment property brokerage, and consulting services within the senior housing sector; including active adult, independent living, assisted living, memory care, and CCRC properties. The firm is dedicated to delivering exceptional value through innovative, bespoke solutions that align with clients’ strategic objectives and consistently produce transformative results.