News
Over the past several years, Foundry Commercial has sharpened its focus on one of the most dynamic sectors in commercial real estate: senior living. What started as a meaningful foothold has quickly evolved into a national platform that is driving growth and innovation across multiple states.
The merger of Spring Arbor Management and Allegro Management last year was a defining moment, creating Allegro Living, a premier senior living management company with reach across 14 states. Since then, momentum has only accelerated. Most recently, Allegro Living announced the addition of RoseWood Village Assisted Living and Memory Care communities in Charlottesville, Virginia. The expansion brings Allegro Living’s footprint to 54 communities, encompassing more than 5,800 units nationwide.
“Foundry Commercial continues to invest in high-quality, well-positioned assets in the markets we know best,” said Kevin Maddron, Foundry’s President of Healthcare Services. “With each acquisition and partnership, we’re not just adding properties—we’re building a best-in-class platform that makes a lasting difference for residents and their families.”
Beyond management and operations, Foundry’s Development & Investments (D&I) platform has increased exposure to the senior living asset class, underscoring its long-term belief in the sector’s growth and stability. This combination – investing in communities while also managing and operating them – positions Foundry as a front-runner in shaping the future of senior housing.
With partnerships extending from Virginia to the Pacific Northwest, and with a growing pipeline of owned and managed communities, Foundry Commercial has established itself as a force in senior living. For associates across the company, it’s another example of how Foundry identifies opportunity, builds scale, and sets the standard in sectors poised for long-term demand.