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CSH Founder Stewart: We Are Targeting Assisted Living, Active Adult in ‘Barbell’ Growth Strategy

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Investors are again showing interest in senior living after a cooldown during the pandemic  — and Capitol Seniors Housing Managing Partner and Founder Scott Stewart sees plenty more dollars left to be deployed into the industry.

As he looks across the sector, he sees “billions and billions of dollars” of equity on the sidelines waiting to be deployed into the sector in the months and years to come.

“If you’re an institutional investor, this is the sector to come in to produce yield,” Stewart said during a recent appearance on SHN+ TALKS. “These funds are controlled by very smart people who understand what’s going on out there.”

Washington, D.C.-based Capitol Seniors Housing (CSH) has since its founding in 2003 acquired or developed more than 120 senior housing communities and deployed over $2.5 billion, with help from its capital partners Carlyle Group and Bain Capital Real Estate.

Although the company’s bread-and-butter is assisted living and memory care — and to that end, the company aims to be on “every street corner in Northern New Jersey” — CSH also is focusing on active adult, which it calls “active living.” And looking ahead, Stewart sees that sector as among the “most compelling stories” in real estate.

“We’re going into the Carolinas, into Atlanta, to Florida, to Texas, mostly staying on this side of the Mississippi for now,” he said, of the company’s growth plans for the active adult sector.

We are pleased to share the recording and this transcript of the SHN+ TALKS conversation with SHN+ members. Read on to learn about:

  • Why Stewart believes active adult senior housing is among the most compelling real estate segments

  • How CSH is in its “post-pandemic era” and what the company is planning to do next in 2022

  • CSH’s “barbell” growth strategy for 2022 and beyond

 

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The post CSH Founder Stewart: We Are Targeting Assisted Living, Active Adult in ‘Barbell’ Growth Strategy appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

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