NEW YORK and CHICAGO, Jan. 17, 2023 /PRNewswire/ — Rockwood Capital (“Rockwood“) and Doyenne Healthcare Capital (“DHC”), a women and minority owned real estate investment firm, have formed a joint venture to invest up to $100 million of equity in seniors housing communities across the country. Financial terms of the venture were not disclosed.
With almost 50 years of combined experience in seniors housing and healthcare real estate investing, DHC founders, Manisha Bathija and Kristen Ahrens share a common goal of providing aging Americans with safe, supportive, and life-enhancing housing solutions. Their focus is on investing in healthcare real estate and seniors housing communities throughout the United States.
David Becker, Co-Managing Partner of Rockwood, said, “We view seniors housing as a complementary strategy for our existing ‘live-space’ investment program. We believe that significant demographic tailwinds continue to support the sector. We also believe that the operational disruption caused by the pandemic coupled with the current capital markets dislocation creates a favorable investment environment for seniors housing. Manisha and Kristen are accomplished industry professionals with extensive experience acquiring, financing, and asset managing seniors housing communities and share our commitment to responsible investing.”