A joint venture between New York-based Rockwood Capital and Chicago-based Doyenne Healthcare Capital will invest $100 million in equity into senior housing communities across the country, the companies announced Tuesday.
Rockwood has invested broadly in real estate ventures of many types since 1995. Newcomer Doyenne was founded in August as a women and minority-owned real estate investment firm that focuses on investments in senior housing and healthcare real estate throughout the United States.
David Becker, co-managing partner of Rockwood, told the McKnight’s Business Daily that the company views senior housing as a complementary strategy for what it calls a “live-space” investment program, which is predominantly multifamily housing.
