Oakwood Real Estate Partners is proud to announce the successful sale of the Spring Arbor Seniors Housing Portfolio. This transaction stands as a premier example of Oakwood’s Co-GP investment strategy in action – leveraging a deeply aligned partnership with Foundry Commercial to drive value. In this portfolio investment, Oakwood provided meaningful GP equity and participated directly in GP economics.

Our relationship with Foundry is strategic and rooted in long-term conviction:

🔐 Unique Access: Oakwood has been an investor in Foundry’s business since 2017 and a minority owner since 2020. This relationship positions Oakwood to invest alongside Foundry in high-conviction senior housing and industrial opportunities.
🤝 Institutional Alignment: We serve on Foundry’s Board of Directors and Investment Committee, providing a majority of the GP capital required by institutional LPs.

Originally acquired in May 2022, the Spring Arbor branded portfolio ultimately encompassed 25 senior housing communities totaling more than 1,400 units, located across high-quality, demographically strong markets in Maryland, Virginia, and North Carolina. The investment thesis centered on operational improvement, targeted capital deployment, and disciplined execution alongside best-in-class partners.

Over the life of the investment, the portfolio achieved meaningful transformation:

⬆️ Occupancy increased from ~79% to over 90%
📊 NOI margins more than doubled
🏘️ Multiple interim asset sales were executed (14 assets sold)
🚀 Remaining 11 communities (749 units) sold Feb 2026 | $296M ($395k/unit) | Management retained

These results reflect Oakwood’s conviction in the senior housing sector, the strength of the Allegro Living, LLC operating platform, and the collaborative execution alongside our partners at Foundry Commercial and a leading institutional LP partner.

Oakwood Real Estate Partners manages a series of diversified (geography and asset-type) funds and asset-specific co-investments seeking opportunistic returns. Since 2005, we have invested in over 160 properties totaling over $7 billion in capitalization. We make LP and Co-GP investments in multifamily, industrial, retail, senior housing, mixed-use, land, and office properties.

If you would like more information on Oakwood Real Estate Partners, please contact info@oakwoodre.com or 303.595.7668.