ORLANDO, Fla. — Foundry Commercial has acquired five communities located in Georgia and Florida.
Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Georgia — purchased in October 2025 — and three communities in Florida, which were acquired in February 2026. The Florida properties are located in Jacksonville, Titusville and Plant City.
Each of the communities will be operated by Allegro Living Management under the Alto brand.
Of the units, 220 are assisted living residences, and 100 are memory care units.
“These newer vintage assets, with an average age under five years, add depth to our existing operating footprint in the Southeast,” says Kevin Maddron, president of healthcare services at Orlando-based Foundry.
“We continue to see strong demand for well-located, purpose-built senior living communities that are in the ‘missing middle’ investment size range that our strategy targets throughout the Southeast,” says Austin Maddux, partner at Foundry and executive managing director of Foundry Investment Management. “This portfolio enhances our presence in key demographic growth markets and supports our objective to build a resilient seniors housing platform through strategic acquisitions below the cost to build them new today.”