Silverstone Senior Living

What Silverstone Senior Living does

Silverstone Senior Living is a Dallas-based private real estate developer founded in 2012 by Denny Alberts and John Goff that develops and owns luxury boutique-style senior living communities in supply-constrained urban and suburban markets across Texas, Florida, Virginia, Maryland, and the District of Columbia. The company's portfolio encompasses approximately 13 properties totaling roughly 1,850 units at various stages of operation, development, and pre-development, with a stated development pipeline valued in excess of $1 billion. Silverstone offers Independent Living, Assisted Living, and Memory Care services (including specialty programs like The Sound for mild cognitive impairment) within mid-rise communities featuring chef-driven restaurants, concierge services, wellness centers, rooftop terraces, and LEED-certified design. Notable product innovations include the Grind Dining culinary program (developed with chefs Sarah Gorham and Stone Morris for memory care residents) and the Élite Collection brand launched in partnership with Watermark Retirement Communities.

The company operates a capital-light developer-owner model: Silverstone focuses on real estate acquisition, design, development, and ownership oversight while delegating day-to-day community operations to gold-standard operating partners Watermark Retirement Communities (managing the D.C. metro portfolio) and Harbor Retirement Associates (managing HarborChase-branded communities in Texas, Florida, and Virginia). Revenue is generated through a monthly rental subscription model with no large entry fee or long-term commitment, with rental rates ranging from approximately $5,545 to $12,000+ per month depending on unit type and care level. Primary customers are affluent seniors aged 70+ and their adult children, with secondary segments including couples with differing care needs and memory care residents. The company markets through direct community leasing, public-access amenities (such as first-floor bistros), earned media, and industry awards (Gold Nugget, MFE, Argentum, ASID). In 2026, Silverstone executed a $425 million divestiture to Chiron Real Estate covering three D.C. metro communities while retaining management responsibilities, and the company maintains a major equity partnership with Compatriot Capital (a Sammons Enterprises subsidiary) as its largest institutional JV partner.

Name

Silverstone Senior Living

Legal name

Silverstone Senior Living

Website

https://silverstoneseniorliving.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Silverstone Senior Living is a Dallas-based private developer that builds and owns luxury boutique senior living communities (Independent Living, Assisted Living, Memory Care) across Texas, Florida, Virginia, Maryland, and DC, operating a ~13-property / ~1,850-unit portfolio on a monthly rental model with operating partners Watermark and Harbor Retirement Associates.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Assisted Living Facilities for the Elderly (623312), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Continuing Care Retirement Communities (623311)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Luxury / High-End Assisted Living Communities (HLADABAD)

akta.pro secondary industries

Luxury/Resort-Style Independent Living Communities (HLADAAAC), Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place) (HLADABAC)

Keywords

• Luxury senior living
• Assisted living development
• Memory care communities
• Senior housing real estate
• Independent living services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Monthly Rental Revenue: Seniors pay monthly rent for independent living, assisted living, and memory care units with no large entry fee required. Rental rates range from $5,545 to $12,000+ depending on unit type and care level. Monthly rental model with no long-term commitment.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Silverstone Senior Living develops, owns, and operates luxury boutique-style senior living communities that combine independent living, assisted living, and memory care services under one roof. The company focuses on supply-constrained, urban infill markets and delivers hospitality-driven residences with chef-driven dining, wellness programming, and LEED-certified design. Day-to-day community operations are handled by specialist operating partners (Watermark Retirement Communities and Harbor Retirement Associates), while Silverstone retains ownership and development oversight.

Product overview

Silverstone Senior Living is a developer and owner of luxury senior living communities offering Independent Living, Assisted Living, Memory Care, and specialized programs like The Bridge and The Sound. The company's portfolio includes operating communities (The Landing Alexandria, The Providence, The Seneca, HarborChase properties) and communities under development (The Pinnacle, The Trillium, The Canopy). Communities are operated by partners including Watermark Retirement Communities and Harbor Retirement Associates. The Élite Collection brand encompasses boutique-style properties featuring hospitality services, chef-driven dining, wellness programs including Watermark University and EngageVR, and innovative dining approaches like Grind Dining.

Differentiator

Problem solved

Functional benefit

Brands

• HarborChase: Primary brand name for Silverstone Senior Living communities offering senior living services.
• The Élite Collection

Products and services

• HarborChase of the Park Cities Silverstone's flagship eight-story, 134-unit luxury assisted living and memory care community in Dallas, Texas, featuring boutique-hotel design, 29 memory care apartments, 14 'Sound' apartments for mild cognitive impairment, and multiple dining venues.
• The Providence A $75 million, 154-unit assisted living and memory care community in Fairfax, Virginia. LEED Silver-certified eight-story building featuring chef-driven restaurants, wellness center, rooftop terrace, and Watermark's signature wellness programs.
• The Seneca A $76 million, 146-unit assisted living and memory care community in Rockville, Maryland, located next to King Farm, featuring nature-focused design with Serenity Garden and meditative Labyrinth Walk, wellness-focused lifestyle, and high-end dining.
• The Landing Alexandria A $100 million, 163-unit luxury senior living community in Alexandria, Virginia offering independent living, assisted living, and memory care. Features include a rooftop terrace, chef-driven restaurants, wellness center, CVS pharmacy on ground floor, and a public-access first-floor bistro.
• The Trillium A 198-unit senior living community in Tysons, Virginia featuring independent living, assisted living, and memory care as part of The Boro Tysons mixed-use development.
• HarborChase of Palm Beach Gardens Silverstone-branded HarborChase senior living community in Palm Beach Gardens, Florida, operated by Harbor Retirement Associates.
• The Pinnacle North Bethesda A luxury senior living community in North Bethesda, Maryland with approximately 200 units offering independent living, assisted living, and memory care.
• The Élite Collection A boutique-style senior living collection operated by Watermark Retirement Communities featuring The Providence, The Seneca, and The Landing, offering hospitality-rooted communities with integrated wellness, concierge services, chef-driven restaurants, and Watermark University programs.

Quantifiable outcome

• Double-digit unlevered internal rate of return on combined investments
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered major, core and minor.

• Chiron Real Estate Inc.majorStrategic or Co-development Partner · 6 May 2026Chiron acquiring three Silverstone communities (The Landing Alexandria, The Riviera at Alexandria, The Pinnacle North Bethesda) for $425 million. Silverstone continues active oversight role with Greystone continuing as third-party manager.
• Watermark Retirement CommunitiescoreImplementation/ SI/ Consulting Partner · 25 January 2021Tucson-based operator manages Silverstone's D.C. metro portfolio (The Providence, The Seneca, The Landing) offering 465+ units across three properties. Manages day-to-day operations with focus on wellness, innovation, and care excellence. Partnership branded as 'Élite Collection'.
• Canyon RanchminorStrategic or Co-development Partner · 20 September 2019Wellness brand partnership connection through John Goff's role as chairman of Crescent Real Estate Equities. Canyon Ranch concept and wellness programming integrated into Silverstone community design and operations.
• Harbor Retirement Associates (HRA)coreImplementation/ SI/ Consulting Partner · 3 April 2018Florida-based operator manages HarborChase branded communities in Texas, Florida, and Virginia. HRA and Tim Smick serve as gold-standard operator with 40+ years of senior housing expertise. Manages HarborChase of Park Cities, Plano, Southlake, Palm Beach Gardens, Wellington Crossing, and Prince William Commons.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Life Care Services (LCS): LCS is a large national senior living operator and developer with continuing care retirement communities (CCRCs), assisted living, and memory care. Its developer/operator model and institutional ownership of luxury urban properties parallel Silverstone's structure.
• Brookdale Senior Living: Brookdale is the largest U.S. senior living operator with hundreds of communities across independent living, assisted living, and memory care. While broader and less luxury-focused than Silverstone, it is a key benchmark for industry scale and occupancy dynamics.
• Sunrise Senior Living: Sunrise is a major U.S. and international operator of assisted living and memory care communities. Silverstone's COO Tami Cumings previously held an executive role at Sunrise, and Sunrise's upscale communities compete with Silverstone's boutique properties.
• Atria Senior Living: Atria is one of the largest operators of senior living communities in the U.S. with a broad portfolio spanning independent living, assisted living, and memory care. It serves a wider demographic including luxury urban properties directly comparable to Silverstone's offerings.

Direct peers

• Harbor Retirement Associates: Harbor Retirement Associates operates the HarborChase branded senior living communities developed by Silverstone in Texas, Florida, and Virginia. As Silverstone's second core operating partner, HRA is a direct peer in executing the luxury senior living model with 40+ years of senior housing expertise.
• Caddis Partners: Caddis is a healthcare real estate developer focused on luxury medical and senior living properties. Silverstone's COO Tami Cumings was previously VP at Caddis, and both firms pursue similar boutique, high-end senior living development in supply-constrained markets.
• Greystone Communities: Greystone is a third-party management firm for senior living communities that took over management of three Silverstone communities sold to Chiron Real Estate. Greystone provides comparable third-party operating services to luxury senior living owners similar to Watermark and HRA.
• The Arbor Company: Arbor Company operates senior living communities across the U.S. with a focus on assisted living, memory care, and independent living in upscale settings. Silverstone COO Tami Cumings previously held an executive role at Arbor, and the two pursue overlapping luxury-segment strategies.
• Belmont Village Senior Living: Belmont Village operates upscale, hospitality-driven assisted living and memory care communities in premium U.S. urban and suburban markets. Its design-led, amenity-rich operating model directly competes for the same affluent senior demographic Silverstone targets.
• Watermark Retirement Communities: Watermark operates Silverstone's entire D.C. metro portfolio (The Providence, The Seneca, The Landing) under the Élite Collection brand and is both a strategic partner and direct operator of comparable luxury assisted living and memory care communities across 60+ U.S. locations. It is the closest operational analog to Silverstone's product offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/silverstone-senior-living

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silverstone Senior Living