Capitol Seniors Housing

What Capitol Seniors Housing does

Capitol Seniors Housing (CSH) is a Washington, D.C.-based private equity-backed real estate acquisition, development, and investment management firm founded in fall 2003. The firm focuses exclusively on senior housing, acquiring, developing, and owning independent living, assisted living, memory care, continuum-of-care retirement communities (CCRCs), and 55+ active adult communities across major U.S. markets in nine states (California, Florida, Illinois, Maryland, Massachusetts, New Jersey, Texas, Virginia, and Washington). CSH has acquired or developed more than 90 senior housing communities and deployed over $2.2 billion of investment capital, structured primarily through joint ventures and co-investments with capital partners including The Carlyle Group, Bain Capital Real Estate, and a large unnamed university endowment. The firm's product surface spans the Arbor Terrace, The Chelsea, and Atria sub-brands operated by third-party operators (The Arbor Company, Chelsea Senior Living, Atria Senior Living) as well as direct properties such as Stone Hill at Andover, Siena, NorthStar Georgetown, Atria Highland Park, and The Residences at Plainview (the latter created via adaptive reuse of a former Marriott Residence Inn).

CSH operates a capital-light, asset-light model: the firm does not operate communities directly. Instead, CSH partners with a curated bench of third-party senior living operators (Chelsea Senior Living, The Arbor Company, Atria Senior Living, Northbridge Companies, MBK Senior Living, Sunshine Retirement Living) who manage the properties under fee or joint venture arrangements, while CSH handles capital sourcing, acquisition, ground-up development, adaptive reuse, asset management, and refinancing. Revenue is generated through asset and property management fees on the owned portfolio, development and construction fees for ground-up and conversion projects, and promote/incentive economics from JV exits and refinancings (the firm sold a seven-property AL/MC portfolio to Bain Capital Real Estate in October 2021 and closed a $48M refinancing on two Tri-State communities in January 2026). Pricing for individual communities varies by location, care level, and unit type and is set at the operating partner level rather than disclosed centrally.

The firm's customer base is two-sided: on the capital side, institutional LP/JV partners (The Carlyle Group, Bain Capital Real Estate, university endowment) seeking senior housing exposure; on the resident side, adults aged 55+ served through the operator partnerships. The team of 11-50 principals is concentrated in Washington, D.C. and includes heavy representation from former Sunrise Senior Living executives (founder/managing partner S. Scott Stewart, CIO Michael Hartman, and others). Marketing is concentrated in industry conferences (e.g., Bisnow), PR/press releases, and philanthropic positioning through the Seniors2 scholarship program, with no consumer-facing app or digital channel footprint.

Name

Capitol Seniors Housing

Legal name

Capitol Seniors Housing

Website

https://capitolseniorshousing.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Capitol Seniors Housing is a Washington, D.C.-based, private equity-backed real estate investment and development firm founded in 2003 that acquires, develops, and owns independent living, assisted living, memory care, and active adult senior housing communities across nine U.S. states, partnering with The Carlyle Group, Bain Capital Real Estate, and a university endowment to deploy capital alongside third-party senior living operators.

Ownership category

akta.pro rank

Product category

Senior Living Real Estate Investment

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)

SIC

Non-Operating Establishments (9995), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)

akta.pro secondary industries

Senior Living & Assisted Living Facility Construction (IMAFACAJ), Luxury/Resort-Style Independent Living Communities (HLADAAAC), Active Adult (55+) Independent Living Communities (HLADAAAD)

Keywords

• Senior housing investment
• Real estate development
• Senior living communities
• Real estate private equity
• Asset management

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Senior Living Real Estate Investment: Capitol Seniors Housing acquires, develops, and manages senior housing communities including independent living, assisted living, memory care, and active adult communities. The firm generates returns through property appreciation, rental income, and eventual sale of communities.
2. Property Development and Refinancing: The firm develops new senior living communities and arranges financing for acquisitions and refinancings, earning development fees and investment returns.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Capitol Seniors Housing is a senior living real estate acquisition, development, and investment management firm. It identifies, acquires, develops, and owns senior housing communities including independent living, assisted living, memory care, and active adult living assets in major U.S. markets. The firm partners with institutional capital providers and engages third-party operators to manage the communities on a fee or joint venture basis.

Product overview

Capitol Seniors Housing is a private equity-backed senior living investment and development firm that acquires, develops, and owns senior housing communities across major U.S. markets. The company operates a multi-brand portfolio consisting of independent living, assisted living, memory care, and active adult living communities. Their branded property network includes Arbor Terrace communities (operated by The Arbor Company), The Chelsea communities (operated by Chelsea Senior Living), and Atria communities (operated by Atria Senior Living), as well as unbranded properties like Stone Hill at Andover, Siena active living community, NorthStar Georgetown, and The Residences at Plainview. The company utilizes third-party operators to manage facilities and partners with major private equity firms including The Carlyle Group and Bain Capital. Capitol Seniors Housing has deployed over $2.2 billion in investment capital across more than 90 senior housing communities.

Differentiator

Problem solved

Functional benefit

Brands

• Seniors2: A national high school scholarship program founded in 2013 by Managing Partner Scott Stewart. The program awards scholarships to college-bound high school seniors who have demonstrated active involvement in local senior housing communities.

Products and services

• Independent Living Communities

Quantifiable outcome

• Successfully acquired or developed more than 90 senior housing communities
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered primary, core, secondary and minor.

• Chelsea Senior LivingprimaryChannel Partner/ Reseller/ DistributorOperating partner managing communities including The Chelsea at Greenburgh, The Chelsea at Shrewsbury, and The Chelsea at Washington Township. Operates properties on fee or JV basis.
• The Arbor CompanyprimaryChannel Partner/ Reseller/ DistributorOperating partner managing multiple communities including Arbor Terrace Fulton, Arbor Terrace Waugh Chapel, Arbor Terrace Exton, Arbor Terrace Mount Laurel, Arbor Terrace Morris Plains, Arbor Terrace Mountainside, Arbor Terrace Marlton, Arbor Terrace Naperville, and Siena. Operates 40+ communities across multiple states.
• Atria Senior LivingprimaryChannel Partner/ Reseller/ DistributorOperating partner managing Atria Highland Park and Atria New City communities. Atria is a top-tier national senior living operator with 200+ communities including communities in Chicagoland and New York.
• The Northbridge CompaniesprimaryChannel Partner/ Reseller/ DistributorOperating partner managing Stone Hill at Andover and other communities. Burlington, Massachusetts-based operator focused on intergenerational programs and activities.
• Sunshine Retirement LivingcoreChannel Partner/ Reseller/ DistributorJoint venture partner for acquisition of The Woods at Merrimack. Sunshine continues managing the community as part of its growth strategy in third-party management partnerships.
• MBK Senior LivingsecondaryChannel Partner/ Reseller/ DistributorOperating partner for Seattle-area communities including Northgate Plaza, Mountlake Terrace, The Creekside, and Island House. Based in Irvine, California.
• Cove Property ManagementsecondaryChannel Partner/ Reseller/ DistributorProperty manager for Siena active adult community in Cinnaminson, NJ. Based in Annapolis, Maryland with portfolio in Maryland, Washington D.C., Baltimore, and New Jersey areas.
• JLL Capital MarketsminorImplementation/ SI/ Consulting PartnerJLL arranged $48 million refinancing for two Tri-State seniors housing communities on behalf of borrowers Bain Capital Real Estate and Capitol Seniors Housing.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• Harrison Street Real Estate Capital: Private real estate investment manager with senior housing and alternative residential strategies. Comparable as a thematic institutional capital partner in the senior housing space, though with a broader alternative-asset mandate.
• The Shelter Group: Private senior living developer and operator with active adult, independent living, assisted living and memory care communities. Comparable as a development-focused platform serving similar resident demographics in overlapping geographies.

Direct peers

• Sabra Health Care REIT: Healthcare REIT investing in senior housing, skilled nursing, behavioral health and specialty hospitals. Comparable as a mid-size senior housing capital partner that partners with operators, similar in scale and strategy to CSH's JV model.
• National Health Investors: Healthcare REIT focused on senior housing and skilled nursing, with significant independent living, assisted living and memory care exposure. Comparable as a senior housing-focused capital provider using lease and RIDEA structures.
• Bridge Investment Group Senior Living: Private equity real estate manager with a dedicated senior housing strategy, deploying institutional capital into senior housing acquisitions and developments alongside operator partners. Closely comparable business model to CSH.
• LTC Properties: Healthcare REIT focused on senior housing and skilled nursing portfolios. Comparable as a senior housing capital provider partnering with regional operators, with similar deal sizes and operator-led model.
• Formation Capital (Formation Shelbourne): Private investment firm specializing in seniors housing and care, with deep operator relationships and a development/JV model similar to CSH. Highly comparable given overlapping leadership alumni (CSH's Director of Construction came from Formation Shelbourne).

Regional players

• Sonida Senior Living: Senior living owner/operator with independent living, assisted living and memory care communities, primarily owner/operator (versus CSH's investor/developer model). Comparable for senior housing portfolio composition but different in operating orientation.

Broad incumbents

• Welltower: Largest U.S. healthcare REIT focused on senior housing operating, outpatient medical, and post-acute care. Directly comparable as a senior housing capital provider, though vastly larger and publicly traded.
• Ventas: Major healthcare REIT with a substantial senior housing operating portfolio (RIDEA structure) alongside life science and medical office assets. Comparable as a senior housing investment platform with operator partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/csh1275
• Facebookfacebook.com/CapitolSeniorsHousing
• LinkedInlinkedin.com/company/capitol-seniors-housing-csh-

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Capitol Seniors Housing