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Just months after selling a South Carolina community to rising stars Cory Wake and Elan Ruggill of Silver Wave Capital, we’re proud to invest in their next opportunity — a 2019-built, Class A senior living community in a strong Portland suburb.
There’s nothing like selling a community to friends and colleagues — and then doing another deal with those same friends.
Acquired at nearly 60% below replacement cost, the community is one of the newest and most luxurious in its competitive set — yet under-occupied, with clear upside. Strong local demographics, limited new supply, and a proven co-investing operator make the fundamentals even more compelling.
At Kandu Capital / Bloom Senior Living, we’ve always owned and operated our own communities — never operated what we didn’t own, never owned what we didn’t operate, and never joint ventured a deal. Choosing to invest alongside another senior living owner speaks volumes about how we feel about Cory, Elan, and the quality of their opportunities.
Here’s to more collaboration, strong communities, and smart investing with good friends.
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