New Senior Living Company From Ventas, Capitol Seniors Housing Alums Inks $100M JV 

A newly launched senior housing company formed by alumni of Ventas (NYSE: VTR) and Capitol Seniors Housing has inked a new joint venture with a real estate investment management firm to invest up to $100 million of equity in the industry.

The companies, Doyenne Healthcare Capital and Rockwood Capital, on Wednesday announced the new JV. As planned they will invest up to $100 million in equity to senior living communities across the U.S. and involve “strong operating partners” in those plans, according to Doyenne’s website.

The company’s strategy is to invest in value-add communities with experienced operators on deck to manage them. More specifically, the company has targeted properties that can be acquired at “attractive prices.”


The companies did not disclose the JV’s financial terms.

Doyenne Healthcare Capital was launched in August 2022, making it a newcomer to the senior living space. Leading the company are co-founders and senior living veterans Manisha Bathija and Kristen Ahrens.

Bathija is working as Doyenne’s chief investment officer, a role that will task her with leading its acquisition and disposition strategy, according to a press release. Ahrens is working as COO and is overseeing the company’s portfolio and asset management.


Bathija’s background includes a stint as a senior investment officer with Ventas (NYSE: VTR) and in the health care investment of with Bank of America Merrill Lynch. Prior to co-founding Doyenne, Ahrens worked as a principal at Capital Seniors Housing, a private equity firm focusing on senior housing communities.

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