Two veterans of the senior dwelling financing sector have launched a brand new firm geared toward providing senior care financing choices to senior dwelling suppliers.
Jason Dopoulos and Ken Gould based the brand new firm, which is dubbed Ikaria Capital Group. The brand new finance agency will likely be based mostly out of Cleveland, Ohio, initially with 15 workers members and extra plans to convey extra workers aboard because the 12 months progresses.
“Our workforce is passionate concerning the enduring senior dwelling and healthcare actual property sector, whereas prioritizing longevity within the relationships we construct with our shoppers,” Dopoulos instructed Senior Housing Information on Thursday.
Each Dopoulos and Gould hail from established gamers within the senior dwelling financing house. They each labored at White Oak Healthcare Companions together with Lancaster Pollard, which was offered to Orix USA in 2017 and later rolled into the Lument model.
The brand new agency’s targets embrace offering a full suite of financing choices for well being care and senior dwelling suppliers, from bridge lending to facilitating acquisitions and recapitalizations, together with debt from the Division of Housing and City Improvement (HUD) and Federal Housing Administration (FHA), Dopoulos mentioned.
Dopoulos and Gould named the corporate after the small Greek island of the identical title, which carries among the many longest life expectations on this planet as a “blue zone.”
The duo’s previous expertise at White Oak and Lancaster Pollard will assist steer the corporate’s future trajectory, Dopoulos added.
“Our histories at each Lancaster Pollard and White Oak have each contributed to the cohesion of our workforce, our resourcefulness and our broad-based view of attracting capital to this area of interest sector,” Dopoulos mentioned.
From a progress perspective, Dopoulos mentioned he sees the workforce’s previous expertise with FHA and HUD lending as a differentiator to face out, together with alternatives of “continued progress” in bridge lending as mergers and acquisition exercise “maintains a excessive stage of exercise” all through the rest of 2025.
Whereas the rate of interest setting stays “onerous to foretell,” Dopoulos mentioned the brand new firm expects funding exercise in senior dwelling to stay lively.
“We predict funding exercise stays excessive which is able to proceed to gas the necessity for versatile debt capital. If rates of interest average a bit by 12 months finish, exercise may simply improve additional,” Dopoulos mentioned.
