Longtime partners formally align operations and investment management capabilities to support the next phase of disciplined growth.
MCLEAN, Virginia. August 26th, 2026 – Inspirit Senior Living (“Inspirit”), a regional owner, operator, and manager of senior living communities, and Venue Capital (“Venue”), a seniors housing investment and asset management firm, today announced the strategic combination of their businesses, creating an integrated seniors housing platform that brings together operations, investment management, asset management, and capital markets capabilities under one enterprise.
The transaction formalizes a partnership that began in 2018, with Inspirit and Venue collaborating on acquisitions, operations, capital formation, financing, and asset management across a growing senior living portfolio. Together, the organizations have developed complementary capabilities, a shared culture, and a common philosophy centered on operational excellence, disciplined investing, entrepreneurial thinking, and long-term partnership. Today, the platform encompasses approximately 39 seniors housing communities across 11 states, with a pipeline of additional acquisitions, management opportunities, and strategic partnerships in various stages.
As the seniors housing industry continues to evolve, owners, investors, lenders, and capital partners increasingly seek operating platforms capable of delivering exceptional operations alongside sophisticated investment and asset management capabilities. By bringing these disciplines together, Inspirit is creating a differentiated regional platform capable of aligning operational performance with capital strategy throughout the investment lifecycle—from acquisition sourcing, underwriting, and capitalization through operations, financing, and portfolio management.
“For nearly a decade we’ve been building this platform together,” said David McHarg, Founder and Chief Executive Officer of Inspirit Senior Living. “With this combination, we weren’t looking to create something entirely new but rather we were looking to formally align the capabilities we’ve already developed. We’re creating a stronger organization for our residents, associates, investors, lenders, and partners while remaining committed to thoughtful, disciplined growth.”
Following the transaction, Inspirit’s founder, David McHarg, will continue to serve as Chief Executive Officer, leading the company’s strategic vision and direction as it enters its next phase of growth. Michael Goldberg, Founder of Venue Capital, will join Inspirit as Chief Investment Officer and will lead Inspirit Capital, the company’s investment, asset management, and capital markets division. McHarg and Goldberg, together with Inspirit’s President Torey Riso, will serve on the company’s Board of Managers and help guide the strategic direction and continued growth of the combined platform.
Goldberg founded Venue Capital in 2018 and now has over two decades in institutional real estate investment, capital markets, and seniors housing, including key roles at Care Investment Trust, Credit Suisse, and CIT Group. Since its formation, Venue has partnered with operators, institutional investors, lenders, family offices, and other strategic partners to source, structure, capitalize, finance, and asset manage seniors housing investments throughout the United States. The combination builds upon nearly two decades of trusted collaboration between Goldberg and McHarg and formalizes the Venue and Inspirit partnership.
“Operations and capital are no longer separate disciplines in seniors housing—they’re inseparable,” said Michael Goldberg. “The strongest organizations have a deep understanding of both. Our vision is to build a platform where investment strategy informs operations, operational excellence strengthens investment performance, and each reinforces the other. That alignment ultimately benefits residents, employees, investors, lenders, ownership partners, and the communities we serve.”
Torey Riso, who joined Inspirit earlier this year as President, will continue leading enterprise strategy and organizational execution alongside Chief Financial Officer Sam Zarrabinia, Chief Operating Officer Jonathan Barbieri, and Chief Compliance Officer Timmothy Cox.
“One of the things that makes this combination unique is that it isn’t about bringing together unfamiliar organizations,” added Torey Riso, President of Inspirit Senior Living. “It’s about aligning leaders who have already been building together successfully for years. We’re combining the agility and culture of an entrepreneurial operator with the sophistication and infrastructure expected by institutional investors, creating a platform designed to compete and grow for decades to come.”
The organization will operate through two complementary divisions.
Inspirit Senior Living will continue to focus on community operations, resident care, clinical leadership, sales and marketing, property management, human capital, and organizational excellence.
Inspirit Capital will serve as the firm’s investment, asset management, and capital markets division, supporting the company’s acquisition, financing, portfolio management, and strategic growth initiatives.
The company will continue pursuing strategic acquisitions, third-party management opportunities, institutional partnerships, and other related initiatives while maintaining its commitment to exceptional resident care, operational excellence, and disciplined capital allocation. Looking ahead, Inspirit intends to build upon its position as a leading regional seniors housing platform by investing in exceptional people, strengthening institutional relationships, thoughtfully expanding its geographic footprint, and delivering an integrated operating and investment platform for residents, ownership groups, investors, lenders, and strategic partners.
ENDS