Investment Fund VI

Senior Living Management


A senior living management platform combining hospitality-grade resident care with the operational discipline institutional owners require.

$0.530B
Committed Capital
17–22%
Net IRR Target
8 yr
Fund Term
Senior Living
Strategy
Strategy

Investment thesis

UpManagement Fund VI acquires and scales management companies serving independent living, assisted living, and active-adult communities. Senior living is the most service-intensive residential asset class: occupancy, care-level mix, staffing ratios, and family satisfaction drive owner returns. The fund builds a management platform that pairs hospitality-grade resident and family experience with rigorous operating controls — census management, labor optimization, and regulatory compliance — and deploys it across a growing book of communities.

Terms

Fund architecture

VehicleDelaware Limited Partnership
Term8 years (+ two 1-year extensions)
Preferred return8% preferred return
Carried interest20% carried interest above preferred
WaterfallAmerican waterfall with GP clawback
Minimum LP$1,000,000
AuditorPricewaterhouseCoopers LLP
Legal counselLePore Law Group
Target net IRR17%–22% net
Target assets

Where this fund concentrates

  • Independent living and active-adult community management
  • Assisted living and memory-care operations management
  • Continuing-care and rental senior housing management
  • Owners seeking operator upgrades on existing communities
Operating discipline

The numbers we run to

Every managed property is held to weekly operating metrics. These are the disciplines that distinguish an institutional operator from a passive fee collector.

Census / occupancy

Stabilized occupancy and move-in pace

Care-level mix

Acuity blend and ancillary revenue

Family satisfaction

Net satisfaction and referral rate

Labor efficiency

Staffing ratios against service standards

Property management is the most undervalued operating layer in real estate. Run it like the business it is.
Alexandra Pohl, Founder and CEO

Speak with our investor relations team

For fund materials, capital account information, and partnership inquiries, reach UpManagement directly.

Contact Investor Relations