Michael Hartman

Principal – Active Living, Capitol Seniors Housing

Michael Hartman is responsible for CSH’s Active Living platform, which focuses on investing in assets catering to residents who are Over 55. This opportunity includes acquiring and renovating existing assets, as well as developing new assets that are uniquely tailored to this community. Michael brings more than two decades of commercial real estate principal and advisory expertise to his role with CSH.

Prior to joining CSH, Michael was director of Investments, Senior Housing for Cortland Partners focusing exclusively on Active Living assets. Over a two-year period, he executed six transactions totaling over 1,200 units and deployed $140 Million of capital. Prior to that, he ran the Real Estate Division of Cohn Reznick Capital Markets, providing services that included debt and equity financing, M&A advisory, due diligence, and strategic investment advisement. Michael’s extensive experience also includes a previous stint with CSH where he was part of the team that launched the original effort in 2003.

In the past, Michael served as Vice President for Sunrise Senior Living, Inc. and Deutsche Banc Alex Brown, respectively. Michael has also worked as an associate and analyst for Prudential Securities Incorporated and The Yarmouth Group, respectively. Michael began his finance career as a loan officer with Shawmut Bank in Boston, Massachusetts. Michael received his MBA in Finance and Real Estate from The Wharton School and holds his bachelor’s degree in Economics from Connecticut College.

Capitol Seniors Housing

Based in Washington D.C., Capitol Seniors Housing is a private equity-backed real estate acquisition, development and investment management firm founded in 2003.

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Scott Stewart

Capitol Seniors Housing In The News

  • Blueprint’s April Activity Continues
    Continuing Blueprint Healthcare Real Estate Advisors’ busy deal activity in the last week, which included three skilled nursing closings on April 1st, the team of Amy Sitzman, Dan Mahoney and Blake Bozett sold a 36-unit assisted living community in Kennewick, Washington, in the eastern part of the state. Built in 1995 and... Read more
    Published on: April 06, 2020 By Ben Swett
  • Capitol Seniors Housing Flips Ann Arbor Assisted Living Community
    It’s only been two years since Capitol Seniors Housing acquired a 75-unit assisted living/memory care community in Ann Arbor, Michigan, but the time has come to sell. Richard Swartz, Jay Wagner, Sam Dylag and Chris Remeika of Cushman & Wakefield found a buyer in Kayne Anderson Real Estate,... Read more
    Published on: October 29, 2019 By Ben Swett
  • Capitol Seniors Housing Opens High-End Maryland Community
    Capitol Seniors Housing just opened an assisted living/memory care community in the Baltimore area at a cost of $27.2 million, or nearly $325,000 per unit. Unique to the community (and probably pushed up its development cost) is its location adjacent to the 79-acre Waugh Chapel Towne Centre, which... Read more
    Published on: July 01, 2019 By Steve Monroe
  • Capitol Seniors Housing Refinances California Community
    Five years on from its acquisition of an 83-unit senior living community in Tustin, California, Capitol Seniors Housing is refinancing the property with a $15 million loan secured by Aron Will, Austin Sacco and Adam Mincberg of CBRE National Senior Housing. Originally built in 1985, this community consists... Read more
    Published on: June 21, 2019 By Steve Monroe
  • The 55+ Active Adult Market: The New Frontier of Seniors Housing
    Judging by the number of questions we got during our May 16th webinar called “The 55+ Active Adult Market: The New Frontier of Seniors Housing,” it is safe to say that there is plenty of interest in this growing market. Our listeners tuned in to find out what... Read more
    Published on: May 17, 2019 By Steve Monroe

Scott Stewart

1402bsstewartFounder and Managing Partner, Capitol Seniors Housing

Scott Stewart is the Founder and Managing Partner of Capitol Seniors Housing (CSH), a national seniors housing investment firm. CSH is a joint venture partner with one of the largest university endowments in the United States. CSH also partners with The Carlyle Group (Carlyle), one of the world’s largest private equity groups with $185.0 billion under management. Both CSH and Carlyle are headquartered in Washington, D.C.

CSH was formed in the fall of 2003 with a mission to opportunistically acquire, develop and own independent living, assisted living and continuum of care retirement communities (CCRCs) in major U.S. markets. CSH utilizes third party operators to manage the facilities on a fee or joint venture basis.

To date, the company has amassed a nationwide portfolio of over 50 assets valued at over $1.0 billion. CSH has also realized a combined gross profit of $335 million for its investors with the timely sale of certain assets within a seven year period. This track record has enabled the company to post an overall portfolio IRR in excess of 52%.

Prior to forming CSH, Scott ran the Acquisitions Group for Sunrise Senior Living, one of the country’s premier seniors housing service providers. Before that, he headed up the acquisitions, development and construction efforts for Homestead Village, Security Capital Group’s extended-stay hotel company.

Scott serves on the Boards of the American Seniors Housing Association (ASHA) and Hopecam, a non-profit organization. He is also a member of the Urban Land Institute (ULI). Scott earned an MBA from Harvard Business School in Boston, Massachusetts and a BBA from The University of Michigan in Ann Arbor, Michigan.