Kauhale Health Teams with Senior Living Vet Riso to Generate “Major” and Large-Scale Investments

Kauhale Health announced that senior living veteran Torey Riso will play a pivotal role as the organization seeks to expand its senior living operations.

Kauhale Health has a portfolio of two retirement homes, one of which it owns and the other which it operates. But the Westerville, Ohio-based healthcare platform plans to grow by leveraging the investment relationships Riso has built throughout his 17-year career in and around the healthcare industry. property investment.

Kauhale in March of this year assumed management of a community called Vista Grande Villa – a continuing care retirement community in Jackson, Michigan. Kauhale’s other community—called Kauhale Otsego—is a 52-unit assisted living and memory care community that Kauhale owns in Otsego, Michigan.

Kauhale’s goal is “to build a state-of-the-art operating company focused on efficiency and effectiveness,” Riso told Senior Housing News.

“Once that is built… either you take a stake or you buy a sizeable portfolio. But, to do that, you need to have a significant track record,” he said.

It is in this considerable balance sheet that Riso’s years of experience will come in handy at Kauhale.

Prior to joining Kauhale, Riso spent time with a host of well-known players in senior living and healthcare investment groups. Most notably, Riso served as President and CEO of Chicago-based real estate investment firm Blueprint Healthcare Real Estate Advisors from 2018 to 2022, and he held the same titles with Care Investment Trust, a real estate investment trust based in Chicago. in New York (REIT).

Kauhale plans to tap into these connections in the near future. Through the alliance with Riso, the company intends to pursue traditional joint ventures and creative rental structures, according to a press release issued last week.

“We needed someone who could help us with a growth strategy,” Kauhale founder and chief executive Blake Church told Senior Housing News. “He already did.”

Kauhale found Riso through a mutual connection that not only introduced the company and the executive, but gave Kauhale credibility.

“The industry is small and it’s getting smaller by the day,” Church said. Credibility was perhaps Riso’s biggest concern. While the Kauhale team is well known in the industry as a seasoned group of professionals, the platform is brand new, according to Church.

For Kauhale, the Covid-19 pandemic has created a kind of living investment money, as it kicks off in the post-Covid era, rather than trying to regain margin lost during the pandemic.

“A lot of other groups that are fully formed have legacy pandemic issues,” Riso said. “We have the luxury of not having that.”

But, Riso’s experience navigating the chaos of the 2008-09 financial crisis has prepared him for the current turmoil – another reason he believes Kauhale is well positioned in the months and years ahead.

“[We can] walk in and say, ‘Listen, we can help you, here’s our experience, we’ve done it before,’ Riso said.

When it comes to the current landscape, Riso knows that no matter how capricious capital is in the current economic turmoil, the world keeps spinning.

“Lenders are tough right now and equity is tight,” Riso said. “But the pressure from the other side is that the deals have to be done.”