What is Silver Tree Residential?
Silver Tree Residential, LLC (STR) was established with the core mission of achieving superior quality standards in senior and family housing communities, as envisioned by James Carmichael. As the exclusive management entity for communities owned by Mr. Carmichael and Housing Preservation, Inc., STR leverages a national network of hundreds of employees to deliver exceptional property management services. The company currently oversees 89 communities across 25 states, encompassing 11,994 apartment homes that cater to over 12,000 seniors and families, demonstrating a substantial operational scale and a deep commitment to its residents.
How much funding has Silver Tree Residential raised?
Silver Tree Residential has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Silver Tree Residential
PPP
Public-Private Partnership
What's next for Silver Tree Residential?
The recent major strategic investment positions Silver Tree Residential for accelerated growth and enhanced operational capabilities. This capital infusion is expected to fuel strategic initiatives, potentially including the acquisition of new properties, the expansion into new geographic markets, and the further development of its management infrastructure. The company's focus on quality and its established track record in managing a large portfolio suggest that future investments will likely be directed towards reinforcing its market leadership and continuing to provide high-quality living environments for seniors and families.
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