About

/About
About 2020-03-13T18:51:28+00:00

About Us

Cedar Communities is private equity real estate firm aimed at acquiring undervalued assisting living facilities. The partners of Cedar Communities bring a wealth of knowledge aimed at maximizing value all the while providing residents with a warm, compassionate and friendly environment to call home. Our research and focus deploys capital on facilities that meet strict purchase requirements aimed at delivering the highest return for our investors.

Cedar Communities’ management company provides a variety of management services to assisted living facilities. Our expertise gives owners the ability to step back from the day to day while still maintaining ownership of the asset.

The Cedar Team

Richard Foster
Richard FosterManaging Director
Richard Foster is a Managing Director at Cedar Communities. At Cedar, Foster is the lead financial director on mergers and acquisitions, structured finance, capital markets, and investor management. He also oversees the entire portfolio’s financial performance. Foster has spearheaded a myriad of complex financing transactions with varying debt structures including short term and long-term bridge, SBA, HUD, and CMBS, for both acquisitions and refinancing’s with some of the world’s largest investment banks and financial institutions. Additionally, Foster manages all of Cedar’s limited partnership investment vehicles. Foster has completed over $25MM in financial transactions since joining Cedar averaging IRR’s of greater than 20% across all assets.
Anthony Manetta
Anthony ManettaManaging Director
Anthony Manetta is a Co-Founder and Managing Director of Cedar Communities acting as the firm’s lead operations director. He is responsible for overseeing facility operations as it relates to maximizing the portfolio’s performance while providing the highest level of care and living standards for the residents. Additionally his role encompasses overseeing sales and marketing at all portfolio facilities. His operational knowledge led to increasing revenue by 2X and market value by 4X at Cedar’s first acquisition. Prior to co-founding Cedar he was an executive at a well-regarded Corporate Restructuring Firm and CEO of the Suffolk County Industrial Development Agency (IDA) in New York. He is a member of the Virginia Assisted Living Association (VALA) and the Georgia Senior Living Association (GSLA).
Ari Weinberger
Ari WeinbergerPartner
Ari has significant healthcare and real estate investment banking and operating experience. Ari previously served as President of CRL Senior Living Communities where he tripled the size of the company through multiple acquisitions and developments, increased revenue 4X and operating margins 2X and built a brand of innovators in healthcare. To sustain the brand Ari implemented a series of innovative programs to enrich the lives of residents and their families. To manage the growth of the company Ari utilized various technologies to provide the required infrastructure to be able to access operational, sales, HR and financial information of 18 communities from any location with internet access. In 2013, CRL sold most of its communities to two larger operators resulting in significant returns to the founders of the company.

Ari is also the past Head of Corporate Finance and Real Estate Capital Markets at Mazars USA where he was responsible for executing M&A and capital raising transactions.
Prior to running CRL, Ari was a senior vice president of Shattuck Hammond Partners, a division of Morgan Keegan. During his five years tenure, Ari was involved in over $3 billion of healthcare M&A and capital raising transactions.

Shawn Badami
Shawn BadamiController
Shawn is the controller at Cedar Communities, bringing over 20 years experience as a senior finance professional. He spearheads a full spectrum of daily accounting operations, including accounts payable/receivable, cash management, monthly accruals, reconciliations and variance analysis, and month-and-year-end close processes across the Cedar portfolio. He holds concurrent responsibility for conducting corporate budget versus actual analysis, reviewing monthly variance reports, completing various ad-hoc projects and analysis for each facility and summarizing information for external tax accountants.
Bianca Paul
Bianca PaulDirector of Human Resources
Bianca serves as the Director of Human Resources for Cedar Communities. She brings ten years experience with a proven skillset from within the assisted living and healthcare industry to our portfolio facilities. Her role at Cedar is managing human resources, payroll, policy and procedure development, compliance and all aspects of the employment process and labor relations. She works in collaboration with facility administrators on staffing management, and employee related issues as it relates to maximizing efficiencies and budgeting.
Matthew WalkerCedar Communities Advisory Board
Matthew Walker is a Cedar Communities Administrator and a Member of the firm’s Corporate Advisory Board. He has been working in the healthcare field for 10 years. His positions in healthcare throughout his career included director of human resources, director of sales and marketing and as an executive director. He has experience working in facilities from 24 beds to 117 beds with varying levels of resident accuity. Matthew holds a license as an Assisted Living Facility Administrator from the Virginia Department of Social Services (VDSS).
Cheri NashCedar Communities Advisory Board
Cheri Nash is a Cedar Communities Administrator and a Member of the firm’s Corporate Advisory Board. She has been in the healthcare field since 2009. Cheri has had a multitude of positions within the Assisted Living space giving her a wide-ranging skill set that she incorporates in her position as a valued Administrator. Her background includes resident caregiving, activities as well as supervisory roles as a wellness coordinator and medication technician supervisor. As Administrator, she is responsible for managing the day-to-day operations of the facility, budgeting, staffing and providing excellence in resident care. Cheri is a proud military mother with sons who serve or have served in the United States Army, United States Navy, United States Marines and the United States Air Force ROTC.