CSH is a joint venture partner with Boston based Bain Capital and Harvard Management Company (Harvard) which manages Harvard University’s $40.9 billion endowment, the largest higher education endowment in the world. CSH is headquartered in Washington, D.C. CSH also partners with The Carlyle Group (Carlyle), one of the world’s largest private equity groups with $217.0 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 100 assets valued at over $2.25 billion. Prior to forming CSH, Mr. Stewart 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.
Mr. Stewart serves on the Boards of the American Seniors Housing Association (ASHA) and Hopecam, a non-profit organization. He is on the University of Michigan’s Ross School Advisory Board as well as an Adjunct Professor at both Georgetown University and American University in Washington, DC, teaching real estate courses in both university’s continuing education programs.
Mr. Stewart is a five-time Ironman triathlete and member of the “Seven Continents Club,” having run a marathon in all seven continents. He earned an MBA from Harvard Business School in Boston, Massachusetts and a BBA from The University of Michigan in Ann Arbor, Michigan.