Raising Communities. Raising Returns.

Voralto was founded on a core belief: When senior living communities are properly led, they flourish, and so do investor portfolios.

Leadership

Carl Mittendorff

General Partner

Carl brings over 20 years of senior living operations, investment, and asset management leadership, having invested more than $4.2 billion in senior living assets. Carl has completed 54 senior living roundtrips, delivering an average 31% IRR to LPs. Under his guidance, Voralto’s affiliated platforms have managed over 13,000 senior living units across 26 states, spanning acquisitions, value-add turnarounds, and ground-up new developments. Carl’s commitment to dignified senior care started with his beloved grandfather, “Papa,” a decorated World War II Marine Corps Tank Commander. Carl’s lifelong mission is to Love and Serve our Neighbors.

Joe Hagan

Head of Acquisitions

Joe has overseen over $200 million in senior living acquisitions, dispositions, and refinancings, with expertise across underwriting, capital structuring, and operational oversight. For the past six years, he has been instrumental in the growth and performance of the platform, helping lead transformative turnarounds and NOI expansion across multiple communities. He combines financial acumen with a deep commitment to operational excellence, making him a trusted steward of capital and community performance.

Adam W. Campbell

Fund Operations

Adam brings nearly 20 years of finance experience, including 15+ in private equity and 7+ working directly with family offices. He was the founding Corporate Controller at Bridge Investment Group (now part of Apollo Global Management, a leading senior housing investor and operator), where he oversaw fund reporting for more than $5 billion in real estate assets across seven funds. He later served as CFO of a family office overseeing multiple operating companies. Adam is a CPA with a Master’s in Accounting from the University of Utah.

Lincoln Archibald

Fund Formation

Lincoln has advised hundreds of private equity and alternative investment managers on fund formation, structuring, governance, and capital raising across strategies including private equity, hedge funds, real estate, and other alternative structures. He was the architect of Fund Launch’s Black Card Program, which has supported the launch and scaling of hundreds of first-time funds. Earlier roles at J.P. Morgan Private Bank, Sorenson Impact, and Triiio Group developed his underwriting acumen across HNW and institutional clients.

Brian Fay

Capital Formation

Starting as an entrepreneur 13 years ago, Brian built a successful construction company, completing over 800 construction projects and developing multiple sites in the Orlando market. Brian’s pivotal moment came when facing the challenges of running a plumbing company with an 85-member team, which led him to fully pursue real estate investment. Today, Brian focuses on 55+ active adult and senior living investments with Voralto, addressing the senior living housing shortage with innovative amenities.

Troy Keeney

Capital Formation

Troy Keeney brings nearly a decade of commercial real estate expertise across investment, development, and asset management. He began as a broker specializing in retail and multifamily, then advised a prominent national developer on ventures exceeding $100 million. Troy built a portfolio of multifamily and commercial assets across the Southeastern U.S., Portland, and Northern Nevada, completing more than $200 million in transactions.

Our mission

Our mission is to restore dignity, stability, and vitality to properties that have been neglected by absentee owners or overwhelmed by ineffective management. Through an operator-led model, we transform assets from the inside out, creating sustainable value for all stakeholders.

Born from the frontlines of senior living

Today, that operating heritage is being extended through a more modern investment approach. Voralto combines hands-on senior living leadership with data science, machine learning, and artificial intelligence-enabled workflows to improve underwriting, sourcing, labor strategy, performance monitoring, and local demand generation. We believe the future belongs to firms that pair compassionate care and strong local leadership with better systems, better tools, and better decision-making.

Disconnected ownership

Of senior living heritage since 1977

Poor management

Operated across the country

Misaligned financial structures

Nationwide operating footprint

Lack of oversight

Invested in senior living assets

The solution was clear:

Investors want performance. Communities need real operators.

Voralto unites the two.

By pairing disciplined capital with experienced operators, we deliver consistent turnarounds and meaningful long-term value creation.

What our partners say

“The depth of operating knowledge here is rare. Most funds talk about operations as a value lever but lack the team to actually execute. Voralto’s principals have done it themselves, across dozens of communities, over decades.”

Prior Institutional Investor

“What stood out was the sourcing. More than half their pipeline was off-market, driven by relationships and proprietary outreach that we simply don’t see from other emerging managers in this space.”

Family Office Allocator

“They don’t just buy buildings—they fix broken operations. The combination of hands-on turnaround capability and data-driven decision making is what gives us confidence in the risk-adjusted return profile.”

Registered Investment Advisor

Our values

01

OPERATIONAL EXCELLENCE

We invest alongside you in every project

02

INTEGRITY & TRANSPARENCY

We execute with precision and accountability

03

INVESTOR ALIGNMENT

We invest alongside you in every project

Proven track record

Selected value-add turnarounds across our portfolio. An average of 60% of our deals are completely off-market.

Kansas Acquisitions

From -$640K to +$2.5M Cashflow

At the onset of COVID, we acquired distressed, undervalued senior living communities at attractive basis levels. We drove occupancy from 63% to 96% and transformed the portfolio from losing -$640K per year to earning nearly $2.5M annually.

Rockwall, TX

700% NOI Growth in Memory Care

Acquired at a 50% discount to book value and roughly 70% occupancy. Within four months we increased occupancy to 95% and have maintained it for nearly three years. On track for over $1M in annual NOI in 2025.

Albuquerque, NM

From 50% to 100% Occupancy

Acquired at nearly 50% occupancy and losing over $100K annually. We’ve maintained 100% occupancy for 16 straight months, raised RevPOR by 20%, and the community is tracking to $1.4M NOI in 2025.

Dallas, TX

2x NOI Through COVID

Acquired just before the pandemic, battled three major COVID outbreaks, replaced the entire leadership team, and implemented strategic capital improvements. The community now produces over 2x the NOI compared to pre-acquisition.

For Investors Who Want Returns With Meaning

Voralto is designed for investors who want:

The goal is to deliver consistent, repeatable return generation and achieve turnaround-driven value creation through the application of real operational accountability. This approach is further distinguished by a mission-aligned framework that benefits both residents and staff, offering access to a space typically dominated by institutions.

Our investors include:

The investors in our firm are diverse, encompassing high-net-worth individuals, family offices, and boutique institutional investors. We also attract values-driven investors and allocators seeking alternatives to large, impersonal platforms.

For Accredited Investors

Ready to Invest with Operators Who Execute?

Voralto combines decades of operating experience with modern analytics to create long-term value in senior living. Access is by application only.