About Us

Strategic Focus

Aspens Residential is a national real estate investment manager headquartered in Fort Worth, TX, focused on the development and acquisition of active adult communities. Active adult rental properties are purpose-built communities designed to serve the aging senior population in the United States. Active adult rental communities cater to older Americans seeking a multifamily living environment where residents are generally more independent and active than those in traditional senior housing options like independent living. This commercial real estate segment responds to the preferences of the leading edge of the baby boomer generation, which is projected to surpass 85 million by 2025.

$236M

Total Basis

$271M

Market Value

$85M

Equity Raised

$13M

Sponsor Co-Invest

50 Years

Combined Experience

$380M

Transactional Experience

Leadership

Barry K. Metcalf
Principal

Barry founded Aspens Senior Living in 2009 with Dean Elridge with the intention of developing Class A, 55+ communities for active seniors that offer a value proposition to both independent living and multifamily. Barry is well-versed in multiple facets of the real estate industry, including financial and market analysis, site inspections, legal and regulatory reviews, zoning and entitlements, land development, land investment and development of active adult communities.

Before forming Aspens, Barry was a partner at Cadence Capital Partners, LP, which was established to drive real estate development and investment activities, primarily in the Dallas-Fort Worth area.

Barry earned his Bachelor of Science degree from Texas Christian University.

David Brown
CFO & Controller

David serves as the chief financial officer and controller for Aspens Senior Living. He is responsible for all aspects of the company's internal and external financial analysis and reporting as well as management of the firm's accounting and treasury activities.

David has more than 25 years of experience in accounting and financial leadership positions across a variety of industries. Prior to joining Aspens, he led the FP & A function for a private-equity-owned distribution company.

David has both a Bachelor of Business Administration in finance and a Master of Business Administration from Texas Christian University.

Leadership

Barry K. Metcalf
Principal

Barry founded Aspens Senior Living in 2009 alongside Dean Eldridge, with the aim of developing Class A, 55+ communities for active seniors that offer a compelling value proposition compared to both independent living and multifamily options. Barry is well-versed in various aspects of the real estate industry, including multifamily brokerage, land development, land investment, and multifamily development.

Before forming Aspens, Barry was a partner at Cadence Capital Partners, LP, which was established to drive real estate development and investment activities, primarily in the Dallas-Fort Worth area.

Barry earned his Bachelor of Science degree from Texas Christian University.

David Brown
CFO & Controller

David serves as the chief financial officer and controller for Aspens Senior Living. He is responsible for all aspects of the company's internal and external financial analysis and reporting, as well as managing the firm's accounting and treasury activities.

With over 25 years of experience in accounting and financial leadership across various industries, David brings a wealth of expertise to his role. Prior to joining Aspens, he led the FP&A function for a private-equity-owned Animal Supply Company.

With over 25 years of experience in accounting and financial leadership across various industries, David brings a wealth of expertise to his role. Prior to joining Aspens, he led the FP&A function for a private-equity-owned Animal Supply Company.

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