Matter Development

Watch for an absolute showstopper in Pewaukee to open next Spring. ?? www.livingwesterly.com -- Developers: Matter Development and ICAP Development Operator: Koru Health Architect: Galbraith Carnahan Architects Interiors and Brand: o&o studio Civil: Pinnacle Engineering Group General Contractor: Moore Construction Services, LLC

Matter Development welcomes Rachael Riedijk to our team as Executive Assistant! Rachael joins us with previous experience in healthcare real estate and we look forward to her energy and support as we grow our offerings to seniors throughout the Midwest.

Matter Development is proud to announce the acquisition of Lakewood Assisted Living & Memory Care of Brookfield, together with our operator partner Koru Health. This high-performing community is a strategic acquisition that fills a gap in our owned portfolio at a highly trafficked and regionally connected intersection. Lakewood was constructed in 2018 in the highly desirable and affluent suburb of Brookfield, Wisconsin. Said of Lakewood: "Of course, the place is gorgeous - looks great, smells great, beautiful dining room and food, meaningful activities... but the staff, that's Lakewood's 'secret sauce'. They are genuinely caring and loving people that understand Alzheimer's, and how to care for it."

Our 138-unit luxury senior living residence in Wisconsin’s Lake Country, The Westerly Pewaukee, is now leasing. The community includes Independent Living, Assisted Living, and Memory Care apartments. The Westerly’s architecture is reminiscent of Elkhart Lake and Door County resorts, and other iconic Wisconsin vacation destinations. We’re proud to say that our Community Relations Team has seen the earliest and fastest pre-leasing process in our history, with the community on pace to surpass opening projections. Congratulations to our operator, Koru Health! The Westerly Pewaukee is a proud joint venture partnership with ICAP Development (Brian Adamson).

Congratulations to our friends at o&o studio, Leah and Peter Ogden, for winning a Silver Award for our Lumia Mequon assisted living and memory care community from ASID Wisconsin. We are proud of our tradition of design excellence across our senior living portfolio, including multiple Award Winning residences for seniors in Wisconsin. Three Leaf Partners Andy Lange, Koru Health

The Matter Development Team had a fantastic time celebrating our Founder & Managing Director, Aaron R. Matter, along with the entire Milwaukee Business Journal 40 Under 40 Class of 2024! Congratulations to all the award recipients! #MBJ40Under40

The Westerly Pewaukee name, like all of our senior living brands, comes from the context and history of the community where it’s built. It refers to a historical rail line that ran west from Milwaukee County, bringing vacationers to Waukesha Beach (now called Pewaukee Beach). This 138-unit community includes independent living residences with age-in-place options, assisted living suites, and memory care. The Westerly will welcome its first residents in Spring 2025.

Matter Development's Founder & Managing Director, Aaron R. Matter, has been recognized by Milwaukee Business Journal as one of its 40 Under 40 honorees for 2024. Congratulations, Aaron, and the entire 40 Under 40 Class of 2024 on this prestigious award! #MBJ40Under40

Matter Development, together with its senior living operations partner Koru Health, proudly announces the successful acquisition of Cedar Community's Elkhart Lake assisted and independent living campuses – known as Cedar Bay and Cedar Landing. This strategic move signifies the companies’ dedication to expanding their presence into Sheboygan County. (In July of last year, Matter Development also received approval from the City of Sheboygan, alongside Froedtert Health, to develop a 187-unit senior living campus next to a new $70M Froedtert community hospital.) Cedar Community, with a rich history dating back to 1953, has been a provider of award-winning care and services for seniors aged 55 and better in Elkhart Lake since 2007. Nicole Pretre, Chief Executive Officer of Cedar Community, remarked, "After many months of thoughtful consideration and deliberation, our board of directors and executive leadership team concluded that campus-based services and resident engagement activities would be increased by partnering with Matter Development, an organization who not only shares our values and commitment to quality, but who is also growing its footprint in the local community.” Matter Development focuses on developing and revitalizing purposeful, lifestyle-forward, highly connected, and active housing. “While this acquisition is our first venture into Sheboygan County, it's just the beginning. We’re proud to carry on the legacy Cedar Community set for this campus, and we are committed to making a lasting impact on the residents and the community through exceptional care, vibrant communities, and a future filled with exciting possibilities,” said Matter Development CEO, Aaron R. Matter. Matter Development has a successful track record of developing, acquiring, and transitioning several other senior living communities alongside highly rated senior living operator, Koru Health. Koru Health will oversee daily operations at the Elkhart Lake campuses, leveraging their expertise from managing over a dozen senior living communities in Wisconsin and Minnesota. Koru Health was recently recognized by BizTimes Media as a Future 50 company, and the 3rd fastest growing company in the region. Andy Lange, President and Founder of Koru Health, stated, "This strategic partnership with Matter Development is one of many, and signifies a meaningful milestone for Koru Health. We are excited to bring our expertise in operating senior living communities to Elkhart Lake, and we look forward to enhancing the quality of life for residents at Cedar Bay and Cedar Landing." Cedar Community CEO Nicole Pretre affirmed, “Ultimately, this transition marks the ongoing pursuit of intentional and thoughtful efforts to provide services that are excellent in their mission-driven, resident-focus. Aligning with Matter Development and Koru Health provides an extraordinary opportunity to ensure that our friends and neighbors in Elkhart Lake are served well in the years to come.”