Aspen Alcove At Bardstown
Bardstown, Kentucky
Assisted Living • Memory Care • Respite Care
Personalized support and everyday comfort in a welcoming Kentucky home. Pets welcome.
Units/Beds: 42 units / 42 beds
Acquired: October 2025
Aspen Alcove Corporate
Active Ownership.
Better Senior Living.
Aspen Alcove is a senior living ownership and active asset-management platform focused on acquiring communities where experienced ownership, disciplined execution and strong operating partnerships can create meaningful long-term value. We develop asset-specific business plans and remain actively involved in strategic direction, financial performance, capital planning and execution throughout the investment lifecycle.
We Invest In The Senior Living Community.
We Understand The Business
Inside It.
Senior living requires more than real estate expertise. Successful ownership requires understanding operations, hospitality, healthcare and resident experience.
Our Approach
An Active Ownership Model
- 01
Acquire
Identify, underwrite and acquire senior living communities with compelling fundamentals and identifiable opportunities for improvement.
- 02
Capitalize
Develop appropriate debt and equity structures and build relationships with aligned capital partners.
- 03
Strategize
Establish an asset-specific business plan informed by market dynamics, competitive positioning, physical condition and operating performance.
- 04
Asset Manage
Provide active oversight of budgets, CapEx, occupancy, revenue, NOI and execution against the approved business plan.
- 05
Partner
Select experienced third-party management companies based on the needs of each asset and establish clear accountability around performance.
- 06
Create Value
Pursue sustainable improvements in resident experience, physical plant, occupancy, revenue, operations and long-term asset value.
Our Differentiator
Senior Living Requires More Than Real Estate Expertise.
Senior living sits at the intersection of real estate, hospitality, healthcare and operations. Our multidisciplinary perspective allows us to evaluate not simply what an asset is worth today, but what it can become under the right ownership strategy.
Senior Living • Real Estate Investment • Acquisitions • Asset Management
Finance • Construction • Capital Projects • Revenue Performance
Investing Beyond Real Estate. Building Better Communities.
Experience That Matters
Experience Behind The Platform
Creating strong senior living communities requires experience across ownership, operations, real estate and resident experience.
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18+
Senior Living Communities Acquired & Owned by Leadership
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484
Beds Owned & Acquired
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$44M
Senior Living Assets Under Active Ownership
-
18+ Years
Hands-On Senior Living Ownership Experience
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25+ Years
Real Estate Investment & Asset Management Experience
Portfolio
Our Growing Portfolio
Explore the senior living communities Aspen Alcove owns and the markets where we continue to grow.
Aspen Alcove At Elizabethtown
Elizabethtown, Kentucky
Assisted Living • Memory Care • Respite Care
Warm, individualized care in Elizabethtown, with support that adapts as needs change. Pets welcome.
Units/Beds: 42 units / 42 beds
Acquired: October 2025
Aspen Alcove At Clinton
Clinton, Utah
Independent Living • Assisted Living • Memory Care • Respite Care
Dignified, accessible care that feels like home. Pets welcome.
Units/Beds: 110 units / 112 beds
Acquired: January 2026
Acquisitions
Finding Potential.
Creating Value.
Aspen Alcove actively evaluates senior living acquisition opportunities where experienced ownership and active asset management can create meaningful long-term value.
We Welcome Opportunities From
- Owners Considering A Sale
- Senior Living Brokers
- Lenders
- Operators
- Developers
- Institutional Owners
Leadership
Experienced Leadership.
Complementary Expertise.
Our leadership team brings together expertise across senior living operations, healthcare, acquisitions, finance, asset management, marketing, and strategic growth, bringing a well-rounded perspective to every investment and every community we serve.
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Thilak Then
Co-Founder & CEO
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Annabelle Lewis
Co-Founder & COO
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MaryLou DePondicchello
Co-Founder & Chief Investment & Growth Officer
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Traci Bild
Director of Strategic Growth and Occupancy
Partnerships
Aligned Relationships.
Enduring Value.
Capital Partners
Building Long-Term Capital Relationships
Aspen Alcove builds relationships with accredited investors, family offices, institutional capital and strategic partners who share our long-term perspective on senior housing. Our approach emphasizes disciplined underwriting, active asset management, experienced operating partnerships and clearly defined business plans.
Connect With Our TeamOperating Partners
The Right Partner For Every Asset
Aspen Alcove partners with experienced third-party senior living management companies selected according to each community's market, care model, resident population and strategic business plan.
Explore A PartnershipContact
Let’s Start A Conversation
If you have an acquisition opportunity, a capital partnership or a strategic relationship in mind, our team would like to hear from you.
Get In Touch
Share a few details and our team will contact you.
Find The Community That's Right For You
Discover an Aspen Alcove community where residents can feel supported and at home.