$500M Avenue Real Estate Group Names Former BGO Managing Director as New CIO
Matthew Gorman
Avenue – a real estate development, construction and investment group focused on the healthcare, senior living, and active adult sectors – has appointed Matthew Gorman as its chief investment officer. In this newly created role, Gorman will oversee the company’s investment strategies, capital allocations, and growth across existing and forthcoming portfolios.
Gorman brings more than two decades of experience in asset management, investment banking and real estate investment trust leadership to Avenue, which is positioning itself for rapid growth, both in its existing niche of senior living and healthcare as well as in the expanding active adult sector.
“Matthew is deeply passionate about developing innovative investment strategies. His proven track record of success aligns perfectly with Avenue’s mission to create high-quality, purpose-driven developments that positively impact our investors, our partners, and the communities we serve,” said Laurie Schultz, CCIM, principal and co-founder of Avenue. “His strategic expertise and vision will be invaluable in helping us expand our Viva Bene active adult development pipeline and acquisition strategy.”
Gorman most recently served from 2021 to 2024 as managing director at BGO (formerly BentallGreenOak), a global real estate investment firm with approximately $83 billion in assets under management. He also held the role of chief investment officer from 2023 to 2024 for BGO Industrial Real Estate Income Trust, a non-traded real estate investment trust specializing in the acquisition of income-generating, modern industrial warehouses and logistics facilities. The REIT is managed by an affiliate of BGO.
“In joining the Avenue team, I see a unique opportunity to return to my entrepreneurial roots,” said Gorman. “I’ve known Laurie for 20 years and greatly respect the work she’s done to advance our industry. This is the right time and place to focus on Avenue’s core strengths and expand from there. We anticipate a decade of solid tailwinds following recent market correction.”
Gorman has also held roles with GreenOak Real Estate from 2011 to 2016, Barclays Capital from 2010 to 2011, and Edward Rose Companies from 2007 to 2009. An Indianapolis native, he attended Indiana University Kelley School of Business on a full scholarship and received a Bachelor of Science degree in real estate finance.
Founded in 2015, Indianapolis-headquartered Avenue has developed a $500 million portfolio with 19 senior living, healthcare, and active adult properties across the United States. This encompasses 1,400 senior living units and 1.5 million square feet of development including numerous primary care clinics.
According to Avenue, its newest brand, Viva Bene is the first and only company to provide a hybrid model blending mid-market priced rentals for adults aged 55-plus with onsite primary care and wellness services provided by Sevi Health. The nation’s first Viva Bene site, with 161 fully appointed apartments, resort-style amenities and wellness-focused services, will have a phased opening through early 2025 in the St. Louis suburb of St. Peters, Mo.
Avenue is a full-service, national real estate development, construction, and investment group focused on wellness-centered properties in healthcare, as well as for seniors and active adults.
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