Our History

To understand the Dover Capital story, it is important to first understand the history of the Dover Companies.

The Dover Companies was founded in 2007 by Joshua Jennings as a seniors housing real estate investor (Dover Capital) and development firm (Dover Development) and has since grown and evolved into a vertically integrated senior living enterprise seamlessly blending healthcare and real estate investment. Inspired by the memory of our founder’s grandmother, a former resident at the second Cedarhurst ever built, the Dover Companies team strives daily to fulfill our mission to create communities where each person feels loved, valued, supported, and able to live life to the fullest while providing investors with best in class financial returns in an ethical and responsible manner, consistent with the Dover Companies Core Values.

The first Cedarhurst assisted living community was developed by Dover Development in Collinsville, Illinois and constructed by a third-party general contractor in 2008 – no small feat in the midst of the Great Recession. Through sheer force of will and a determination to succeed, Dover Development overcame a failed lender and a failed general contractor to bring Cedarhurst of Collinsville to life. This community was soon followed by three more successful projects between 2011 and 2015.

Unsatisfied with the lack of alignment with the third-party managers utilized to operate those first seniors housing communities, the Dover Companies formed a new senior living management company, Cedarhurst Senior Living, to ensure alignment between community management and community ownership. Cedarhurst Senior Living formally launched in 2015 and has since grown to operate over 55 private pay assisted living, independent living, and memory care communities.

Shortly after the launch of Cedarhurst Senior Living, the Dover Companies formed Brahms Construction and brought construction management “in house.” As a result, the interests of all project stakeholders became aligned and friction between ownership, development and construction teams was greatly reduced.  Since 2015, Brahms Construction has successfully completed over 30 seniors housing construction projects.

In addition to new development of seniors housing communities, Dover Capital discovered another path to simultaneously spread our mission and generate returns for our investors – the acquisition of seniors housing communities. Beginning with our first acquisition in 2017, we have successfully acquired 15 seniors housing communities and continue to see significant opportunities to expand upon this strategy. Each potential new acquisition is underwritten carefully to identify opportunities to create value for our investors while bringing Cedarhurst’s best-in-class resident care programs to an even greater number of seniors.

To streamline the process of raising and deploying capital for acquisitions, Dover Capital launched its first fund in 2019. Following the success of this fund, Dover Capital launched its second fund in 2022, focused solely on development. In 2025, Dover Capital launched its third fund with a focus on both acquisitions and new development of private pay seniors housing communities.

By leveraging the collective knowledge and experience of our developers, operators, construction professionals and healthcare providers, we are uniquely positioned to identify and execute on value creation opportunities, while delivering first class service to our residents.