Press Release


Chattanooga, Tennessee – Contemporary Healthcare Capital (“CHC”) announced today the launching of its latest seniors housing dedicated loan and investment fund, Contemporary Healthcare Fund, III, L.P.  This will be CHC’s eight fund since inception in 2001 with past and current funds totaling approximately ¾ of a billion dollars. “We are thrilled to announce the commencement of our latest fund and recognize the continued confidence of our investor base, many of who have consistently invested in Contemporary-sponsored funds for over 17 years” said Chairman, Byron DeFoor. “Our team will continue to serve this industry of which we’ve all dedicated our careers”.  

With the new fund, CHC will continue to provide mezzanine, uni-tranche and A/B structures for operators of skilled nursing, assisted living, memory care and independent living. “We are excited about continuing to be able to serve our past, existing and prospective seniors housing clients that have so admirably dedicated their lives to serving our nation’s elderly”, said Director of Originations, Steve McGee. “We began actively issuing term sheets out of the newest fund in late summer and look forward to closing over the next few weeks the first new fund investments presently in our pipeline”.


Byron DeFoor, vintage race car driver, started Fifty Plus Racing Foundation with Brian Johnson, front man for the classic rock and roll band AC/DC, and a group of dedicated racers—all over the age of fifty with a passion for racing. The Fifty Plus Racing team debuted on the track in 2012 at Daytona International Speedway for its 50th Anniversary and competed for the last time in 2016 with the world’s best drivers on the demanding 3.56-mile road course. The Fifty Plus Racing Foundation raises money to support research to fight Alzheimer’s Disease and to support the families of people who are living with Alzheimer’s Disease.