Michael Damone

Background

About Michael Damone

Mr. Damone is currently President of Cedarbrook Senior Living and The Damone Group, a nationally acclaimed real estate development and construction company Mr. Damone has 25 years of experience in the real estate development and construction industry, including 23 years in the assisted living industry. In his time as President of the Damone Group, he has developed and constructed approximately 120 assisted living communities located in 19 states, with a total value in excess of $220 million. The Damone Group is also one of the nation's largest developers of affordable senior housing. In 2007, Mr. Damone formed Cranbrook Senior Living (now known as Cedarbrook Senior Living), along with his partner Bob Mercer. The two of them teamed up to develop/acquire/renovate assisted living buildings in major metropolitan markets. To date, they have since acquired, renovated and sold two buildings in California and Colorado, as well as facilitated the successful acquisition of a $110 million, 6 building portfolio, on the east coast. In 2013, they broke ground on Cedarbrook of Bloomfield Hills, a square foot Continuing Care Retirement Community (CCRC) featuring 142 apartments of Independent Living, Assisted Living, Memory Care and Skilled Nursing. This premier, full-service retirement community is scheduled to open in the Fall 2015. Cedarbrook began construction on a new Class A retirement community in Northville, Michigan in August, 2015 and plans to begin construction on another community in Summer 2016. Mr. Damone holds a BA in Accounting from Michigan State University. He is active in several civic and charitable organizations in the Metropolitan Detroit area and is a licensed builder in the State of California and Michigan.