Cedarwood Group Announces Acquisition of Saranac Village at Will Rogers

Historic Adirondack Senior Living Community Acquired from Kaplan Development Group in Transaction Closed April 24, 2026

Saranac Lake, NY - May 10, 2026 - Cedarwood Group announced today the successful acquisition of Saranac Village at Will Rogers from Kaplan Development Group. The transaction officially closed on April 24, 2026 and marks another major milestone in Cedarwood Group's continued national expansion across the senior housing and real estate sectors.

Originally developed on the historic grounds associated with the legendary Will Rogers memorial campus, Saranac Village at Will Rogers has long stood as one of the Adirondack region's most recognized and respected senior living communities. The property carries a unique legacy rooted in history, hospitality, and community service.

The iconic campus traces its origins to the 1930s, when friends and supporters of Will Rogers came together following his untimely death to establish a memorial honoring his life and enduring connection to Saranac Lake. Over the decades, the property evolved into a beloved residential community for seniors while maintaining the architectural character and spirit that have made it a landmark destination in the North Country.

For Cedarwood Group, the acquisition represents far more than a real estate transaction - it reflects the firm's strategy of acquiring irreplaceable assets with strong historical significance and long-term community value.

"We are incredibly honored to become the next stewards of Saranac Village at Will Rogers," said Meyer Futersak, Chief Executive Officer of Cedarwood Group. "This property represents a rare combination of history, character, and community importance that simply cannot be replicated. The legacy of Will Rogers and the deep roots this community has within Saranac Lake make this an extraordinarily meaningful acquisition for our firm."

Futersak added, "As Cedarwood Group continues to grow at a rapid pace, our focus remains on acquiring high-quality, institutionally significant assets where we can create long-term value while preserving the integrity and identity of each property. We believe Saranac Village at Will Rogers perfectly embodies that philosophy."

Over the past several years, Cedarwood Group has experienced substantial growth, expanding its portfolio across multiple asset classes throughout the United States. The New York-based boutique investment firm has developed a reputation for identifying unique opportunities in senior housing, hospitality, multifamily, retail, industrial, and land development.

The acquisition of Saranac Village at Will Rogers further strengthens Cedarwood Group's presence in the senior housing sector, which the firm views as a long-term strategic priority amid increasing demand for quality senior living communities nationwide.

Cedarwood Group confirmed that community operations will continue uninterrupted and emphasized its commitment to residents, families, and staff throughout the transition process. The firm also plans to make thoughtful investments into the property while preserving the historic charm and community atmosphere that have defined the campus for generations.

"We have tremendous respect for what has been built here over many decades," Futersak said. "Our goal is to thoughtfully enhance the community while preserving the history, culture, and warmth that make Will Rogers such a special place for residents and families alike."

Cedarwood Group also expressed appreciation to Kaplan Development Group for its stewardship of the property and professionalism throughout the acquisition process.

78 Will Rogers Drive Saranac Lake NY

About Cedarwood Group

Cedarwood Group is a boutique investment firm based in New York with a broad range of asset ownership across multiple sectors, including senior housing, hospitality, multifamily, retail, industrial, and land development. The firm focuses on strategic acquisitions, operational excellence, and long-term value creation through hands-on ownership and management. Cedarwood Group continues to rapidly expand its national footprint through the acquisition of high-quality and historically significant assets in dynamic markets throughout the United States.

This release was published on openPR.