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Investment Firm

Specializing in Commercial Real Estate and Entrepreneurial Ventures


about us


Modalia Capital is the private investment arm of the Vucich family. Modalia’s history dates to the 1950’s, when we began developing skilled nursing properties in the Chicagoland area. As the family grew, so did the scope of our investments. In addition to senior living, we have been involved in the development and acquisition of single-family homes, office buildings, retail space, and hotels. We are proud to say that our family company is now in its 3rd generation of leadership and based in the Washington, D.C. area. 


Entrepreneurial Attitude, Self-Capitalization, and Tenured Industry Experience are the fundamental pillars upon which Modalia Capital is built. The approach to investments is twofold: transformative and full-circle. We seek undervalued assets with potential for improvement and then play a role in overseeing all stages of the deal from start to finish. Given our lean structure and complete self-capitalization, Modalia can act quickly when an opportunity is found. With over 60 years of family knowledge, we hold extensive experience in the acquisition, development, and management of properties across numerous asset classes.

The team at Modalia prides itself on finding opportunities that other investors often overlook. We currently target senior living and market-rate multifamily development and acquisition opportunities in Mid-Atlantic and Southeast with a $10M-$50M price point, but other asset types are considered on a case-by-case basis.

The Family

Joseph R. Vucich – The 1st Generation


Joseph R. became involved in skilled nursing in 1952. He proudly served as a sergeant in World War II, and he was honored with 2 Bronze Stars and a Purple Heart for action during the Battle of the Bulge. Upon his return, Joe started building single family homes in Chicagoland. When he learned about the new skilled nursing industry, he decided to jump in ˗ in true mom-and-pop style. In his first building, Joe lived on the 3rd floor with his wife and kids (including Joseph L.) and took care of the residents living on the floors below. After several years of learning the space and making industry connections, he developed his first “institutional” facility in Racine, WI. Over the years, operations expanded throughout the Midwest and gradually moved east towards Washington, DC, where the family is still active.

Joseph L. Vucich – The 2nd Generation


Joseph L. grew up in the family business working on construction sites, leasing properties, and learning operations. Since the 1970’s, he has overseen the development, management, and acted as general contractor for 740 skilled nursing beds and 140 assisted living beds. In addition to senior living, he developed and self-leased a 33,000 square foot office building, and he built multiple high-end single-family homes. Today, he oversees the management of the entire family operation.

Lois L. Vucich – The 2nd Generation

Lois oversees the daily decisions of Modalia's current and future projects. She also manages the architectural, interior, and landscape design for new acquisitions as well as renovations of current holdings. 

Derek R. Vucich – The 3rd Generation

Derek is in charge of expanding the family’s current holdings. This includes finding new acquisition and development opportunities as well as formulating the proper capital structures for the family’s existing properties. Derek is also tasked with overseeing Vierra Communities, the senior living operating platform for the family. 

Bryant J. Vucich – The 3rd Generation

Bryant assists both Derek and Lois with daily tasks of Modalia Capital.  He is also actively looking for future acquisitions for the company as well as helping manage the procurement of products and services for current and future holdings.




ASSET TYPE: Senior Living (IL, AL, SNF, or any combination), Market-Rate Multifamily
LOCATION: Premier Locations in Maryland, Virginia, North Carolina, and Florida
Other locations in the Southeast are considered on a case-by-case basis
ASSET CONDITION: Stabilized or Light Value-Add, 1990's Construction or Newer Preferred
ASSET SIZE: 75+ Beds/Units
DEAL TYPE:  Development or Acquisition
Business Acquisitions: Home Services & Healthcare fields



5.47 acres in Juno Beach, FL. Proposed development includes up to 90 condominiums, a 120 bed assisted living & memory care community, and 8,000 SF of retail.

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Vierra Falls Church
- Operating -
Skilled Nursing
160 Beds

2100 Powhatan Street

Falls Church, VA 22043

1101 US Highway One

Juno Beach, FL 33048

701 Glenwood
- Redevelopment  -
.33 Acres

701 Glenwood Avenue

Raleigh, NC 27605

504 Hillsborough
- Future Development -
Mixed Use
.19 Acres

504 Hillsborough Street

Raleigh, NC 27605

Carriage Hill of Bethesda
- Operating -
Skilled Nursing 
108 Beds

5215 West Cedar Lane

Bethesda, MD 20814

Regency Care of Arlington
- Leased -
Skilled Nursing
240 Beds

1785 S. Hayes Street

Arlington, VA 22202

Regency Care of Silver Spring
- Leased -
Skilled Nursing
92 Beds

9101 2nd Avenue

Silver Spring, MD 20910

Potomac - Sold
Assisted Living
140 Beds

11215 Seven Locks Road

Potomac, MD 20854

320 Busse 
Flex Space
10,000 Sq Ft
36 Main Street - Sold
6,000 Sq Ft
Carriage Hill of Indianapolis - Sold
Skilled Nursing
222 Beds
1950 86th Street - Sold
33,000 Sq Ft

320 Busse Highway

Park Ridge, IL 60068

36 Main Street

Park Ridge, IL 60068

2002 W. 86th Street

Indianapolis, IN 46260

1950 W. 86th Street

Indianapolis, IN 46420

Westview Nursing Home - Sold 
Skilled Nursing
220 Beds
Ft. Wayne Nursing Center - Sold
Skilled Nursing 
100 Beds
Parkview Nursing Home - Sold
Skilled Nursing
70 Beds
Greenwood Avenue Nursing Home - Sold
Skilled Nursing
143 Beds

1600 Ohio Street

Racine, WI 53405

2940 N. Clinton Street

Fort Wayne, IN 46805

1911 27th Street

Zion, IL 60099

9777 Greenwood Avenue

Niles, IL 60714

1633 E. 74th Street

Chicago, IL 60649

Kimbark Nursing Home - Sold
Skilled Nursing
52 Beds

6132 S. Kimbark Avenue

Chicago, IL 60637

Marco Island Hardware - Sold
10,000 Sq Ft
Hilton Mall of America - Sold
300 Keys

1720 San Marco Road

Marco Island, FL 34145

One Juno
- Future Development -
Mixed Use 
5.47 Acres
74th Street Nursing Home - Sold
Skilled Nursing
44 Beds

3800 American Blvd. E

Bloomington, MN 55425

2510 Hillsborough
- Future Development -
.19 Acres

2510 Hillsborough Street

Raleigh, NC 27607

Other ventures



Vierra Communities is the platform for Modalia Capital. Vierra currently operates 268 skilled nursing beds, and has specialized in the management and operations of senior living and skilled nursing facilities since 1952. 


Modalia Freight is a fast-growing, entrepreneurial start-up backed by Modalia Capital. Modalia Freight is a premier provider of 3rd party logistics solutions for companies around the United States. Modalia Freight specializes in over-the-road shipping via flatbeds, dry-vans, and reefers; the company also provides creative solutions via the heavy-haul and LTL departments.




5215 W. Cedar Lane Bethesda, MD 20814

Tel:  919-439-0695


For any general inquiries, please fill in the following contact form:

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