Straus Group

Straus Group

Daniel Straus founded the Straus Group to manage assets generated from a decades-long career in post-acute and senior care. The primary engine was CareOne, a network of nursing and assisted-living facilities concentrated in New Jersey, Massachusetts, and Virginia. In 2005, Straus co-founded Aveta, a managed-care company that grew to serve over 350,000 members before selling most of its assets to UnitedHealth Group and other buyers in a series of transactions through 2015 — including a $2.1 billion sale of Aveta's Medicare Advantage plans in Puerto Rico (per Bloomberg, 2011). The liquidity events from those healthcare exits are the publicly understood origin of the family's principal capital pool. Straus Group deploys across three observable categories: operating healthcare ventures, a concentrated real estate portfolio, and alternative assets. The real estate footprint includes the Whitney Condos at 33 East 74th Street in Manhattan and a portfolio of skilled nursing properties held through Care Realty across six states. The family's most visible non-healthcare position is a minority stake in the Memphis Grizzlies, acquired in multiple tranches starting in 2007 — a rare governance-level sports investment held by a healthcare-rooted family office. The group also maintains exposure through partnerships tied to the legacy Aveta network. Daniel Straus runs the office with his son Joseph Straus and his brother Moshael, who was an early business partner in the senior-care ventures. Joseph D. Mark, a co-founder of Aveta, serves as a principal. The office is anchored in Fort Lee, New Jersey — proximate to the CareOne operating headquarters — with no additional disclosed office locations. In 2014, Straus concluded a term on the NYU Law School Board of Trustees, a sign of the family's educational and philanthropic ties that run parallel to its investment activities through the CareOne Disaster Relief Fund and the CareOne Cancer Fund. Straus Group's structure blurs the line between an operating company and a family office — an architecture that creates sourcing advantages in healthcare real estate but limits pure-play LP comparability. The family's board-level presence on the Memphis Grizzlies and its direct control over the CareOne operating platform distinguish this office from the diversified, multi-asset-class norm. Succession is visible: Joseph and Moshael Straus are both named in the group's operational structure, making this a multi-generational concern with active family-member involvement.