David Freshwater

Ever since he and his brother started a garage band in junior high school, David has been a consummate entrepreneur. With an undergraduate degree in environmental design (architecture) from Miami University and a graduate degree in finance from the University of Arizona, David finally found his niche in senior housing when he founded The Fountains in 1985.

Based in Tucson, Arizona, The Fountains was engaged in development, acquisition, ownership and management of a variety of companies that provided housing, hospitality and health care to mature adults. Twenty years after creating The Fountains brand and business with virtually no capital investment of his own he sold the venture to a publicly traded company in June of 2005 for approximately $500 million dollars.  David is recognized in the senior living industry especially for his innovative vision, solid management track record, financial strength, and long term growth strategy.

A member of ASHA since 1992, David is currently on the Executive Board of that organization which serves as an industry think-tank, plotting the future direction of seniors’ housing.