Byron DeFoor Net Worth 2026: Healthcare, Hotels and Banking
Byron DeFoor is a Chattanooga investor in nursing homes, healthcare lending, hotels and banking. No reputable outlet has published his net worth.
- Full name
- Byron DeFoor
- Profession
- Healthcare investor, developer, co-founder of Contemporary Healthcare Capital
- Birthplace
- Chattanooga, Tennessee, U.S.
- Nationality
- American
- Source of wealth
- Nursing homes, healthcare lending, hotels, banking, real estate
In this article
No reputable outlet has published a net worth estimate for Byron DeFoor. Earlier versions of this page gave $2.38 million and $2.8 million with no source, and we have removed both. The documented picture is of a Chattanooga businessman with stakes across several industries: nursing homes through Grace Healthcare, healthcare lending through Contemporary Healthcare Capital, a family hotel company, and majority control of Millennium Bank.
What is Byron DeFoor's net worth?
There is no published figure from Forbes, Bloomberg or any business journal. His companies are private, so their value, profits and debt are not disclosed. The range of his holdings suggests the old $2 million-range numbers were far too low, but we will not replace one guess with another. Until an outlet publishes an estimate with a method, his net worth is best described as not public.
Where the money comes from
Nursing homes and senior living
According to Contemporary Healthcare Capital's team page, DeFoor began investing in skilled nursing facilities in the mid-1990s and today holds ownership interests in homes across the United States. His largest stake is in Grace Healthcare, LLC, which he formed with John P. O'Brien Jr. in 1999; the firm says Grace runs more than 30 skilled nursing facilities. Vero News reported that in 2016 he developed Renaissance Senior Living of Vero Beach, Florida, and that he owns the neighboring Grace Rehabilitation Center of Vero Beach.
Healthcare lending
DeFoor is co-founder and manager of Contemporary Healthcare Capital, a Chattanooga firm that lends to healthcare projects. The company lists a run of funds he founded: Contemporary Healthcare Fund I (2006), Fund II (2007), a construction fund (2008) and a senior lien fund with O'Brien (2011).
Real estate development
His company biography says he founded DeFoor Development, Inc. in 1976 to build and run shopping centers, office buildings and retirement communities. He is also listed as a director or officer of Sunland Associates and Catoosa Investments & Associates.
Hotels
Vero News reported that DeFoor and his family own and manage hotels in Chattanooga, North Carolina and Vero Beach through DeFoor Hospitality Group. In 2021 he paid $2.8 million for The Island Inn, a 16-room motel on Ocean Drive in Vero Beach. DeFoor Hospitality Group says it runs five hotels with 914 guest rooms and 225,000 square feet of event space in Chattanooga's West Village.
Banking
DeFoor bought a majority interest in Chattanooga's Community Bank and Trust in 2010, helped recapitalize it, and renamed it Millennium Bank in 2016, according to Vero News. In 2020 Millennium acquired Columbia Bank of Lake City, Florida. The bank has six branches in Chattanooga and five in north and central Florida. He is also a shareholder in the Bank of Commerce in Sarasota.
Career timeline
| Year | Event |
|---|---|
| 1976 | Founded DeFoor Development, Inc. |
| Mid-1990s | Began investing in skilled nursing facilities |
| 1999 | Formed Grace Healthcare with John P. O'Brien Jr. |
| 2006-2011 | Launched four Contemporary Healthcare funds |
| 2010 | Took majority control of Community Bank and Trust |
| 2012 | Fifty Plus Racing team debuted at the Rolex 24 at Daytona |
| 2015-2017 | Chairman of the Indian River County Economic Development Council |
| 2016 | Renamed the bank Millennium Bank; opened Renaissance Senior Living of Vero Beach |
| 2020 | Millennium Bank acquired Columbia Bank |
| 2021 | Bought The Island Inn, Vero Beach, for $2.8 million |
| 2023 | An LLC tied to him paid $5.1 million for the former Fidelity building on Vero Beach's barrier island |
Recent news (2026)
In May 2026 Vero News reported that the former Fidelity Investments building at Beachland Boulevard and Cardinal Drive, which a DeFoor-linked LLC bought in 2023 along with the post office building and just over half an acre, was being refitted as a Millennium Bank branch. The bank had not given an opening date.
Racing and the Chattanooga Motorcar Festival
DeFoor is also a racer. With AC/DC singer Brian Johnson and other drivers over 50, he started the Fifty Plus Racing Foundation to raise money for Alzheimer's research, according to Contemporary Capital; the team raced at Daytona from 2012 to 2016. A local TV report from WRCB described him as a Chattanooga native driving a BMW-powered Riley prototype in the Rolex 24. He later founded the Chattanooga Motorcar Festival, whose proceeds support neuroscience research through the Fifty Plus Foundation, Old Cars Weekly reported.
Education
His company biography says he graduated from Georgia-Cumberland Academy and Southern Adventist University, with a concentration in business and long-term care. The claim on older versions of this page that he also earned a master's degree could not be verified and has been removed.
Family
Vero News says he and his family own the hotel business. We found no reliable source naming his wife, so the name given on older versions of this page has been removed.
Net worth compared
For other business owners on this site, see Byron Carlock, Calvin Ford and Brandon Haley. None has a published figure that allows a fair comparison.
How this page was checked
We rebuilt this page in September 2026 using the company's own biography, Vero News, his hotel group's site and local press. We removed two conflicting net worth figures, an income table that did not add up, an invented childhood story, age, height, weight and a contact section.
Frequently asked questions
What is Byron DeFoor's net worth?
No reputable outlet has published a net worth estimate for Byron DeFoor. His wealth is spread across private companies: Grace Healthcare nursing homes, Contemporary Healthcare Capital, DeFoor Hospitality Group hotels and a majority stake in Millennium Bank. Figures of $2.38 million or $2.8 million seen online have no source.
How old is Byron DeFoor?
His birth date is not public. His company biography says he founded DeFoor Development, Inc. in 1976, which means he has been in business for about five decades. Ages given on profile sites have no source.
How tall is Byron DeFoor and how much does he weigh?
No reliable source reports his height or weight. The figures on older versions of this page had no source and were removed. What is documented is his business career in healthcare, banking, hotels and property in Tennessee and Florida.
Who is Byron DeFoor's wife?
We found no reliable source naming his wife. Vero News reported in 2026 that he and his family own and run DeFoor Hospitality Group, but did not name family members. The spouse name on older versions of this page could not be verified.
What is Byron DeFoor's yearly income?
His income has never been published. His companies are privately held and do not disclose profits or owner pay. The income table on older versions of this page had no source and its numbers did not add up, so it was removed.
What bank does Byron DeFoor own?
DeFoor took a majority stake in Chattanooga's Community Bank and Trust in 2010 and renamed it Millennium Bank in 2016. The bank bought Florida's Columbia Bank in 2020 and has branches in Chattanooga and north and central Florida, Vero News reported.
Sources
- Contemporary Healthcare Capital: https://www.contemporarycapital.com/about/the-team/
- Vero News: https://veronews.com/2026/05/07/islands-banking-community-will-get-a-new-player/
- DeFoor Hospitality Group: https://www.defoorhospitalitygroup.com/
- Old Cars Weekly: https://www.oldcarsweekly.com/news/rare-ferrari-nart-spyder-wins-best-of-show-honors-at-the-chattanooga-motorcar-festival
- WRCB Local 3 News: https://www.local3news.com/local-racer-in-rolex-24-at-daytona/article_d84175f7-e6d5-55ba-822f-6d90710ba12b.html
