Bridge Investment Group Partners, LLC (“Bridge-IGP”), in conjunction with its subsidiary, ROC Seniors Housing Fund Manager, LLC (“Seniors IM”), has raised an additional $137 million in equity commitments, which now total approximately $450 million. These commitments are designated specifically for acquisitions in the U.S. seniors housing and medical property real estate markets.
Bridge-IGP Chairman Robert Morse said, “We want to thank our investors for their confidence in our ability to invest productively in the seniors housing and medical properties sectors. Including acquisitions made in 2014 and expected acquisitions for Q1 2015, we will have acquired approximately $390 million of attractive assets and have a strong pipeline of potential additional assets as well. Our objectives are to provide high current income and capital appreciation by acquiring and optimizing properties through capital investment and resident service.”
Robb Chapin, CEO of Seniors IM, elaborated, “Nothing makes me happier than giving our team more capital to purchase, improve and add value to more senior assisted living communities. Our team takes pride in providing fun-filled, comfortable and inviting residences for our senior population. The fact that we can provide a greater quality of life for our nation’s seniors is a very rewarding outcome.”
