ROC Senior Housing Fund Manager, LLC, a private equity real estate manager targeting income, value add and new development seniors housing investments in the US, has recently acquired or committed to acquire 14 properties in six states for approximately $230 million.
These assets provide Independent Living, Assisted Living and Memory Care facilities and services that allow residents to age in place. The communities average nine years in age with a focus on the private-pay rental model. Their locations, physical plant, amenity packages and reputation for excellent care are among the best in their respective markets.
“We are thrilled with the partnerships created with several of the best-in-class operator managers in the industry through these acquisitions. We expect our communities to flourish through enhanced residence amenities, service and care delivered by exceptional staff at each property. Each asset is strategically located in excellent markets that have favorable demand trends for sustainable future growth,” says Phil Anderson, Chief Investment Officer of ROC Seniors.
“These investments highlight our team’s industry expertise, in-depth relationships and creative financing structures which translate to excellent value,” says Robb Chapin, CEO of ROC Seniors.
The properties are financed by multiple lending sources, including Freddie Mac through a recently arranged line of credit.
ROC Seniors is a subsidiary of Bridge Investment Group Partners, LLC. (“Bridge-IGP”), a SEC registered investment advisory firm whose principals have 23 years of success investing in multi-family, commercial office, seniors housing and CRE backed fixed income sectors. Bridge-IGP purchases real property and real estate backed loans at attractive valuation and builds significant value through internal and affiliated operational expertise. Bridge-IGP has over $2 billion of assets under management and their affiliated companies also manage an additional $600 million in real estate assets.
