Bridge Investment Group Holdings has launched a $75 million program to acquire, develop, and operate needs-based senior housing assets within the United States.
As part of the venture, StepStone Real Estate (SRE) co-invested in an existing portfolio managed by Bridge and intends to help build the platform by co-investing in other senior housing assets identified by Bridge in the future.
"Bridge's partnership with StepStone represents a strategic milestone as we continue to expand our needs-based seniors housing strategy," Robb Chapin, Chief Executive Officer and Co-Chief Investment Officer for Bridge's Seniors Housing vertical, said in prepared remarks.
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