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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
