22 July 2014 / Global real estate, Spire news

Bridge Investment Group Partners’ $41 Million First Round Close for its Senior Housing Family of Funds

SALT LAKE CITY, January 13, 2014 – Bridge Investment Group Partners, LLC (“Bridge-IGP”), in conjunction with its affiliate, ROC Seniors Housing Fund Manager, LLC (“Seniors IM”), announced today that it has raised $41 million in equity commitments for its seniors housing and medical properties family of funds. SALT LAKE CITY, January 13, 2014 – Bridge Investment Group Partners, LLC (“Bridge-IGP”), in conjunction with its affiliate, ROC Seniors Housing Fund Manager, LLC (“Seniors IM”), announced today that it has raised $41 million in equity commitments for its seniors housing and medical properties family of funds. SALT LAKE CITY, January 13, 2014 – Bridge Investment Group Partners, LLC (“Bridge-IGP”)

SALT LAKE CITY, January 13, 2014 – Bridge Investment Group Partners, LLC (“Bridge-IGP”), in conjunction with its affiliate, ROC Seniors Housing Fund Manager, LLC (“Seniors IM”), announced today that it has raised $41 million in equity commitments for its seniors housing and medical properties family of funds.

Bridge-IGP Chairman Robert Morse said “We are pleased to have completed our first close soon after the fund was launched last November. This initial capital will enable us to close the acquisition of several properties we have under contract. We have a growing pipeline of additional opportunities with outstanding acquisition metrics, offering high current yield and strong projected capital appreciation. We have been fortunate to earn the trust of many leading investors as we focus on a growing market demand for quality seniors housing and medical property assets.”

Robb Chapin, CEO of Seniors IM elaborated “It is an exciting time to be in this space. Bringing together the capital and our experienced operating capabilities creates a compelling opportunity for our investors. The Seniors IM team’s acquisition pipeline is filling up fast and we expect to target and acquire assets each and every month for the next few years.”

Media Contact:

Dean Allara, COO and MD, Capital Markets
+1 (801) 716-5761
d.allara@bridge-igp.com
Website: www.bridge-igp.com

About Bridge Investment Group Partners, LLC and ROC Seniors Housing Fund Manager, LLC

ROC Seniors Housing Fund Manager, LLC (“Seniors IM”) is a fund manager for a family of private funds that focus on investments in seniors housing and medical office facilities, whose principals have more than 20 years of success in the seniors housing and medical office sectors. Seniors IM is a newly formed entity, however the principals have served as senior executives at real estate investment companies acquiring over $4 billion in assets and have advised or acted as intermediary for approximately $480 million in seniors housing transactions. Seniors IM is an affiliate of a registered investment adviser firm named Bridge Investment Group Partners, LLC (“Bridge-IGP”). Bridge-IGP and Seniors IM function as an integrated investment adviser under the Investment Advisers Act of 1940. Bridge-IGP has approximately $1.5 billion of assets under management and with its affiliates manage more than 26,000 apartment units in 15 states and more than 2 million square feet of commercial office property, employ over 850 people, and are headquartered in Salt Lake City, Utah.