3 March 2020 / Global real estate, Spire news

Bridge Investment Group Seniors Housing COVID-19 Preparations

Below is a copy of the communication received from Bridge Investment Group on 3 March 2020.

In light of recent news about the outbreak of Coronavirus Disease 2019 (COVID-19) within the United States, we write today to update you on the efforts underway at Bridge Seniors’ communities to mitigate the potential impacts of COVID-19.

According to the CDC website, COVID-19 is a novel disease that is causing viral respiratory illnesses around the world, largely through person-to-person transmissions.  Its symptoms may include fever, cough and shortness of breath.  As of the date of this correspondence, according to the CDC’s website, there are 43 confirmed and presumptive positive cases of COVID-19 within the United States.

Senior living communities serve a population that is generally more vulnerable to infection and symptoms associated with the flu, colds and other similar illnesses.  Media headlines are highlighting the COVID-19 outbreak at a Seattle-area skilled nursing facility, which has resulted in the deaths of three residents.  At this time there are no reported cases of COVID-19 at any of our owned communities.

Bridge Seniors is closely and actively monitoring this situation.  We are meaningfully engaged with and are working closely with the property managers to implement the best practices suggested by seniors housing-specific trade associations.  Specifically, we requested that all communities in the Bridge Seniors platform proactively take, among other steps, the following preparations in an effort to mitigate the potential impacts of COVID-19:

  • Enhanced staff training regarding communicable disease policies and procedures, including virus prevention and control measures;
  • Communication with staff, residents and their families as it relates to COVID-19 and the need for increased focus upon standard hygiene practices;
  • Rigorously observing precautions against the spread of infectious diseases, including enhanced sanitization of common areas and “high-germ areas” (doors, handrails, etc.);
  • Preventing those with flu like symptoms and/or those with recent travel to the highly affected areas from visiting or conducting business at the community; and
  • Securing extra supplies such as Personal Protective Equipment, hand hygiene supplies, and disinfectants.

Bridge Seniors will provide updates as meaningful changes occur.

Thank you

Investor Relations Department , Bridge Investment Group