NEW YORK, NY Oct 3, 2016 –Bridge Investment Group Partners, LLC (“Bridge-IGP”) in conjunction with its subsidiary, ROC Seniors Housing Fund Manager, LLC (“ROC Seniors”), announced today the launch a new initiative to invest in selected seniors housing and medical properties assets. Continuing the successful performance of the predecessor initiative, ROC Seniors will focus primarily on independent living, assisted living, and memory care investments in markets with favorable long-term demographics and a demonstrated need for the quality services provided by ROC Seniors and its partner managers.
“We continue to source attractive value-add opportunities in the fragmented seniors housing sector that fit well with our strategy of modernization, technological updating and the implementation of state of the art, caring service and accommodation for our growing US senior citizen population,” said Phil Anderson, Chief Investment Officer of ROC Seniors. “Our strategy centers on finding opportunities to increase NOI, using time-tested best practices to drive alpha at the asset level. We believe our focus on active asset management, granular understanding of the micro markets we invest in, and multi-cycle investment experience in this sector will allow us to capitalize on numerous opportunities.”
Robert Morse, Chairman of Bridge-IGP, commented, “Bridge-IGP and its affiliates have a strong reputation and track record of investing in the seniors housing sector. Our longstanding relationships with quality operating partners coupled with the nationwide asset and property management capabilities of Bridge-IGP and its affiliates differentiate our approach from many other managers. We are deeply committed to offering affordable, high quality care and services to our seniors residents, and consistently strive to provide industry best practices, and more, at an affordable cost to our seniors housing residents.”
About ROC Seniors Fund Manager, LLC (“ROC Seniors”)
ROC Seniors’ executive management team averages 20 years of experience in the seniors housing sector and is supported by a team of 27 professionals. Since 1997, senior members of the team developed, acquired, and managed approximately 350 properties and completed over $7 billion senior housing transactions across the U.S. in prior ventures. Members of the team were instrumental in building, managing and disposing of a seniors housing portfolio that was sold to Health Care Property Investors (NYSE: HCP) in 2006 for $5.2 billion. ROC Seniors leverages the expertise of the nationwide asset and property management teams of Bridge-IGP and its affiliates to conduct intensive due diligence, which complement the capital markets capabilities of the investment team.
About Bridge Investment Group Partners (“Bridge-IGP”)
Bridge-IGP is a SEC-registered investment adviser with $6.7 billion AUM. The principals have 25 years of successful investing experience in the multifamily, commercial office, seniors housing and CRE-backed fixed income sectors. Bridge-IGP manages private equity funds, separately managed accounts, co-investments, and joint ventures. A vertically-integrated real estate platform, Bridge-IGP and its affiliates collectively employ over 1,000 people and manage assets across 22 states and over 50 metropolitan statistical areas.