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NEW YORK CITY — Bridge Investment Group Partners and its subsidiary ROC Seniors Housing Fund Manager have announced a new initiative to invest more than $2 billion in independent living, assisted living and memory care assets in the United States.
The companies will seek markets with favorable long-term demographics and high demand for seniors housing. The companies traditional acquire assets with value-add opportunities, where renovations or operational improvements could increase the occupancy and revenue.
“Our strategy centers on finding opportunities to increase NOI using time-tested best practices,” says Phil Anderson, chief investment officer of ROC Seniors.