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Bridge Seniors Housing to buy Somerby Senior Living Services

  • Region:

    United States of America

  • Sector:

    Real Estate

  • Deal Size:

  • Buy Side Company:

    Bridge Investment Group Partners, LLC
  • Sell Side Company:

    Somerby Senior Living Services, LLC
  • Target Company:

US-based Bridge Seniors Housing Fund Manager LLC has announced its acquisition of Somerby Senior Living Services, LLC. Financial terms of the transaction were not announced. The transaction allows control of a nine-property portfolio of seniors housing assets that were 94 percent occupied at the time of transaction. Bridge Seniors Housing Fund Manager LLC is an investor in seniors housing and medical property assets. Based in Birmingham, Alabama, Somerby Senior Living Services, LLC is a provider of continuing care retirement community management services to institutional real estate investors.

Tags:

Commercial Real estate deals,Real estate deals,Commercial real estate,Real estate,Senior Housing