Lenders in the senior housing space are becoming increasingly active and confident, but the Covid-19 pandemic is still affecting the debt markets in some significant and unusual ways. For instance, the relationship between loan-to-value (LTV) and debt service coverage is “kind of out of whack,” Steven Schmidt, national director and production manager for seniors housing […]
Bridge Seniors Housing Fund
Senior living providers that are waiting for an influx of aging baby boomers to solve current industry headwinds and operational challenges are setting themselves up for failure. Instead, providers need to be pushing to innovate and create “unique and differentiated” housing options that will appeal to future consumers, according to Robb Chapin, partner and CEO, […]
Having recently acquired an operating company, private equity firm Bridge Investment Group also plans to expand its portfolio of senior housing communities managed by third parties — although current high M&A prices are a concern. “We’ve seen pricing continue to get richer and richer and it is very concerning to us,” Bridge Seniors Housing Fund […]
Orlando, Florida-based Bridge Investment Group expanded its senior housing portfolio earlier this week with the acquisition of both the real estate and operations of Somerby Senior Living. The acquisition was completed through Bridge Seniors Housing Fund Manager, a $1 billion fund Bridge raised last year. Prior to the deal, Birmingham, Alabama-based Somerby owned and operated […]
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