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Bridge Investment Group, StepStone Real Estate Announce $75M Co-Investment Venture

SALT LAKE CITY — Bridge Investment Group Holdings Inc. (NYSE: BRDG) has launched a $75 million program to acquire, develop and operate needs-based seniors housing assets within the United States.

As part of the venture, StepStone Real Estate co-invested in an existing portfolio managed by Salt Lake City-based Bridge and intends to help build the platform by co-investing in other seniors housing assets identified by Bridge in the future.

“Bridge’s partnership with StepStone represents a strategic milestone as we continue to expand our needs-based seniors housing strategy,” says Robb Chapin, CEO and co-chief investment officer for Bridge’s seniors housing vertical.

The post Bridge Investment Group, StepStone Real Estate Announce $75M Co-Investment Venture appeared first on Seniors Housing Business.

Source: Senior Housing Business

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