trending Market Intelligence /marketintelligence/en/news-insights/trending/xpo8VCwa7G4b8Mdae8jLrQ2 content esgSubNav
In This List

Bridge Investment affiliate acquires seniors housing operator Somerby

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Bridge Investment affiliate acquires seniors housing operator Somerby

An affiliate of private real estate investment management firm Bridge Investment Group acquired seniors housing operator Somerby Senior Living Services for an undisclosed sum.

Bridge Seniors Housing Fund Manager LLC also purchased a nine-property portfolio of class-A seniors housing assets in southeastern U.S. markets.

Somerby's David Grady will continue to lead the company post-acquisition, Bridge Investment said in a release.

Somerby has 20 corporate-level employees and more than 1,350 property-level employees. The properties managed by the company are more than 94% occupied.