Senior Housing News February 24, 2025
Apollo (NYSE: Apollo) has entered into a definitive agreement to acquire Bridge Investment Group–a company that has a diversified real estate portfolio and is among the largest owners of senior housing in the United States–in an all-stock transaction with an equity value of approximately $1.5 billion.
“Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform,” a press release announcing the deal stated.
About 6% of Bridge’s fee-earning AUM came from seniors housing as of...
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