It’s been a busy 2015 for ROC Seniors Housing Fund Manager, which is part of Salt Lake City-based Bridge Investment Group Advisors. So far this year, ROC has acquired 21 senior living communities in nine different states, totaling 2,247 units, coming on the heels of a 14-property, $230 million-deal announced in September 2014. Not all of the 2015 transactions had revealed prices, but the price per units ranged from $77,700 per unit for a 345-unit senior living community in Glendale, Arizona, up to $246,700 per unit for a portfolio of 4 assisted living communities in Texas.
The most recent transaction, announced last week, was the purchase of 14 senior living properties (with 1,038 units of independent living, assisted living and memory care) from a joint venture between Iron Point Partners and Meridian Senior Living. In addition, ROC agreed to purchase a 46-unit asset in Ohio that will close at a later date. Meridian will stay on as manager, and HFF represented the seller in the transaction.
