Bridge Investment Group deploys $619m in workforce & affordable housing strategy

Bridge Investment Group has plans to deploy $619 million of capital for its Workforce & Affordable Housing Strategy in more than 8,000 units across the United States. Designed to create and preserve affordable housing communities for America’s workforce, the strategy conserves and rehabilitates affordable housing stock while providing attractive risk-adjusted market returns and stable, secure cash flows.

“Bridge has targeted submarkets across the United States with accelerated population and job growth, where quality affordable housing is in short, diminishing supply,” said Danuel Stanger, partner and vice chairman of Bridge and co-CIO of Bridge’s workforce & affordable housing strategy. “Our team has deployed capital in 21 assets in 16 markets and is continually focused on a socially responsible approach to investing in this space. This success marks another milestone on our journey to provide communities with access to ample and quality affordable housing.