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1031 Crowdfunding Announces Senior Living-Focused Bridge Fund III

1031 Crowdfunding, a real estate investing platform and sponsor of Delaware statutory trusts concentrated in the senior housing sector, launched 1031CF Bridge Fund III, a private placement finance fund with a value-add component that targets commercial real estate assets in the senior living space.

The company did not disclose the targeted equity raise for the fund but did share that accredited investors can make an initial investment with as little as $25,000.

According to 1031 Crowdfunding, its experience in sponsoring 14 real estate programs and managing 15 senior housing facilities makes the company well-equipped to pursue opportunistic acquisitions.

With Bridge Fund III, 1031 Crowdfunding seeks to capitalize on the growing demand for assisted living and memory-care facilities to accommodate the aging population nationwide.

“We are excited to introduce Bridge Fund III as part of our ongoing effort to deliver value and growth opportunities to our investors,” said Edward Fernandez, president and chief executive officer of 1031 Crowdfunding. “The senior housing asset class presents unique opportunities to address the increasing demand for these facilities as the baby boomer generation, the second largest [generation] in the [United States], continues to age.”

Bridge Fund III will focus on financing value-add, currently undervalued and undercapitalized, or otherwise underperforming commercial real estate assets in the senior housing space, and to bridge such assets to their potential through efficient management, improved leasing and occupancy rates, revenue enhancing expenditures, and cost controls.

“As the senior housing market continues to evolve, we are committed to delivering exceptional investment opportunities while making a positive impact on the communities we serve,” added Fernandez.

For more 1031 Crowdfunding news, please visit their directory page.