Bridge Investment Group has expanded its US workforce and affordable housing portfolio into the Greater Boston area with the acquisition of 1,722 residential units.
Bridge said a fund managed by its affiliate Bridge Multifamily Fund Manager acquired the six-property portfolio for an undisclosed amount.
Rachel Diller, the CIO of Bridge’s workforce and affordable housing strategy, said the acquisition expands the firm’s workforce and affordable housing geography “into another attractive major market”.
Diller added: “The portfolio consists of assets within four high-barrier-to-entry counties in the Greater Boston area, offering convenient access to major transportation arteries. Our commitment to preserving and rehabilitating housing for America’s workforce remains strong.
“We will provide social and community programming that focuses on the education, health and financial wellness of our residents.”
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