Bridge Investment Group Announces Acquisition Of Boston-Area Workforce & Affordable Housing Portfolio; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Bridge Investment Group Holdings Inc. (NYSE:BRDG) has announced the acquisition of a six-property portfolio of Workforce & Affordable Housing properties in the Greater Boston area, comprising 1,722 residential units. The financial terms of the deal were not disclosed. The acquisition expands Bridge's Workforce & Affordable Housing geography into another major market.
August 08, 2023 | 4:17 pm
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Bridge Investment Group's acquisition of a six-property portfolio in the Greater Boston area expands its footprint in the Workforce & Affordable Housing market. The financial terms of the deal were not disclosed.
The acquisition of the six-property portfolio in the Greater Boston area is a strategic move for Bridge Investment Group, expanding its presence in the Workforce & Affordable Housing market. This could potentially increase the company's revenue and profitability in the future, which is likely to have a positive impact on its stock price in the short term.
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