1031 Crowdfunding, a real estate investing platform and leading sponsor of Delaware Statutory Trusts (DSTs) concentrated in the senior housing sector, has launched of 1031CF Bridge Fund III, a finance fund with a value add component that targets commercial real estate assets in the senior living space. 1031 CF’s experience in sponsoring 14 real estate programs and managing 15 senior housing facilities makes the company well-equipped to pursue opportunistic acquisitions.
Bridge Fund III represents a strategic move by 1031 Crowdfunding 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 CEO 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 in the U.S., continues to age.”
Bridge Fund III will focus on financing value-add, 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.
