The Birmingham-based Somerby Senior Living Services, and its nine-property portfolio, has been acquired by the New York City- based, Bridge Seniors Housing Fund Manager LLC, an affiliate of the Bridge Investment Group.
Financial terms of the deal were not disclosed.
David Grady, president of Somerby, will continue to lead the company post-acquisition. Somerby currently has 20 corporate-level employees and over 1,350 property-level employees. Somerby properties are also at 94 percent occupation,…
