Recent Activities

Bridge Partners Acquires $18M Student Housing Project near UC Davis

Bridge Partners Acquires $18M Student Housing Project near UC Davis

Academy Pic

Davis, CA January 28, 2015

Bridge Partners, a real estate investment company headquartered near San Francisco, recently acquired Academy Lane Apartment Homes, a rare value-add student housing property in the blue-chip market of Davis, CA. The property situated in an excellent micro-location within a short walk or bike ride to downtown Davis and the UC Davis campus. The MSA is one of the strongest multifamily markets in the United States as the university has evidenced 15% enrollment growth since 2007.

Academy Lane is Bridge Partners’ third acquisition near UC Davis in the past 2 years, bringing its market share in Davis to $55M. The acquisition of Academy Lane caps off a tremendous year of deal flow in 2014 with a total acquisition volume of $108M, including 2 land purchases, 1 development project and 6 multifamily acquisitions.

Founded in 1990, Bridge Partners specializes in the acquisition, renovation, and management of multifamily and hospitality properties nationwide. Bridge Partners has completed over 200 transactions across 23 states and over 50 domestic markets. Its existing portfolio features 6,000 units across 12 states. In its 25 year history, Bridge Partners has zero credit defaults in all of its lending channels including: Fannie Mae, Freddie Mac, HUD, CMBS, along with various balance sheet and unsecured capital products. Bridge Partners is actively seeking additional investments that fit within its business plans, as indicated by the acquisition criteria shown to the left.