Apollo To Acquire Bridge Investment Group In Deal Valued At $1.5b

Apollo (NYSE: Apollo) has entered into a definitive agreement to acquire Bridge Investment Group–a company that has a diversified real estate portfolio and is among the largest owners of senior housing in the United States–in an all-stock transaction with an equity value of approximately $1.5 billion.

“Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform,” a press release announcing the deal stated.

About 6% of Bridge’s fee-earning AUM came from seniors housing as of Dec. 31, 2024, according to a Bridge company presentation.

With 62 properties, Bridge Investment Group ranked No. 21 on the 2024 American Seniors Housing Association (ASHA) list of largest senior housing owners. Bridge ranked as the 50th-largest operator on this list, with 33 properties.

Bridge will operate as a standalone platform in Apollo’s asset management business and will retain its current management team and brand, according to the press release announcing the transaction.

Apollo is a global asset manager that as of Dec. 31, 2024, had about $751 billion of assets under management.

This is a developing story and will be updated.

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