1031 Crowdfunding, a real estate investing platform and sponsor of Delaware Statutory Trusts concentrated in the senior housing sector, launched 1031CF Bridge Fund III, a finance fund with a value-add component that targets commercial real estate assets in the senior living space. The fund aims to generate attractive returns for investors while positively impacting communities.

“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 Irvine-based 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.