Please see below for criteria for TIGER 21 Membership. There are no older and 5 younger executives at Bridge Investment. Investors: The market opportunity for being a vertically integrated real estate management firm in the U.S. is substantial, especially during a period following the COVID-19 pandemic, which may present some interesting buying opportunities for nimble investors. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson 2023 Bridge Investment Group Holdings LLC. Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. Bridge Investment Group has raised $500 million for its Opportunity Zone Fund, and will begin targeting projects nationwide. The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG stock currently worth $96,000. Bridge declared a quarterly dividend of $0.17 per share of its Class A common stock, payable on March 24, 2023 to its Class A common stockholders of record at the close of business on March 10, 2023. As Co-CIO, Mr. Tucker oversees the business activities of the vertical, including acquisitions, asset management, strategy, relationship building, capital sourcing, financing, credit underwriting, and executive oversight of the vertical. Effective as of today, this team will be led by Chief Executive Officer (CEO), Mike Sodo; Co-Chief Investment Officer (Co-CIO), Matt Tucker; and Co-CIO, Brandon Flickinger. All Rights Reserved. Bridge ended 2020 with over $25 billion of AUM. Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. 35 years experience in real estate, finance and software companies. In some cases, you can identify forward-looking statements by terms such as outlook, could, believes, expects, potential, opportunity, continues, may, will, should, over time, seeks, predicts, intends, plans, estimates, anticipates, foresees or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. Management is headed by Chief Executive Officer Jonathan Slager, who has been with the firm since its inception and has more than 35 years experience in real estate, finance and software companies. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. Moreover, the COVID-19 pandemic has further elevated the importance of private-pay seniors housing as a critical component of the US healthcare continuum, underscoring the durability, essential, and needs-based nature the of the sector. Robert R. Morse received an undergraduate degree from Yale University, an undergraduate degree from Harvard Law School and an undergraduate degree from Harvard Business School. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States. The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. The transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals. Acquisition of Newbury Partners View press release View presentation, In 2020, Bridge raised over $2 billion in capital and deployed nearly $3 billion in new assets across investment verticals. General & Administrative expenses as a percentage of total revenue have been mostly stable as revenue has increased; its General & Administrative efficiency rate rose in the most recent reporting period. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. Bridge Seniors Housing Fund Manager LLC (Bridge Seniors) believes that seniors housing is one of the most attractive segments in the US real estate market, offering significant consolidation opportunities and durable industry fundamentals. Mr Morse owns over 20,000 units of Bridge Investment stock worth over $1,009,649 and over the last 10 years he sold BRDG stock worth over $0. Most recently he exercised 20,000 units of BRDG stock worth $93,600 on 24 May 2022. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. Distributable Earnings of Bridge Investment Group Holdings LLC (the Operating Company) was $35.6 million, or $0.21 per share after-tax, for the quarter ended December 31, 2022 and $187.9 million, or $1.10 per share after-tax, for the year ended December 31, 2022. Charlotte.Morse@bridgeig.com. Bridge undertakes no duty to publicly update any forward-looking statements made herein or on the webcast/conference call or otherwise, whether as a result of new information, future developments or otherwise, except as required by law. Net Income was $124.4 million for the quarter ended June 30, 2022, compared to $83.2 million for the quarter ended June 30, 2021, representing a 50% increase year-over-year. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. We see continued opportunity in many markets and many verticals as we head into 2021.. Kaitlin Newingham NEW YORK--(BUSINESS WIRE)--Bridge Investment Group LLC (Bridge) today announced the launch of its industrial net lease strategy (Bridge Industrial Net Lease), which aims to focus on acquiring attractively priced mission critical industrial net lease real estate scaled for diversification and durable income in prime U.S. growth markets. The sectors significant growth is driven by the long-term demographics of the seniors cohort, which will increase in size three times faster than in the prior 10 years. Management says it will use the net proceeds from the IPO as follows: We intend to use the net proceeds from this offering (including any net proceeds from any exercise of the underwriters option to purchase additional shares of Class A common stock) to purchase 18,750,000 Class A Units (or 21,562,500 Class A Units if the underwriters exercise in full their option to purchase additional shares of Class A common stock) directly from the Operating Company at a price per unit equal to the initial public offering price per share of Class A common stock in this offering less the underwriting discounts and commissions and estimated offering expenses payable by us. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. Mr. Freeman has over 10 years of commercial real estate experience and has been involved in the acquisition, management and disposition of more than $1 billion in commercial real estate assets. An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 p.m. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TIGER 21 is the premier membership community for high-net-worth wealth creators and preservers. Bridge Multifamily is a fully-integrated manager with over 900 professionals focused on multifamily property management. Brian . There are other important, less easily defined requirements that also need to be met. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. (877) 866-4540 As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. On occasion, TIGER 21 also reports on findings from Member surveys on various investment topics and macro trends. About Bridge Investment Group Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $31.8 billion of assets . Renewals and new leases in the fourth quarter surpassing that of the fourth quarter of 2019, and the number of leases signed in 2020 exceeded 2019. On a basic and diluted basis, net (loss) income attributable to Bridge per share of Class A common stock was $(0.04) and $0.92, respectively. Acquisition of Newbury Partners View press release View presentation. ET on February 28, 2023 and can be accessed by dialing 1-877-660-6853 (domestic) or 1-201-612-7415 (international), and providing the passcode 13736320. Charlotte Morse Distributable Earnings of Bridge Investment Group Holdings LLC . For investors with an interest in exposure to a range of real estate assets in the U.S., who are bullish on the exit from the pandemic and who are seeking a dividend-oriented stock, the IPO is worth consideration. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. . mesurer votre utilisation de nos sites et applications. Executive Chairman. Our Professionals LEAD OUR SPECIALIZED VERTICALS WITH FULLY INTEGRATED TEAMS, Chief Executive Officer & Co-Chief Investment Officer, Bridge Multifamily, Vice Chairman & Head of Client Solutions Group, Senior Managing Director & President, Bridge Debt Capital Markets, Senior Managing Director, Bridge Debt Capital Markets, Senior Managing Director & Co-Chief Investment Officer, Bridge Multifamily, Senior Managing Director & Chief Investment Officer, Bridge AMBS, Senior Managing Director & Chief Executive Officer, Co-Chief Investment Officer, Bridge Seniors Housing & Medical Properties, Senior Managing Director & Chief Investment Officer, Bridge Debt Strategies, Senior Managing Director & Chief Investment Officer, Bridge Development and Opportunity Zones, Senior Managing Director & Chief Executive Officer, Co-Chief Investment Officer, Bridge Logistics Properties, Senior Managing Director & President, Bridge Property Management, Co-Chief Investment Officer, Bridge Multifamily, Senior Managing Director, Acquisitions & Co-Chief Investment Officer, Bridge Workforce & Affordable Housing, Senior Managing Director, Client Solutions Group, Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease, Senior Managing Director & Co-Chief Investment Officer, Bridge Logistics Properties, Senior Managing Director & Co-Chief Executive Officer, Bridge Single-Family Rental, Senior Managing Director, General Counsel, Senior Managing Director & Chief Investment Officer, Bridge Renewable Energy, Senior Managing Director & Chief Asset Officer, Bridge Debt Strategies, Senior Managing Director & Deputy Chief Investment Officer, Bridge Debt Strategies, Senior Managing Director & Head of Asia, Client Solutions Group. The Company will host a conference call on February 14, 2023 at 8:30 a.m. Bridge Investment Group Holdings Inc ( NYSE: BRDG) Q4 2022 Results Conference Call February 14, 2023 8:30 AM ET Company Participants Bonni Rosen - Head of Shareholder Relations Katherine. Investor Contact Charlotte Morse Bridge Investment Group 646-844-0901 Charlotte.Morse@bridgeig.com Contacts Media Contact Kaitlin Newingham Prosek Partners 646-818-9050 knewingham@prosek.com Through analytical structuring and extensive, data driven stress testing, Bridge AMBS seeks to deliver 8-10% net to the investor current yield coupled with monthly liquidity to investors in this strategy. Assuming a successful IPO, the companys enterprise value at IPO would approximate $1.6 billion, excluding the effects of underwriter over-allotment options. I analyze fundamental company performance and my conclusions may not be relevant for first-day or early IPO trading activity, which can be highly volatile and unrelated to company fundamentals. Mr Morse is 66, he's been the Exec. There are no executives at Bridge Investment getting paid more. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Prior to his current position, Mr. Sodo was most recently the CFO of Gladstone Commercial Corporation (NASDAQ: GOOD) (Gladstone), a publicly traded REIT with approximately $1.1 billion of assets under management as of December 31, 2020, and previously served as Executive Vice President, CFO and Treasurer of VEREIT (NYSE: VER). TIGER 21 produces a quarterly Asset Allocation Report that measures the aggregate asset allocation exposures of its Members based upon their Portfolio Defense presentations. Mike Sodo, CEO of Bridge Industrial Net Lease Fund Manager LLC (the Fund Manager) is a co-founder of the vertical and member of the Investment Committee (the Investment Committee) of the general partner of the fund (the General Partner), with over 20 years of experience in the real estate, finance and accounting industries. 2023 Bridge Investment Group Holdings LLC. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $46,431. Actual results may differ materially from those express or implied in the forward-looking statements as a result of a number of factors, including but not limited to those risks described from time to time in our filings with the Securities and Exchange Commission. Robert Morse, Executive Chairman at Bridge said, Both market conditions and operating challenges were unprecedented in the face of the COVID pandemic, and Bridge navigated through difficult conditions well. Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. The company . Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. Chief Operating Officer. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Below is a brief overview video of Bridge: Below is a map of the firm's asset types and coverage: Bridge has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. Data delayed The event will also be available live via webcast which can be accessed here or from our Investor Relations website https://ir.bridgeig.com. knewingham@prosek.com, Investor Contact Mar 2021 - Present2 years Salt Lake City, Utah, United States In 2008, John S Pennington Jr co-founded Bridge Investment Group's $28 billion family of private equity investment funds that. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Their collective experience is vital to our success as we move into the increasingly important industrial net lease vertical., About the Bridge Industrial Net Lease team. Adam O'Farrell. This press release contains forward-looking statements about our beliefs and expectations related to the market and our industrial strategy, which are subject to various risks and may change. Bridge Investment Group On average, Mr trades about 1,579 units every 130 days since 2013. He is also on the board of Amkor Technology, Inc. For investors with an interest in exposure to a range of real estate assets in the U.S., who are bullish on the exit from the pandemic and who are seeking a dividend-oriented stock, the IPO is worth a close look. Robert Morse. Below is a table of relevant capitalization and valuation figures for the company: As a reference, a potential partial and much larger public comparable to Bridge would be Brookfield Asset Management (BAM); below is a comparison of their primary valuation metrics: Bridge is seeking public capital market investment to redeem underlying operating company units, with little left over for future growth plans. As leaders in a private market solution to workforce housing, we continue to prove that you can do well by doing good, said Brock Andrus, Deputy Chief Investment Officer of Bridges Workforce & Affordable Housing strategy. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. Furthermore, we are re-evaluating our DE&I practices with the help of an outside consultant and with their help will be implementing several new DE&I initiatives in 2021. Selected highlights from 2020 included the rollout of several employee empowerment groups, an expanded recruiting process that includes Historically Black Colleges and Universities, and the institution of paid time off for election voting. *Total 4,200 employees include employees of professional employer organizations at sites managed by Bridge Senior Living LLC. A breakdown of Bridges vertical investment theses and highlights from 2020 are included below: Designed to target development and re-development projects in underserved areas, Bridges Opportunity Zone strategy provides attractive real estate exposure along with the tax benefits associated with opportunity zone investment. Bridge has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. Robert Randolph Morse is the Exec. They are joined by Managing Director, James Freeman. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. . Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. The Firms vertically-integrated operating platform complements the lending platform by providing in-depth due diligence and the ability to own and manage assets if necessary.. Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. Among the many highlights, Bridge became a UN PRI Signatory, established designated ESG Steering and Diversity, Equity and Inclusion (DE&I) Committees, and received shortlist award recognition from UN PRI and the ESG Investing Awards for its impactful work in the preservation and rehabilitation of affordable housing across the U.S. QuoteMedia. This Florida Limited Liability company is located at 2049 SW 118TH AVE, MIRAMAR, FL, 33025 and has been running for three years. Morgan Stanley is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 22.7% since their IPO. As an integrated property manager, we seek to deliver outstanding value for the rental dollar, through the provision of extensive community and social programming at our communities, to deliver much more than simply four walls and a roof to our valued residents.. Free cash flow for the twelve months ended March 31, 2021, was $129 million. Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge" or the "Company") today reported its financial results for the fourth quarter and year ended December 31, 2022. Terms of Use. I have no business relationship with any company whose stock is mentioned in this article. Chairman at Bridge Investment. https://www.businesswire.com/news/home/20230214005295/en/. Bridge Debt Strategies Fund Manager LLC (Bridge Debt Strategies) employs an all-weather, income-focused strategy to create a diversified portfolio, focusing on a mix of first mortgage floating-rate loans, and Freddie Mac K-Series subordinated tranches. During Roberts tenure, Citigroup was awarded the Best Bank in Asia award annually by FinanceAsia, EuroMoney and The Asset magazines and in selected client surveys. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Any forward-looking statement speaks only as of the date on which it is made. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. Bridge Office Fund Manager LLC (Bridge Office) targets value-add commercial office assets in US prime suburban submarkets. Free cash flow during the twelve months ended March 31, 2021, was $129 million. Bridge Investment Group (NYSE:BRDG) has filed to raise $300 million in an IPO of its Class A common stock, according to an S-1/A registration statement. Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $43.3 billion of assets under management as of December 31, 2022. Most recently, Bridge launched its Logistics Net Lease and Logistics Properties platforms focusing on the acquisition of Class A and B industrial properties in the top 75 MSAs in the U.S. as well as potential development of new properties in infill, last-mile driven markets. Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. About Bridge Investment Group Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $38.8 billion of. Bridge Investment executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. Chief Financial Officer. Bridge Investment Group Holdings Inc. Bridge Multifamily has seen strong demand from the triple play of opportunity: millennials, seniors and immigrants, said Colin Apple, Co-Chief Investment Officer for the Bridge Multifamily Strategy. 646-818-9050 Mr. Morse also serves on a variety of charitable organization boards, including the Yale Presidents Council on International Activities, The Sovereign Art Foundation, and the Asia Society. Please disable your ad-blocker and refresh. Bridge Investment Group Holdings Inc. (NYSE: BRDG) (Bridge or the Company) today reported its financial results for the fourth quarter and year ended December 31, 2022. Mr. Morse received his Bachelor of Arts from Yale College, his Master of Business Administration from the Harvard Graduate School of Business Administration and his Juris Doctor from Harvard Law School. Since 2019 and across three funds, Bridge has raised and deployed nearly $2 billion of equity to pursue 35 development projects aggregating $4.5 billion of value. This earnings release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. Prior to his current position, Mr. Tucker served as Executive Vice President and Head of the Northeast and Midwest Regions of Gladstone, where he was involved in the assembly and management of an approximately 8 million square foot portfolio of industrial and office assets, and lead the acquisitions and asset management teams for that portfolio. Use tab to navigate through the menu items.