Bridge Investment Group Holdings has filed to raise $300 million in a U.S. IPO. 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. 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. 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. 646-844-0901 The funds used to redeem some of the Class A Units held directly or indirectly by certain of the Original Equity Owners will not be available to us for use in connection with our future growth initiatives. delay times for all exchanges). We delivered outstanding results to our investors, we provided critical support to our resident and tenant communities and continued to strengthen our organization in a myriad of ways. Bridge Investment Group Holdings Inc. Reports Third Quarter 2022 Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. We believe that the vertical will continue to outperform as e-commerce and supply chain growth fuel tailwinds, intensifying the need for high quality and well-located mission critical facilities in logistically connected corridors.. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. In a separate press release issued today, Bridge announced it has entered into a definitive agreement to acquire substantially all of the business of Newbury Partners LLC, an investment manager that specializes in acquiring limited partnership interests through secondary transactions, for $320.1 million. Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. knewingham@prosek.com Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. 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. Bob Morse, Bridge Investment Group LLC: Profile and Biography 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. Over the last 2 years, insiders at Bridge Investment have traded over $0 worth of Bridge Investment stock and bought 6,300 units worth $100,800 Most recently he exercised 20,000 units of BRDG stock worth $93,600 on 24 May 2022. Prosek Partners 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. There are no older and 5 younger executives at Bridge Investment. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Bridge Investment Group Buys Deerfield Beach Warehouse - The Real Deal Due to its forward integration, Bridge was able to connect with residents and tenants directly in the COVID-19 pandemic environment to assist as they navigated through the challenges it posed. Prior to his current position, Mr. Flickinger was an Executive Vice President with Gladstone, where he led the investments and asset management teams that acquired industrial and office assets in the Southeastern and Western U.S. James Freeman, Managing Director of the Fund Manager is a member of the Investment Committee of the General Partner. From 1999 to 2004, Mr. Morse served as the Co-Head and then Head of Global Investment Banking for Citigroup. 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. Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. Any forward-looking statement speaks only as of the date on which it is made. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. Media Contact Robert Morse - Bridge I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. To lead this new strategy, Bridge appointed the Bridge Industrial Net Lease team, which has a combined 70 years of experience in the real estate and finance industries collectively. With a strong local presence, differentiated from many other industry participants, Bridge is able to drive value directly at the asset level to produce returns. Managements presentation of the company roadshow is available here. Robert's mailing address filed with the SEC is C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY, UT, 84070. Chief Financial Officer. delay times for all exchanges). 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. 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. Bridge Investment Group Holdings Inc. Reports Second Quarter - Yahoo! 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). Looking forward, were excited about the compelling opportunities for our Renewable Energy and PropTech strategies, as ESG and technological solutions become more critical for the real estate industry., Jonathan Slager, Bridges Chief Executive Officer, added Bridges specialized investment approach, vertically integrated business model, and focus on value-add strategies continues to be a strength in a difficult market. Bridge Investment Group Holdings Inc (BRDG) Q4 2022 Earnings Call As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. Mr Morse is 66, he's been the Exec. Bridge believes it is the leading Opportunity Zone Fund manager. 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. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . All Rights Reserved. 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. Major competitive or other industry participants include: Bridges recent financial results can be summarized as follows: Below are relevant financial results derived from the firms registration statement: As of March 31, 2021, Bridge had $134 million in cash and $223 million in total liabilities. 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. Chairman at Bridge Investment. TJ STANLEY INVESTMENT GROUP,INC. Mr Morse owns over 20,000 units of Bridge Investment stock worth over $964,420 and over the last 10 years he sold BRDG stock worth over $0. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Bridge Investment Group Reaches $25 Billion in Assets Under Management This is a mid-tier performance for all major underwriters during the period. He previously held a variety of senior positions since joining Salomon Brothers in 1985. Bridge Investment Group has raised $500 million for its Opportunity Zone Fund, and will begin targeting projects nationwide. Our Team | Bridge Investment Group 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. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. 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. The Bridge Cares COVID-19 Relief Fund, 100% funded by Bridge principals and affiliates, provided almost $2 million of financial assistance to residents, delivered over 60,000 meals to residents and assisted in gaining access other support. Please disable your ad-blocker and refresh. 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. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins. 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.. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. SALT LAKE CITY, Utah-- (BUSINESS WIRE)-- 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. Robert Morse - TIGER 21 The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. Chairman of Bridge Investment since . 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 . Get IPO Edge with actionable research on next-generation high growth stocks. Bridge Investment Group Launches Bridge Industrial Net Lease Strategy Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing . afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Fee Related Earnings to the Operating Company were $30.9 million and $158.3 million for the quarter and year ended December 31, 2022, respectively. Robert Morse. John P. - Partner Emeritus - Bridge Investment Group | LinkedIn Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. PD=Previous Day. I have no business relationship with any company whose stock is mentioned in this article. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. Our newer strategies continue to scale as demonstrated by the $1.3 billion of gross capital deployed by our logistics team, a strong portfolio of over 3,300 homes in our Single-Family Rental platform, and a growing Net Lease Income vehicle. Bridge expanded its set of Fixed Income products in 2020; launched amidst the COVID-19 pandemic, the agency mortgage-backed securities strategy managed by Bridge Agency MBS Fund Manager LLC (Bridge AMBS) was met with strong interest from the market, and the investment portfolio has grown to nearly $1 billion to date. He is also on the board of Amkor Technology, Inc. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $46,431. 15 minutes unless otherwise indicated (view Market Data copyright 2023 QuoteMedia. Bridge Investment Group Raises $2.9 Billion for Bridge Debt Strategies We have drawn from our teams deep expertise in the selection of attractively valued mortgage-backed securities and interest rate-risk hedging to deliver strong risk-adjusted returns for investors in the current low yield environment.. Bridge has targeted development and re-development projects to invest in energetic, in the path of progress Opportunity Zones throughout the country, said David Coelho, Chief Investment Officer for the Bridge Opportunity Zone Strategy. 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. Driving Directions to Miramar Beach, FL including road conditions, live traffic updates, and reviews of local businesses along the way. Now is your opportunity to do even more for you and for others. Charlotte Morse We achieved record closes for three of our specialized strategies with Debt Strategies IV at $2.9 billion, Multifamily V at $2.3 billion and Workforce & Affordable Housing II at $1.7 billion, highlighting the confidence investors place in our best-in-class investment teams. We enter 2021 with optimism and resolve, to continue to execute on our mandate to produce first quartile results across our specialized investment verticals., Jonathan Slager, Chief Executive Officer, said, We were able to be opportunistic in selected verticals and markets throughout the year, and our deep local presence in the most attractive markets in the US allowed Bridge to deploy capital into attractively priced assets. SALT LAKE CITY, (BUSINESS WIRE) -- Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") announced today their 2023 promotions to Senior Managing.