Bridge Investment, led by Executive Chairman Robert Morse, has about $31.8 billion in real estate assets under . The US real estate markets continue to offer exceptional investment opportunity due to the continuing strength of the US economy, supply/demand imbalances and demographic imperatives. 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. Chief Operating Officer. 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. Agency MBS issuance volumes have grown over 100% as mortgage rates declined to multi-decade historical lows, boosting demand for refinancing and new home loans, said Mohit Chandarana, Chief Investment Officer of Bridge AMBS. 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. 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. Although we dont have perfect visibility into the expected distribution yield, my sense is that it will be substantially higher than Brookfield or other similar firms, at least initially. (212) 355-4449. This Florida Limited Liability company is located at 2049 SW 118TH AVE, MIRAMAR, FL, 33025 and has been running for three years. All Rights Reserved. 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. Robert Morse brings over 35 years of experience in real estate investment management, commercial and investment banking and private equity fund management as Executive Chairman of Bridge Investment Group ("Bridge" or the "Firm"). Terms of Use. Start with a 14-day Free Trial. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson The firms financials show growing topline revenue and net income, though reduced cash flow from operations. All statements other than statements of historical facts may be forward-looking statements. Chairman at Bridge Investment. QuoteMedia. The company . 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. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. PD=Previous Day. I have no business relationship with any company whose stock is mentioned in this article. Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. Executive Chairman. This, combined with the demographic tailwinds, new supply moderating, and product validation during the pandemic make this next cycle an exceptional landscape to drive outsized returns, explained Robb Chapin, Chief Executive Officer of Bridge Seniors. 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. As of March 31, 2021, management said it had approximately $26 billion of AUM across its funds and other investment vehicles. Biography of Robert Morse Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. Bridge Investment Group Holdings Inc. (BRDG). Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease, real estate-backed credit, renewable energy and proptech. View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005691/en/, Media: As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. Charlotte Morse Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. 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. Mr. Morse served as Chairman and Co-Chief Executive Officer of PMN Capital, a private equity firm based in Hong Kong, from January 2009 to January 2012. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. 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. Free cash flow during the twelve months ended March 31, 2021, was $129 million. Senior Managing Director & President, Bridge Debt Capital Markets . Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. In addition, he makes $1,305,863 as Exec. Kaitlin Newingham Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. . Bridge is a privately-held real estate investment management firm with $25+ billion in assets under management as of December 31, 2020. Data delayed Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and III, Bridge Seniors Funds I and II, and Bridge Debt Strategies Funds I and II. Free cash flow for the twelve months ended March 31, 2021, was $129 million. Data delayed Bridge ended 2020 with over $25 billion of AUM. Bridge markets its funds through RIAs (Registered Investment Advisors) and directly to high-net-worth individuals, family offices and institutional investors. 5.0 . Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. On a basic and diluted basis, net income attributable to Bridge per share of Class A common stock was $0.44. . 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. 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. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. SALT LAKE CITY, (BUSINESS WIRE) -- Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") announced today their 2023 promotions to Senior Managing. No existing shareholders have indicated an interest to purchase shares at the IPO price. Chairman at Bridge Investment. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. 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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. 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. Members of IPO Edge get the latest IPO research, news, and industry analysis. OF FLORIDA is an Active company incorporated on November 16, 2012 with the registered number P12000095484. Chairman at Bridge Investment. shareholderrelations@bridgeig.com, Media: Bob Morse, Bridge Investment Group LLC: Profile and Biography - Bloomberg Markets Bloomberg TV+ Next Big Risk Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the. mesurer votre utilisation de nos sites et applications. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Prosek Partners In a macro environment in which yield is very hard to come by, the Bridge Debt Strategies investment thesis has delivered 9-11% net to the investor returns in three prior vehicles and has maintained that target in its current vehicle. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. 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. 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. The company is currently expediting the delivery of vaccines to our 11,000 seniors housing residents on an accelerated basis and we continue to support our communities as the pandemic continues. 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. We anticipate continuing our Opportunity Zone investment activity into 2021 and remain very excited about this programs impact on these underserved communities.. The structure of our fund capital allows us to be patient and selective while also nimble to take advantage of opportunities generated from market dislocations. Get them exclusively at IPO Edge. 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 . 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. 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. knewingham@prosek.com Mr. Morse made investments on behalf of Citigroup clients across multiple asset classes, including equities (public and private), corporate acquisitions, distressed and mezzanine debt and real estate. In 2020, Bridge raised $2.3 billion of new equity capital and deployed nearly $3 billion into new assets across its six specialized investment verticals, with further plans to deploy approximately $11 billion over the next three years. RT=Real-Time, EOD=End of Day, Bridge has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. The S&P 500 Index no longer admits firms with multiple classes of stock into its index. The transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals. This is a mid-tier performance for all major underwriters during the period. 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.. Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. Joele Frank, Wilkinson Brimmer Katcher There are no older and 5 younger executives at Bridge Investment. All content is posted anonymously by employees working at Bridge Investment Group. 646-844-0901 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. 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. 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. The firm operates as a vertically integrated real estate investment manager in the U.S. BRDG has performed well during the pandemic and appears positioned to benefit as the U.S. exits the pandemic period, so the IPO is worth consideration. Bridge owns or manages over 42,000 units today and plans to deploy over $2.0 billion of equity to acquire or develop assets in the multifamily space over the next two years. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. Any forward-looking statement speaks only as of the date on which it is made. Robert Morse, Bridges Executive Chairman, remarked Bridge delivered another strong year of financial results despite a challenging macroeconomic environment. 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. PD=Previous Day. View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: Market Data copyright 2023 QuoteMedia. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 35 years experience in real estate, finance and software companies. 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 Inna Khidekel, Chairwoman of the Bridge Charitable Giving Committee, commented that Bridge has always been at the forefront of community revitalization, and our growth has allowed us to further support the communities in which we operate. 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. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . The presentation is titled Fourth Quarter 2022 Earnings Presentation.. General & Administrative expenses as a percentage of total revenue have been stable as revenues have increased, as the figures below indicate: The General & Administrative efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of General & Administrative spend, increased to 0.9x in the most recent reporting period, as shown in the table below: Management forecasts a strong need for affordable housing via an informed, socially responsible approach. If you have an ad-blocker enabled you may be blocked from proceeding. Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. dvelopper et amliorer nos produits et services. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. Market Data powered by 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. Bridge combines its 4,200+-person, nationwide operating platform with specialized teams of investment professionals focused on select US real estate verticals, which Bridge believes offer above-market opportunity: multifamily, office, seniors housing, workforce & affordable housing, opportunity zones, and debt strategies. Vice Chairman & Head of Client Solutions Group. Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease. A figure under 10% is generally considered a low float stock which can be subject to significant price volatility. On average, Mr trades about 1,579 units every 130 days since 2013. 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. QuoteMedia. https://www.businesswire.com/news/home/20230214005295/en/. The event will also be available live via webcast which can be accessed here or from our Investor Relations website https://ir.bridgeig.com. Robert Morse Age : 66 Public asset : 788,819,788 USD Country of residence : Unknown Linked companies : Amkor Technology, Inc. - Bridge Investment Group Holdings Inc. . Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. The firm seeks to directly operate the. As CEO, Mr. Sodo oversees the business activities of the vertical, including real estate investment decisions, banking relationships, capital origination, investor relations, and executive oversight of the vertical. 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. They are joined by Managing Director, James Freeman. Our Professionals LEAD OUR SPECIALIZED VERTICALS WITH FULLY INTEGRATED TEAMS Robert Morse Executive Chairman Jonathan Slager Chief Executive Officer & Co-Chief Investment Officer, Bridge Multifamily Dean Allara Vice Chairman & Head of Client Solutions Group Adam O'Farrell Chief Operating Officer Katie Elsnab Chief Financial Officer Brad Andrus As the Exec. Adam O'Farrell. The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG . Bridge combines its 4,200+* person, nationwide operating platform with specialized teams of investment professionals focused on select US real estate verticals, which Bridge believes offer above-market opportunity: multifamily, office, seniors housing, affordable housing, opportunity zones, and debt strategies. 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. 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. 646-818-9050 The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. 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. Last updated: 4 January 2023 at 4:00pm EST. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. Robert Randolph Morse is the Exec. 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. There are no executives at Bridge Investment getting paid more. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. It currently has one President. Our team is focused on creating transit-oriented work/live/play mostly multifamily developments that are positive catalysts for job growth and urbanization in these communities. Please see below for criteria for TIGER 21 Membership. I wrote this article myself, and it expresses my own opinions. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. Our employees drive our success with the shared focus to build a better future for our investors, tenants, residents, and communities. Chief Financial Officer. Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. Please disable your ad-blocker and refresh. Bridge Investment Group Interested parties may access the conference call live over the phone by dialing 1-877-405-1210 (domestic) or 1-201-689-8721 (international) and requesting Bridge Investment Group Holdings Inc.s Fourth Quarter 2022 Earnings Conference Call. Is this happening to you frequently? 2023 Bridge Investment Group Holdings LLC. 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. Jonathan Slager. Bridge Investment Group has raised $500 million for its Opportunity Zone Fund, and will begin targeting projects nationwide. Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Bridge Multifamily also announced in 2020 plans to deploy an additional $1.5 billion of capital within its Workforce & Affordable Housing strategy, which aims to create and preserve affordable housing for Americas workforce. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. With a focus on investing in value-add multifamily housing properties in MSAs with strong macroeconomic prospects, Bridge Multifamily Fund Manager LLC (Bridge Multifamily) aims to add value by transforming unit interiors and common areas, increasing tenant satisfaction, and adding profound social and community program amenities, all to achieve strong occupancy and rent growth. Robert Randolph Morse is the Exec. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. In 2020, Bridge raised $2.3 billion of new equity capital and deployed nearly $3 billion into new assets across its six specialized investment verticals, with further plans to deploy approximately $11 billion over the next three years. Robert Morse, Bridge's Executive Chairman, remarked "Bridge delivered another quarter of strong results with fundraising inflows of $1.3 billion, driven by continued demand for our flagship . Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. Source: Bridge Investment Group Holdings Inc. Market Data copyright 2023 QuoteMedia. Last updated: 1 March 2023 at 11:00am EST. 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. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. Bridge believes it is the leading Opportunity Zone Fund manager. 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. The Operating Company intends to use the $274.3 million in net proceeds from the sale of Class A Units to Bridge Investment Group Holdings Inc. (or $316.2 million if the underwriters exercise their option to purchase additional shares of Class A common stock), after deducting estimated offering expenses [i] to pay $137.1 million (or approximately $171.0 million if the underwriters exercise in full their option to purchase additional shares of Class A common stock) in cash to redeem certain of the Class A Units held directly or indirectly by certain of the Original Equity Owners and [ii] for general corporate purposes to support the growth of our business. 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. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States.
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