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. 15 minutes unless otherwise indicated (view The transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals. Please disable your ad-blocker and refresh. 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. shareholderrelations@bridgeig.com, Media: 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. In 2020, Bridge sponsored the first iteration of our Bridge CARES: COVID-19 Relief Fund, provided college scholarships to 12 Bridge Scholars as part of the Bridge to Education program, bolstered the spirit of the Opportunity Zone legislation by sponsoring 38 foster youth at our Archer Avenue project in Queens, distributed 1,500 pairs of athletic shoes to disadvantaged elementary school students as part of the Bridge Boots on the Ground program and supported 7,200 homeless youth with essential supplies via our We Got Your Back initiative. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Please. Charlotte Morse 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. 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. Within this new strategy, Bridge will leverage its nationwide real estate platform and deep in-house operating platforms, which is expected to enable Bridge Industrial Net Lease to efficiently acquire, manage, re-lease, and maximize returns in stabilized industrial assets for the strategy. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson This field is for validation purposes and should be left unchanged. Bridge Debt Strategies Fund Manager is focused on debt investments primarily against recession-resistant multifamily assets with attention to liquid, high-growth secondary markets in the US, said James Chung, Chief Investment Officer for the Bridge Debt Strategy. Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. 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. Adam O'Farrell. SALT LAKE CITY, August 08, 2022--Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge" or the "Company") today reported its financial results for the second quarter ended June 30, 2022. This is the Bridge Investment Group company profile. 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. delay times for all exchanges). 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 most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . Bridge Investment Group Holdings Inc. issued a full detailed presentation of its fourth quarter and full year 2022 results, which can be viewed on the Investors section of our website at www.bridgeig.com. Media Contact Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of the Company or any investment fund managed by the Company or its affiliates. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. Jonathan Slager. Bridge strengthened its organization in 2020 through several internal initiatives, including the formation of a Diversity, Equity and Inclusion committee, and continued efforts around Environmental, Social and Corporate Governance, the Bridge Charitable Committee, and the Bridge Womens Network. New Industrial Strategy to be led by the newly appointed Bridge Industrial Net Lease team. 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. 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. The event will also be available live via webcast which can be accessed here or from our Investor Relations website https://ir.bridgeig.com. 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. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. *Please note that meeting the specific quantitative requirement of a minimum of $10MM in investable assets does not automatically guarantee admittance into TIGER 21. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. 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.. All Rights Reserved. As the Exec. 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. 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. 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. 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. Robert Morse. 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. 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. 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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. Isela Rosales, MD of ESG at Bridge, further mentioned that 2020 was a milestone year for Bridge on the ESG front. The primary risks to the companys outlook is a rise in interest rates raising its cost of capital or an economic downturn from a resurgence in COVID-19 variant infections in the U.S. As for valuation, compared to Brookfield, Bridge is generating free cash flow per share yield of 7.35% versus BAMs forward yield of 1.02%. This report is intended for educational purposes only and is not financial, legal or investment advice. We observe both the letter and spirit of the Opportunity Zone legislation and are proud to be able to include an affordable housing component to our developments whenever possible, and to develop with the highest environmental standards possible. On average, Mr trades about 1,579 units every 130 days since 2013. 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. 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. On the strategy launch, Robert Morse, Executive Chairman of Bridge, said: Bridge sees key market opportunity in the industrial real estate sector. If you have an ad-blocker enabled you may be blocked from proceeding. The largest trade he's ever made was exercising 20,000 units of Bridge Investment stock on 24 May 2022 worth over $93,600. Charlotte Morse As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. There are no executives at Bridge Investment getting paid more. 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. 35 years experience in real estate, finance and software companies. We demonstrated this within our Debt Strategies vertical, investing over $1.2 billion opportunistically from 2Q to 4Q 2022, and have $3.5 billion of dry powder across our funds to invest at what we think will be an attractive point in the cycle.. Data delayed Our employees drive our success with the shared focus to build a better future for our investors, tenants, residents, and communities. Kaitlin Newingham 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. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. Chairman of Bridge Investment since . 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. They are joined by Managing Director, James Freeman. No existing shareholders have indicated an interest to purchase shares at the IPO price. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: The firm seeks to directly operate the. 15 minutes unless otherwise indicated (view afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. Last updated: 1 March 2023 at 11:00am EST. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. Bridge Investment Group Steady job growth, lack of new supply and aging existing inventory have created opportunities to acquire quality office assets at significant discounts to replacement costs. 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. Bridge ended 2020 with over $25 billion of AUM. Robert Morse. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Prior to joining Bridge, Mr. Freeman was responsible for business development, deal sourcing, capital sourcing, establishing and maintaining relationships with operating partners and ensuring successful investment execution at Cardinal Industrial. Distributable Earnings of Bridge Investment Group Holdings LLC . This is a mid-tier performance for all major underwriters during the period. 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. From 1999 to 2004, Mr. Morse served as the Co-Head and then Head of Global Investment Banking for Citigroup. 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. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. 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. 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. Use tab to navigate through the menu items. 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. Executive Chairman. TJ STANLEY INVESTMENT GROUP,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. 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. TIGER 21, LLC is not affiliated or associated with Tiger Management, L.L.C, Julian Robertson, or any investment manager or fund operated or licensed by Tiger Management L.L.C, Chairman, Bridge Investment Group Partners, LLC. 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. 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 You can see the complete history of Mr Morse stock trades at the bottom of the page. Bridge announced its intention to deploy over $2.5 billion in this strategy over the next three years. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. Senior Managing Director & President, Bridge Debt Capital Markets . Market Data powered by 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. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Most recently he exercised 20,000 units of BRDG stock worth $93,600 on 24 May 2022. PD=Previous Day. Katie Elsnab. 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. . 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. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. 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 . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. Please see below for criteria for TIGER 21 Membership. 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. Matt Tucker, Co-CIO of the Fund Manager is a co-founder of the vertical and member of the Investment Committee of the General Partner, with over 20 years of experience in the commercial real estate and corporate finance industries. This Domestic for Profit company is located at 13331 SW 45TH DRIVE, MIRAMAR, FL, 33027 and has been running for eleven years. There are no executives at Bridge Investment getting paid more. QuoteMedia. 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. 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. Robert Morse Age : 66 Public asset : 788,819,788 USD Country of residence : Unknown Linked companies : Amkor Technology, Inc. - Bridge Investment Group Holdings Inc. 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 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 . 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. RT=Real-Time, EOD=End of Day, Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. 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. Chairman of Bridge Investment since . mesurer votre utilisation de nos sites et applications. Start with a 14-day Free Trial. 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. The S&P 500 Index no longer admits firms with multiple classes of stock into its index. Charlotte Morse On the appointment of the Bridge Industrial Net Lease team, Morse said: We are thrilled to welcome Mike, Matt, Brandon and James to the Bridge team. 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. Investors: The firms financials show growing topline revenue and net income, though reduced cash flow from operations. QuoteMedia. All statements other than statements of historical facts may be forward-looking statements. 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. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. 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. 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. Chairman at Bridge Investment. Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. 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. 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. 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. Citigroups Asian institutional businesses included corporate banking, investment banking, markets and transaction services in 17 countries employing over 14,000 employees. Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease. 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. The Company will host a conference call on February 14, 2023 at 8:30 a.m. 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"). As of March 31, 2021, management said it had approximately $26 billion of AUM across its funds and other investment vehicles. Participants are asked to dial in a few minutes prior to the call to register for the event. 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 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.
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