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. 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. delay times for all exchanges). Bridge Investment Group Raises $2.9 Billion for Bridge Debt Strategies Market Data powered by Bridge Investment Group Raises $500M Opportunity Zone Fund Charlotte Morse 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. Prince Investment Group Llc. Miramar, Fl Bridge reported strong results for the third quarter. 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. Bridge announced its intention to deploy over $2.5 billion in this strategy over the next three years. Get IPO Edge with actionable research on next-generation high growth stocks. 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. 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. Market Data copyright 2023 QuoteMedia. We see continued opportunity in many markets and many verticals as we head into 2021.. The firm operates as a vertically integrated real estate investment manager. We anticipate continuing our Opportunity Zone investment activity into 2021 and remain very excited about this programs impact on these underserved communities.. Charlotte.Morse@bridgeig.com. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $46,431. Stock Market - The Buffalo News 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. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. Chairman at Bridge Investment. This report is intended for educational purposes only and is not financial, legal or investment advice. 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. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Bridge Investment Group Holdings Inc. 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). 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. Robert Morse - Biography - MarketScreener.com There are no executives at Bridge Investment getting paid more. Adam O'Farrell. Please see below for criteria for TIGER 21 Membership. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. I am not receiving compensation for it (other than from Seeking Alpha). The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. 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. This Florida Limited Liability company is located at 2049 SW 118TH AVE, MIRAMAR, FL, 33025 and has been running for three years. There are other important, less easily defined requirements that also need to be met. Please disable your ad-blocker and refresh. dvelopper et amliorer nos produits et services. Bridge Investment Group Announces Managing Director, Senior Managing On a basic and diluted basis, net income attributable to Bridge per share of Class A common stock was $0.44. I have no business relationship with any company whose stock is mentioned in this article. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. A figure under 10% is generally considered a low float stock which can be subject to significant price volatility. 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. 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. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. Bridge Investment Group Finalizes $300 Million IPO Plan 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. He is also on the board of Amkor Technology, Inc. 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. 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. The firm also has an extensive CRE-backed fixed income investment strategy, and since 2019 has dramatically expanded its presence in the Opportunity Zone sector. Robert Randolph Morse is the Exec. Bridge Investment Group Announces 2022 Managing Director - Yahoo! 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. 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. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. 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. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Prosek Partners Start with a 14-day Free Trial. 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. Our significant real estate investment experience and boots on the ground operating platforms allows Bridge to provide a fully-integrated investment and property management process to identify attractive opportunities and proactively manage the assets to optimization, concluded Morse. This field is for validation purposes and should be left unchanged. Bridge Investment Group Mr Morse is 66, he's been the Exec. Senior Managing Director & President, Bridge Debt Capital Markets . Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. 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.. Free cash flow for the twelve months ended March 31, 2021, was $129 million. Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. Tj Stanley Investment Group,Inc. of Florida . The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG . Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. 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