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. *Total 4,200 employees include employees of professional employer organizations at sites managed by Bridge Senior Living LLC. All content is posted anonymously by employees working at Bridge Investment Group. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. 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. Bridge Investment Group Finalizes $300 Million IPO Plan 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. 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. 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. Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. Data delayed 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. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. James Chung, Chair of the Bridge Diversity, Equality and Inclusion Committee, explained that at Bridge, we believe that diversity, equity and inclusion are critical to improving our company performance, and we are embracing DE&I through empowerment groups, training, recruiting, and succession planning. Bridge markets its funds through RIAs (Registered Investment Advisors) and directly to high-net-worth individuals, family offices and institutional investors. 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. 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 . 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. Bridge Investment Group Raises $500M Opportunity Zone Fund An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 p.m. Bridge Investment Group afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. knewingham@prosek.com, Investor Contact 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. All statements other than statements of historical facts may be forward-looking statements. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. Last updated: 4 January 2023 at 4:00pm EST. 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. Bridge Investment Group picked up a Deerfield Beach warehouse for $15.2 million. https://www.businesswire.com/news/home/20210119005691/en/. Adam O'Farrell. QuoteMedia. Prior to his position as CEO of Citigroups Asia Institutional Clients Group, Robert served as the Head of Global Investment Banking for Citigroup, based in New York.Robert is a 1977 graduate of Yale College, Phi Beta Kappa and magna cum laude, and a 1981 graduate of the Harvard Business School and the Harvard Law School.Robert serves on a variety of charitable organization boards, including as Chairman of the Yale Presidents Council on International Activities, the Grand Teton National Park Foundation Resource Council and the Whitney Museum Directors Council. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. All Rights Reserved. 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. Assuming a successful IPO, the companys enterprise value at IPO would approximate $1.6 billion, excluding the effects of underwriter over-allotment options. Bridge ended 2020 with over $25 billion of AUM. 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 Bridge reported strong results for the third quarter. PD=Previous Day. Data delayed Market Data copyright 2023 QuoteMedia. Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. Kaitlin Newingham 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. Bridge Office Fund Manager LLC (Bridge Office) targets value-add commercial office assets in US prime suburban submarkets. He serves on the Firms investment committees, leads the Board of Directors and helps to develop strategy and execution for the Firm.Prior to joining Bridge, Robert served as CEO of Citigroups Asia Institutional Clients Group from 2004-2008, which included financial services in 17 countries employing over 14,000 people. Use tab to navigate through the menu items. 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. Distributable Earnings of Bridge Investment Group Holdings LLC . 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. Prince Investment Group Llc. Miramar, Fl Robert Morse Age : 66 Public asset : 788,819,788 USD Country of residence : Unknown Linked companies : Amkor Technology, Inc. - Bridge Investment Group Holdings Inc. 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. Get them exclusively at IPO Edge. 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. 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. New Industrial Strategy to be led by the newly appointed Bridge Industrial Net Lease team. Bridge Investment Group to Launch Single-family Rental Strategy Through 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. Mr Morse is 66, he's been the Exec. Chairman at Bridge Investment. (877) 866-4540 The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. 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. 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. Please see below for criteria for TIGER 21 Membership. Home - Banyan Investment Group Mr. Morse served as Chief Executive Officer of Citigroups Asia Institutional Clients Group from April 2004 to October 2008, where he provided direct management oversight of Citigroups $5 billion of proprietary capital. View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005691/en/, Media: Bridge Investment Group Holdings Inc. 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 Managements presentation of the company roadshow is available here. There are no executives at Bridge Investment getting paid more. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 17.09%. 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.. The largest trade he's ever made was exercising 20,000 units of Bridge Investment stock on 24 May 2022 worth over $93,600. Robert Morse - Bridge Charlotte Morse Additional disclosure: My research is focused on identifying quality IPO companies at a reasonable price. mesurer votre utilisation de nos sites et applications. Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease. Katie Elsnab. 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. As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. 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. It currently has one President. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Bridge believes it is the leading Opportunity Zone Fund manager. RT=Real-Time, EOD=End of Day, 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 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. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. 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 has made over 2 trades of the Bridge Investment stock since 2015, according to the Form 4 filled with the SEC. 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 intends to raise $300 million in gross proceeds from an IPO of its Class A common stock, offering 18.75 million shares at a proposed midpoint price of $16.00 per share. Free cash flow during the twelve months ended March 31, 2021, was $129 million. Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. Robert Randolph Morse Net Worth (2023) | wallmine Bridge Investment Group Holdings Inc. Reports Second Quarter - Yahoo! Robert Randolph Morse Net Worth (2023) | wallmine Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. 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. 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"). Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. 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. PD=Previous Day. 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. Most recently he exercised 20,000 units of BRDG stock worth $93,600 on 24 May 2022. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States. 5.0 . 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. I am not receiving compensation for it (other than from Seeking Alpha). *Please note that meeting the specific quantitative requirement of a minimum of $10MM in investable assets does not automatically guarantee admittance into TIGER 21. ET to discuss its fourth quarter and full year 2022 results. 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. 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. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. 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. 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. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. 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. 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. 2023 Bridge Investment Group Holdings LLC. 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. 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. On average, Mr trades about 1,579 units every 130 days since 2013. Chief Operating Officer. There are currently three active principals. 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. Terms of Use. 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. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. I am excited to further cultivate our ESG work in 2021 and beyond as we pursue solar initiatives, expand sustainability reporting, continue growing our social and community programming, further enhance green sustainability activity across our assets, and promote continued DE&I progress firmwide.. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. 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. QuoteMedia. 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. 2023 Bridge Investment Group Holdings LLC. Executive Chairman. 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. Charlotte Morse Our Team | Bridge Investment Group To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Bridge is a privately-held real estate investment management firm with $25+ billion in assets under management as of December 31, 2020. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. 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 has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. RT=Real-Time, EOD=End of Day, 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. 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. The firm operates as a vertically integrated real estate investment manager. Chairman at Bridge Investment. 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. 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. 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. 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.. Kaitlin Newingham 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. Jonathan Slager. I have no business relationship with any company whose stock is mentioned in this article. This Florida Limited Liability company is located at 2049 SW 118TH AVE, MIRAMAR, FL, 33025 and has been running for three years. 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.
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