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. 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. 35 years experience in real estate, finance and software companies. Free cash flow during the twelve months ended March 31, 2021, was $129 million. 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. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. Joele Frank, Wilkinson Brimmer Katcher Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. John P. - Partner Emeritus - Bridge Investment Group | LinkedIn There are no executives at Bridge Investment getting paid more. QuoteMedia. There are no older and 5 younger executives at Bridge Investment. QuoteMedia. 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. Bridge Investment Group Announces Managing Director, Senior Managing I am not receiving compensation for it (other than from Seeking Alpha). The presentation is titled Fourth Quarter 2022 Earnings Presentation.. 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. Robert Morse - TIGER 21 Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 646-844-0901 (877) 866-4540 Bridge Investment Group Launches Bridge Industrial Net Lease Strategy Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full Directions to Miramar Beach, FL - MapQuest All content is posted anonymously by employees working at Bridge Investment Group. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. No existing shareholders have indicated an interest to purchase shares at the IPO price. Managements presentation of the company roadshow is available here. Our Team | Bridge Investment Group As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Bridge Investment Group Holdings Inc. Bridge markets its funds through RIAs (Registered Investment Advisors) and directly to high-net-worth individuals, family offices and institutional investors. Bob Morse, Bridge Investment Group LLC: Profile and Biography Tenant demands require asset owners to be engaged and responsive, and prioritize the prime suburban locations that have always been the Bridge focus.. 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. 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%. 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. Our Team | Bridge Investment Group ET to discuss its fourth quarter and full year 2022 results. Additional disclosure: My research is focused on identifying quality IPO companies at a reasonable price. Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. Bridge Investment Group Raises $500M Opportunity Zone Fund Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. Bridge Investment Group Raises $2.9 Billion for Bridge Debt Strategies I have no business relationship with any company whose stock is mentioned in this article. 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. Use tab to navigate through the menu items. Bridge reported strong results for the third quarter. 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). 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Last updated: 4 January 2023 at 4:00pm EST. Bridge Debt Strategies Fund Manager LLC (Bridge Debt Strategies) employs an all-weather, income-focused strategy to create a diversified portfolio, focusing on a mix of first mortgage floating-rate loans, and Freddie Mac K-Series subordinated tranches. 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. We see continued opportunity in many markets and many verticals as we head into 2021.. The S&P 500 Index no longer admits firms with multiple classes of stock into its index. 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. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. 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. Prosek Partners 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. On a basic and diluted basis, net income attributable to Bridge per share of Class A common stock was $0.44. An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 p.m. 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. 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.. 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. Use tab to navigate through the menu items. Brandon Flickinger, 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 18 years of experience in the real estate, finance, and investment banking industries. *Total 4,200 employees include employees of professional employer organizations at sites managed by Bridge Senior Living LLC. 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. From 1999 to 2004, Mr. Morse served as the Co-Head and then Head of Global Investment Banking for Citigroup. All Rights Reserved. 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.. 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. The firms financials show growing topline revenue and net income, though reduced cash flow from operations. Bridge ended 2020 with over $25 billion of AUM. I wrote this article myself, and it expresses my own opinions. Market Data powered by Bridge Investment Group has raised $500 million for its Opportunity Zone Fund, and will begin targeting projects nationwide. As leaders in a private market solution to workforce housing, we continue to prove that you can do well by doing good, said Brock Andrus, Deputy Chief Investment Officer of Bridges Workforce & Affordable Housing strategy. 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. 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. Mar 2021 - Present2 years Salt Lake City, Utah, United States In 2008, John S Pennington Jr co-founded Bridge Investment Group's $28 billion family of private equity investment funds that. 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. 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. As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. Any forward-looking statement speaks only as of the date on which it is made. RT=Real-Time, EOD=End of Day, Working at Bridge Investment Group | Glassdoor This is a mid-tier performance for all major underwriters during the period. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson Free cash flow for the twelve months ended March 31, 2021, was $129 million.