(212) 355-4449. Kaitlin Newingham Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Bridge Investment Group Chairman Robert Morse and the Willet's . 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. A breakdown of Bridges vertical investment theses and highlights from 2020 are included below: Designed to target development and re-development projects in underserved areas, Bridges Opportunity Zone strategy provides attractive real estate exposure along with the tax benefits associated with opportunity zone investment. Bob Morse, Bridge Investment Group LLC: Profile and Biography Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. No existing shareholders have indicated an interest to purchase shares at the IPO price. 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. All Rights Reserved. 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. Bridge Investment Group 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. Bridge Investment Group Holdings has filed to raise $300 million in a U.S. IPO. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . 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. 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 Our employees drive our success with the shared focus to build a better future for our investors, tenants, residents, and communities. 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. 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. 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 . 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. 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. The company . shareholderrelations@bridgeig.com, Media: 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. 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. mesurer votre utilisation de nos sites et applications. The firms financials show growing topline revenue and net income, though reduced cash flow from operations. From 1999 to 2004, Mr. Morse served as the Co-Head and then Head of Global Investment Banking for Citigroup. 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. Is this happening to you frequently? Get them exclusively at IPO Edge. Bridge Investment Group Holdings, Inc. (BRDG) Q3 2022 Earnings Call 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.. As the Exec. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. Get IPO Edge with actionable research on next-generation high growth stocks. We delivered outstanding results to our investors, we provided critical support to our resident and tenant communities and continued to strengthen our organization in a myriad of ways. PRINCE INVESTMENT GROUP LLC is an Inactive company incorporated on July 17, 2020 with the registered number L20000208076. 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. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. 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. Bridge Investment Group to Launch Single-family Rental Strategy Through RT=Real-Time, EOD=End of Day, knewingham@prosek.com, Investor Contact Chairman of Bridge Investment since . Senior Managing Director & President, Bridge Debt Capital Markets . On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $46,431. Robert Morse - Bridge Bridge Investment Group Finalizes $300 Million IPO Plan These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. QuoteMedia. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in any vehicle managed by Bridge or any of its affiliates. Data delayed View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: 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. 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.. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson Charlotte 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 Investment Group Raises $2.9 Billion for Bridge Debt Strategies Executive Chairman. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. 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. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States. Robert Morse - Biography - MarketScreener.com Jonathan Slager. 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The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. Participants are asked to dial in a few minutes prior to the call to register for the event. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. We see continued opportunity in many markets and many verticals as we head into 2021.. 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. 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. There are no older and 5 younger executives at Bridge Investment. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. The underlying investments, in Government-guaranteed agency mortgage backed securities have never experienced a single dollar of defaults. Bridge Investment Group Raises $500M Opportunity Zone Fund A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Directions to Miramar Beach, FL - MapQuest 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. Prosek Partners If you have an ad-blocker enabled you may be blocked from proceeding. Please see below for criteria for TIGER 21 Membership. 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. Acquisition of Newbury Partners View press release View presentation. Mr has made over 2 trades of the Bridge Investment stock since 2015, according to the Form 4 filled with the SEC. 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. Bridge Investment Group Announces Managing Director, Senior Managing 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. 15 minutes unless otherwise indicated (view 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005691/en/, Media: Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. Members of IPO Edge get the latest IPO research, news, and industry analysis. Bridge Investment Group Announces Chief Financial Officer - Yahoo! Looking for more investing ideas like this one? SALT LAKE CITY, Utah--(BUSINESS WIRE)-- Chairman at Bridge Investment. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. The largest trade he's ever made was exercising 20,000 units of Bridge Investment stock on 24 May 2022 worth over $93,600. 51 Ratings. 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. Isela Rosales, MD of ESG at Bridge, further mentioned that 2020 was a milestone year for Bridge on the ESG front. 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. Robert Morse - TIGER 21 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. Katie Elsnab. 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. Free cash flow during the twelve months ended March 31, 2021, was $129 million. Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. 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. Bridge Investment Group to Launch Single-family Rental Strategy Through Bridge ended 2020 with over $25 billion of AUM. Bridge Investment, led by Executive Chairman Robert Morse, has about $31.8 billion in real estate assets under . 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. 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. 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. Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full Accordingly, we caution you that any such forward-looking statements are based on our beliefs, assumptions and expectations as of the date made, taking into account all information available to us at that time. Adam O'Farrell. He is also on the board of Amkor Technology, Inc. Bridge is a privately-held real estate investment management firm with $25+ billion in assets under management as of December 31, 2020. Charlotte Morse Bridge Investment Group Holdings Inc. Reports Second Quarter - Yahoo! As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Joele Frank, Wilkinson Brimmer Katcher Market Data powered by Kaitlin Newingham Terms of Use. Market Data powered by Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins. 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 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. 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. Free cash flow for the twelve months ended March 31, 2021, was $129 million. Our Team | Bridge Investment Group Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. 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 . 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. 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. Bridge Investment Group Launches Logistics Platform | GlobeSt PD=Previous Day. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Robert Randolph Morse is the Exec. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. 646-844-0901 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. . As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. 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. Robert Randolph Morse Net Worth (2023) | wallmine Mr Morse is 66, he's been the Exec. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. In addition, he makes $1,305,863 as Exec. Bridge Investment Group Announces 2022 Managing Director - Yahoo! Terms of Use. 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. 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. As the Exec. TIGER 21 produces a quarterly Asset Allocation Report that measures the aggregate asset allocation exposures of its Members based upon their Portfolio Defense presentations. 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.. 646-844-0901 It currently has one President. 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. I am not receiving compensation for it (other than from Seeking Alpha). knewingham@prosek.com Assuming a successful IPO, the companys enterprise value at IPO would approximate $1.6 billion, excluding the effects of underwriter over-allotment options. 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. Now another company with a significant presence in residential is moving into logistics: Bridge Investment Group LLC, which has announced the launch of Bridge Logistics Properties.
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