(212) 355-4449. This report is intended for educational purposes only and is not financial, legal or investment advice. 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. He is also on the board of Amkor Technology, Inc. Driving Directions to Miramar Beach, FL including road conditions, live traffic updates, and reviews of local businesses along the way. QuoteMedia. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. All content is posted anonymously by employees working at Bridge Investment Group. Chief Financial Officer. 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. Robert Morse. This is the Bridge Investment Group company profile. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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%. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. On a basic and diluted basis, net income attributable to Bridge per share of Class A common stock was $0.44. As the Exec. 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). Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. Kaitlin Newingham We anticipate continuing our Opportunity Zone investment activity into 2021 and remain very excited about this programs impact on these underserved communities.. 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. Any forward-looking statement speaks only as of the date on which it is made. 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. 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. Distributable Earnings of Bridge Investment Group Holdings LLC . 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. OF FLORIDA is an Active company incorporated on November 16, 2012 with the registered number P12000095484. 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.. The Operating Company intends to use the $274.3 million in net proceeds from the sale of Class A Units to Bridge Investment Group Holdings Inc. (or $316.2 million if the underwriters exercise their option to purchase additional shares of Class A common stock), after deducting estimated offering expenses [i] to pay $137.1 million (or approximately $171.0 million if the underwriters exercise in full their option to purchase additional shares of Class A common stock) in cash to redeem certain of the Class A Units held directly or indirectly by certain of the Original Equity Owners and [ii] for general corporate purposes to support the growth of our business. . Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 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. 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. There are other important, less easily defined requirements that also need to be met. Mr. Morse received his Bachelor of Arts from Yale College, his Master of Business Administration from the Harvard Graduate School of Business Administration and his Juris Doctor from Harvard Law School. Market Data powered by
He previously held a variety of senior positions since joining Salomon Brothers in 1985. https://www.businesswire.com/news/home/20230214005295/en/. Robert Morse Age : 66 Public asset : 788,819,788 USD Country of residence : Unknown Linked companies : Amkor Technology, Inc. - Bridge Investment Group Holdings Inc. shareholderrelations@bridgeig.com, Media: Bridge is a privately-held real estate investment management firm with $25+ billion in assets under management as of December 31, 2020. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. 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. 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. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. Senior Managing Director & Co-Chief Investment Officer, Bridge Net Lease. 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. 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). Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. 646-844-0901 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. 5.0 . 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. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. 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. 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. 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. Prosek Partners Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. 646-818-9050 Looking for more investing ideas like this one? https://www.businesswire.com/news/home/20210119005691/en/. 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. Agency MBS issuance volumes have grown over 100% as mortgage rates declined to multi-decade historical lows, boosting demand for refinancing and new home loans, said Mohit Chandarana, Chief Investment Officer of Bridge AMBS. 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. 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. 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. Jeff Shaw, Chief Executive Office of Bridge Commercial Real Estate, commented, Our high performance in 2020 demonstrates the importance of investing in assets in the knowledge economy, and of our in-house leasing and tenant relations capabilities. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 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.. Use tab to navigate through the menu items. Bridge announced its intention to deploy over $2.5 billion in this strategy over the next three years. 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. 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. All statements other than statements of historical facts may be forward-looking statements. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . *Please note that meeting the specific quantitative requirement of a minimum of $10MM in investable assets does not automatically guarantee admittance into TIGER 21. 15 minutes unless otherwise indicated (view
I wrote this article myself, and it expresses my own opinions. 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. 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. The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG . 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.. Bridge has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. Chairman of Bridge Investment since . Bridge Investment, led by Executive Chairman Robert Morse, has about $31.8 billion in real estate assets under . 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 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. 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 Robert Randolph Morse is the Exec. Joele Frank, Wilkinson Brimmer Katcher 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. Bridge Investment Group Holdings Inc. (BRDG). We see continued opportunity in many markets and many verticals as we head into 2021.. TIGER 21 produces a quarterly Asset Allocation Report that measures the aggregate asset allocation exposures of its Members based upon their Portfolio Defense presentations. 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. Robert Morse, Executive Chairman at Bridge said, Both market conditions and operating challenges were unprecedented in the face of the COVID pandemic, and Bridge navigated through difficult conditions well. Bridge ended 2020 with over $25 billion of AUM. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. There are no executives at Bridge Investment getting paid more. . All Rights Reserved. On the strategy launch, Robert Morse, Executive Chairman of Bridge, said: Bridge sees key market opportunity in the industrial real estate sector. 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 . Data delayed
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. Management plans to distribute substantially all of its distributable earnings as dividend on a quarterly basis but provided no guidance or expectation as the initial annual yield post-IPO. 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. The largest trade he's ever made was exercising 20,000 units of Bridge Investment stock on 24 May 2022 worth over $93,600. . Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. Bridge expanded its set of Fixed Income products in 2020; launched amidst the COVID-19 pandemic, the agency mortgage-backed securities strategy managed by Bridge Agency MBS Fund Manager LLC (Bridge AMBS) was met with strong interest from the market, and the investment portfolio has grown to nearly $1 billion to date. Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. 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. . Bridge Investment Group 2023 Bridge Investment Group Holdings LLC. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. Bridge Investment Group is a privately-held real estate investment management firm with $25.0+ billion in assets under management. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Transcript : Bridge Investment Group Holdings Inc., Q4 2022 Earnings Call, Feb 14, 2023, US News will still rank law schools as Georgetown joins boycott, Transcript : Bridge Investment Group Holdings Inc., Q3 2022 Earnings Call, Nov 09, 2022, Transcript : Bridge Investment Group Holdings Inc., Q2 2022 Earnings Call, Aug 09, 2022, Transcript : Amkor Technology, Inc. - Shareholder/Analyst Call, Transcript : Bridge Investment Group Holdings Inc., Q1 2022 Earnings Call, May 10, 2022, Transcript : Bridge Investment Group Holdings Inc., Q4 2021 Earnings Call, Mar 03, 2022. 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. 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.. Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. The company . It currently has one President. Banyan Investment Group is a growing leader in the Hotel Investment and Management industry. 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. Investors: 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. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. Building on Bridges deep industry expertise and multi-cycle track record as a seasoned owner/operator, Bridge Office offers specialized opportunities in acquiring well-located, high-quality office assets with outstanding risk/reward metrics. 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. . As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). Please see below for criteria for TIGER 21 Membership. ET to discuss its fourth quarter and full year 2022 results. Our Professionals LEAD OUR SPECIALIZED VERTICALS WITH FULLY INTEGRATED TEAMS Robert Morse Executive Chairman Jonathan Slager Chief Executive Officer & Co-Chief Investment Officer, Bridge Multifamily Dean Allara Vice Chairman & Head of Client Solutions Group Adam O'Farrell Chief Operating Officer Katie Elsnab Chief Financial Officer Brad Andrus Chairman at Bridge Investment. Please. Charlotte Morse Participants are asked to dial in a few minutes prior to the call to register for the event. dvelopper et amliorer nos produits et services. Charlotte.Morse@bridgeig.com, Internet Explorer presents a security risk. 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. Executive Chairman. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. Bridge Multifamily is a fully-integrated manager with over 900 professionals focused on multifamily property management. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. Source: Bridge Investment Group Holdings Inc. Market Data copyright 2023 QuoteMedia. 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. Assuming a successful IPO, the companys enterprise value at IPO would approximate $1.6 billion, excluding the effects of underwriter over-allotment options. 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.. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. There are no executives at Bridge Investment getting paid more. 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. As the Exec. 51 Ratings. 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. 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. Brian . There are no older and 5 younger executives at Bridge Investment. 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. 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. 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. 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. Market Data powered by
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. (Source). 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.