Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. 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. Start with a 14-day Free Trial. 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. 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. Acquisition of Newbury Partners View press release View presentation. 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. In his past career Mr. Morse was Chairman, Managing Director & Co-CEO at Primus Financial Holdings Ltd., Chairman & Chief Executive Officer for PMC Partnership Ltd., CEO-Asia Institutional Clients Group at Citigroup, Inc. and Head-Investment Banking at Salomon Smith Barney, Inc. (a subsidiary of Citigroup, Inc.) and Principal at Salomon Brothers. Assuming a successful IPO, the companys enterprise value at IPO would approximate $1.6 billion, excluding the effects of underwriter over-allotment options. *Total 4,200 employees include employees of professional employer organizations at sites managed by Bridge Senior Living LLC. 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. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . I wrote this article myself, and it expresses my own opinions. SALT LAKE CITY, Utah-- (BUSINESS WIRE)-- 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. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. 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. Our employees drive our success with the shared focus to build a better future for our investors, tenants, residents, and communities. 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 15 minutes unless otherwise indicated (view This Florida Limited Liability company is located at 2049 SW 118TH AVE, MIRAMAR, FL, 33025 and has been running for three years. Bridge Investment Group Holdings Inc. issued a full detailed presentation of its fourth quarter and full year 2022 results, which can be viewed on the Investors section of our website at www.bridgeig.com. 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. Source: Bridge Investment Group Holdings Inc. Market Data copyright 2023 QuoteMedia. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Bridge Investment Group Holdings Inc. 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. 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. The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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 stock currently worth $96,000. 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. 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. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. Bridge Investment Group and its affiliates (Bridge) announced today selected financial and operating results for 2020. 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. Most recently he exercised 20,000 units of BRDG stock worth $93,600 on 24 May 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. 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. 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. Last updated: 1 March 2023 at 11:00am EST. This is the Bridge Investment Group company profile. Below is a brief overview video of Bridge: Below is a map of the firm's asset types and coverage: Bridge has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. 646-844-0901 QuoteMedia. I have no business relationship with any company whose stock is mentioned in this article. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. 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. . Our team is focused on creating transit-oriented work/live/play mostly multifamily developments that are positive catalysts for job growth and urbanization in these communities. Bridge reported strong results for the third quarter. 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. Use tab to navigate through the menu items. Bridge Investment Group Bridge AMBS has had a successful year deploying capital into the agency mortgage-backed securities market. 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. The Bridge Cares COVID-19 Relief Fund, 100% funded by Bridge principals and affiliates, provided almost $2 million of financial assistance to residents, delivered over 60,000 meals to residents and assisted in gaining access other support. In addition, he makes $1,305,863 as Exec. Biography of Robert Morse Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. Kaitlin Newingham Bridge Investment Group picked up a Deerfield Beach warehouse for $15.2 million. Nous, Yahoo, faisons partie de la famille de marques Yahoo. On occasion, TIGER 21 also reports on findings from Member surveys on various investment topics and macro trends. Data delayed 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. In connection with the transactions, Bridge is acquiring 60% of GBC's business, valued at $50 million. 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. 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. 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. TIGER 21 Chairs have achieved the kind of success most people can only imagine. 15 minutes unless otherwise indicated (view There are other important, less easily defined requirements that also need to be met. 646-844-0901 Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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. Now is your opportunity to do even more for you and for others. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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.. Robert Randolph Morse is the Exec. Bridge Multifamily is a fully-integrated manager with over 900 professionals focused on multifamily property management. 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. 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 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. The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. Bridge is a privately-held real estate investment management firm with $25+ billion in assets under management as of December 31, 2020. From 1999 to 2004, Mr. Morse served as the Co-Head and then Head of Global Investment Banking for Citigroup. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. There are currently three active principals. I have no business relationship with any company whose stock is mentioned in this article. Bob Morse, Bridge Investment Group LLC: Profile and Biography - Bloomberg Markets Bloomberg TV+ Next Big Risk Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the. 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. 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. https://www.businesswire.com/news/home/20230214005295/en/. Looking for more investing ideas like this one? Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. 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.. 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. Joele Frank, Wilkinson Brimmer Katcher There are no executives at Bridge Investment getting paid more.