646-818-9050 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. 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. The firm seeks to directly operate the properties it owns, which now span 40 U.S. states in both primary and secondary markets. Bridge Investment Group Holdings Inc. (BRDG). 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. knewingham@prosek.com No existing shareholders have indicated an interest to purchase shares at the IPO price. 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 Randolph Morse is the Exec. Get them exclusively at IPO Edge. SALT LAKE CITY, Utah--(BUSINESS WIRE)-- 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. Robert Morse, Bridges Executive Chairman, remarked Bridge delivered another strong year of financial results despite a challenging macroeconomic environment. 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. Salt Lake City, Utah-based Bridge was founded to develop a nationwide platform to provide institutional and individual investors with exposure to a variety of asset classes within the real estate sector in the United States. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. charlotte.morse@bridgeig.com, Jonathan Keehner / Kara Brickman / Erik Carlson Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Bridge Investment Group Holdings, Inc. (BRDG) Q3 2022 Earnings Call He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. 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.. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. 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. On occasion, TIGER 21 also reports on findings from Member surveys on various investment topics and macro trends. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. *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. Bridge Investment Group Buys Deerfield Beach Warehouse - The Real Deal If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. 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. 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.. On average, Mr trades about 1,579 units every 130 days since 2013. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. All statements other than statements of historical facts may be forward-looking statements. 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. 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. Terms of Use. To lead this new strategy, Bridge appointed the Bridge Industrial Net Lease team, which has a combined 70 years of experience in the real estate and finance industries collectively. 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 transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals. 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 Investment Group The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. Bridge markets its funds through RIAs (Registered Investment Advisors) and directly to high-net-worth individuals, family offices and institutional investors. 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 Chairman Robert Morse and the Willet's . The most recent stock trade was executed by Deborah C Hopkins on 20 July 2021, trading 6,000 units of BRDG . 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. (Source). 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. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. https://www.businesswire.com/news/home/20230214005295/en/. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. Market Data powered by 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. The firms financials show growing topline revenue and net income, though reduced cash flow from operations. 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. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. Chairman at Bridge Investment. 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. The presentation is titled Fourth Quarter 2022 Earnings Presentation.. 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. RT=Real-Time, EOD=End of Day, As the Exec. 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. As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. 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. Furthermore, we are re-evaluating our DE&I practices with the help of an outside consultant and with their help will be implementing several new DE&I initiatives in 2021. Selected highlights from 2020 included the rollout of several employee empowerment groups, an expanded recruiting process that includes Historically Black Colleges and Universities, and the institution of paid time off for election voting. 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. . ET to discuss its fourth quarter and full year 2022 results. There are no executives at Bridge Investment getting paid more. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. He has over 30 years of experience in investment banking, commercial banking, and private equity fund management. Bridge Investment Group On the strategy launch, Robert Morse, Executive Chairman of Bridge, said: Bridge sees key market opportunity in the industrial real estate sector. 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. 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. This report is intended for educational purposes only and is not financial, legal or investment advice. 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. Renewals and new leases in the fourth quarter surpassing that of the fourth quarter of 2019, and the number of leases signed in 2020 exceeded 2019. 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. RT=Real-Time, EOD=End of Day, Citigroups Asian institutional businesses included corporate banking, investment banking, markets and transaction services in 17 countries employing over 14,000 employees. Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. 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. Bridge Investment Group Holdings has filed to raise $300 million in a U.S. IPO. Bridge Investment executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Chief Financial Officer. Free cash flow during the twelve months ended March 31, 2021, was $129 million. 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. All Rights Reserved. He is also on the board of Amkor Technology, Inc. Robert Morse. 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. Driving Directions to Miramar Beach, FL including road conditions, live traffic updates, and reviews of local businesses along the way. As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more. 646-818-9050 Data delayed Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Bridge Office Fund Manager LLC (Bridge Office) targets value-add commercial office assets in US prime suburban submarkets. 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. 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. Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. 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"). Source: Bridge Investment Group Holdings Inc. Market Data copyright 2023 QuoteMedia. Mr has made over 2 trades of the Bridge Investment stock since 2015, according to the Form 4 filled with the SEC. Robert Morse - TIGER 21 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. 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. Prosek Partners Bridge announced its intention to deploy over $2.5 billion in this strategy over the next three years. SALT LAKE CITY, (BUSINESS WIRE) -- Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") announced today their 2023 promotions to Senior Managing. 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. 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. There are no older and 5 younger executives at Bridge Investment. 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. 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. This Domestic for Profit company is located at 13331 SW 45TH DRIVE, MIRAMAR, FL, 33027 and has been running for eleven years. 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. Free cash flow for the twelve months ended March 31, 2021, was $129 million. 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. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. Mr. Morse currently serves on the investment committees for the general partners of Bridge MF/CO Funds I, II, and. 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 ended 2020 with over $25 billion of AUM. Tj Stanley Investment Group,Inc. of Florida 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. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. 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 View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: Robert's mailing address filed with the SEC is C/O BRIDGE INVESTMENT GROUP HOLDINGS INC, 111 EAST SEGO LILY DRIVE, SUITE 400, SANDY, UT, 84070. 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. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. Our Team | Bridge Investment Group Last updated: 1 March 2023 at 11:00am EST. All content is posted anonymously by employees working at Bridge Investment Group. Joele Frank, Wilkinson Brimmer Katcher mesurer votre utilisation de nos sites et applications. 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. Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full This is a mid-tier performance for all major underwriters during the period. Now is your opportunity to do even more for you and for others. Investors: The funds used to redeem some of the Class A Units held directly or indirectly by certain of the Original Equity Owners will not be available to us for use in connection with our future growth initiatives. 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. 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. Robert Randolph Morse Net Worth (2023) | wallmine 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. Executive Chairman. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. 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. 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. 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. 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. 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). Adam O'Farrell. Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full Bridge Multifamily is a fully-integrated manager with over 900 professionals focused on multifamily property management. Isela Rosales, MD of ESG at Bridge, further mentioned that 2020 was a milestone year for Bridge on the ESG front. 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. 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. The Company will host a conference call on February 14, 2023 at 8:30 a.m. 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. 2023 Bridge Investment Group Holdings LLC. Data delayed Robert Morse. Last updated: 4 January 2023 at 4:00pm EST. Since 2019 and across three funds, Bridge has raised and deployed nearly $2 billion of equity to pursue 35 development projects aggregating $4.5 billion of value. 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. 15 minutes unless otherwise indicated (view 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. 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. 2023 Bridge Investment Group Holdings LLC. 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. 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. John P. - Partner Emeritus - Bridge Investment Group | LinkedIn 15 minutes unless otherwise indicated (view Charlotte.Morse@bridgeig.com, Internet Explorer presents a security risk.