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Bridge Investment Group Holdings Inc. (BRDG) is a distinguished, vertically integrated investment manager. Headquartered in Salt Lake City, Utah, the company is renowned for its diversified specialization across various asset classes, including real estate, credit, renewable energy, and secondaries strategies.
Core Business: Bridge-IGP operates primarily as an alternative investment manager, offering a broad range of products that cater to different investment objectives. With approximately $2.4 billion in assets under management, Bridge-IGP and its affiliates manage an additional $600 million in real estate assets. This extensive portfolio includes over 32,000 apartment units across 17 states and around 2.2 million square feet of commercial office property.
Recent Achievements and Current Projects: Bridge Investment Group continues to expand its footprint through strategic acquisitions and innovative investment solutions. The company leverages its nationwide operating platform and dedicated teams of professionals to identify and capitalize on new market opportunities.
Financial Condition: With a robust asset management portfolio and a comprehensive approach to alternative investment, Bridge Investment Group maintains a strong financial standing. This stability enables the company to support its broad spectrum of investment strategies and meet diverse investor needs.
Partnerships and Products: The company's vertical integration allows it to efficiently manage and grow its investment platforms. Partnerships with industry leaders and a commitment to sustainability through renewable energy investments highlight Bridge Investment Group's forward-thinking approach.
In summary, Bridge Investment Group Holdings Inc. is a formidable player in the investment management sector, known for its diversified and synergistic investment platforms. With a strong focus on real estate and alternative investments, the company is well-positioned to continue its growth and deliver value to its investors.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) has successfully closed the acquisition of certain assets from Gorelick Brothers Capital, LLC (GBC), including 60% of GBC's business valued at $50 million. The acquisition is financed with 50% cash and 50% units of Bridge Investment Group Holdings LLC. Additionally, a $660 million recapitalization of a single-family rental (SFR) portfolio comprising over 2,700 homes across 14 markets was completed. The partnership aims to enhance Bridge's position in the rapidly growing SFR market.
Bridge Investment Group Holdings (NYSE: BRDG) announced promotions within its leadership team for 2022, elevating Seunghwan Lee to Senior Managing Director and recognizing nine individuals as Managing Directors. Executive Chairman Robert Morse praised the contributions of the new Managing Directors, emphasizing their potential for guiding the firm's future. The promotions reflect Bridge's continuing growth and commitment to excellence in real estate investment management, with approximately $31.8 billion in assets under management as of September 30, 2021.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) announced its acquisition of 60% of Gorelick Brothers Capital (GBC) for $50 million. This includes a portfolio of single-family homes and a majority of GBC's asset management business. The deal aims to capitalize on the single-family rental market, expected to close in Q1 2022, pending approvals. Bridge plans to jointly own a new SFR investment manager with GBC, enhancing its residential investment strategy amidst a U.S. housing shortage.
Bridge Investment Group Holdings (NYSE: BRDG) has partnered with The Townsend Group to establish a joint venture aiming to deploy up to $400 million in equity for acquiring, developing, and operating logistics assets in the U.S. This collaboration marks a crucial step in Bridge's logistics strategy, as expressed by CEO Jay Cornforth. Townsend, a seasoned investor in logistics with $7.9 billion invested since 2015, recognizes Bridge's capability in executing this market strategy effectively. The combined expertise positions them favorably in the evolving logistics landscape.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported strong financial results for Q3 2021, with total revenue of
Bridge Investment Group Holdings Inc. (NYSE: BRDG) will announce its third quarter 2021 financial results after market close on November 11, 2021. A conference call to discuss the results is scheduled for November 12, 2021, at 8:30 am ET. Interested participants can join via phone or live webcast. As of June 30, 2021, Bridge managed approximately $28.7 billion in assets across various U.S. real estate verticals, illustrating its diversified investment approach.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) reported strong financial results for Q2 2021, with Total Revenue of $72.0 million and Investment Income of $79.9 million. The Net Income applicable to the Operating Company was $83.2 million, and Distributable Earnings reached $55.7 million. Following its IPO on July 20, 2021, the company emphasized growth potential in the logistics sector and reported new highs in fee-paying AUM and distributable earnings. Bridge holds approximately $28.7 billion in assets under management, focusing on U.S. real estate verticals.
Bridge Investment Group Holdings Inc. (NYSE: BRDG) will announce its second quarter 2021 financial results on August 10, 2021, after market close. The management will discuss the results in a conference call on August 11, 2021, at 8:30 am ET. Interested parties can participate by calling 1-877-405-1210 (Toll Free) or through a live webcast. An audio replay will be available post-call until August 25, 2021. As of March 31, 2021, Bridge manages approximately $26 billion in assets across various U.S. real estate verticals, including multifamily and logistics properties.
Bridge Investment Group Holdings has priced its initial public offering at $16.00 per share, offering 18,750,000 shares of Class A common stock. An additional 2,812,500 shares are available for underwriters to purchase within 30 days. Trading on the NYSE under the ticker symbol 'BRDG' is set to start on July 16, 2021, with the offering expected to close on July 20, 2021. Morgan Stanley, J.P. Morgan, and Citigroup serve as lead managers. Bridge manages approximately $26 billion in assets across various real estate sectors.
Bridge Investment Group Holdings has initiated an initial public offering (IPO) of 18,750,000 shares of its Class A common stock, with pricing expected between $15.00 and $17.00 per share. Additionally, underwriters may purchase up to 2,812,500 shares within 30 days at the IPO price. The shares will be listed on the NYSE under the symbol "BRDG." The offering is managed by Morgan Stanley, J.P. Morgan, and Citigroup, among others. It's crucial to note that the registration statement for the IPO is pending effectiveness.
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