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. Additional disclosure: My research is focused on identifying quality IPO companies at a reasonable price. Chief Financial Officer. Bridge Investment Group Holdings Inc. Bridge announced its intention to deploy over $2.5 billion in this strategy 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. 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. On a basic and diluted basis, net income attributable to Bridge per share of Class A common stock was $0.44. Executive Chairman. 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. On the appointment of the Bridge Industrial Net Lease team, Morse said: We are thrilled to welcome Mike, Matt, Brandon and James to the Bridge team. The firm seeks to directly operate the. Robert Morse - Bridge Looking for more investing ideas like this one? 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. Chairman of Bridge Investment, the total compensation of Mr Morse at Bridge Investment is $1,305,863. Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 17.09%. 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 QuoteMedia. Robert Morse. 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. Last updated: 4 January 2023 at 4:00pm EST. Chief Operating Officer. All Rights Reserved. PD=Previous Day. In addition, he makes $1,305,863 as Exec. 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 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. 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. 646-844-0901 Adam O'Farrell. Bridge reported strong results for the third quarter. 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. 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. Working at Bridge Investment Group | Glassdoor 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. 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. He previously held a variety of senior positions since joining Salomon Brothers in 1985. Stock Market - The Buffalo News 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. . 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. This report is intended for educational purposes only and is not financial, legal or investment advice. As CEO, Mr. Sodo oversees the business activities of the vertical, including real estate investment decisions, banking relationships, capital origination, investor relations, and executive oversight of the vertical. The estimated Net Worth of Robert Randolph Morse is at least $2.27 Million dollars as of 24 May 2022. The firms financials show growing topline revenue and net income, though reduced cash flow from operations. 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 Bridge Investment Group 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. Chairman at Bridge Investment. 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 launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. Class A common stockholders will be entitled to receive one vote per share and Class B shareholders will receive ten votes per share. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. 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. 51 Ratings. You can see the complete history of Mr Morse stock trades at the bottom of the page. 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. dvelopper et amliorer nos produits et services. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. Brian . The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins. 15 minutes unless otherwise indicated (view (877) 866-4540 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); TIGER 21 is the premier membership community for high-net-worth wealth creators and preservers. 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.. Bridge Investment Group Announces Managing Director, Senior Managing 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. Our significant real estate investment experience and boots on the ground operating platforms allows Bridge to provide a fully-integrated investment and property management process to identify attractive opportunities and proactively manage the assets to optimization, concluded Morse. Last updated: 1 March 2023 at 11:00am EST. 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. Now is your opportunity to do even more for you and for others. There are no executives at Bridge Investment getting paid more. 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. Acquisition of Newbury Partners View press release View presentation. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . New Industrial Strategy to be led by the newly appointed Bridge Industrial Net Lease team. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. 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.