robert morse bridge investment group net worth

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. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. https://www.businesswire.com/news/home/20210119005691/en/. 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 I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Biography of Robert Morse Founder of Primus Financial Holdings Ltd., Robert R. Morse currently is Executive Chairman of Bridge Investment Group Holdings, Inc. Members of IPO Edge get the latest IPO research, news, and industry analysis. These are qualitative in nature and are at the discretion of TIGER 21 and the Chair of the Group. 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. Effective as of today, this team will be led by Chief Executive Officer (CEO), Mike Sodo; Co-Chief Investment Officer (Co-CIO), Matt Tucker; and Co-CIO, Brandon Flickinger. As Co-CIO, Mr. Flickinger oversees the sourcing, negotiating and structuring of investments throughout the U.S. 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. Bridge Investment Group Holdings Inc. Bridge believes it is the leading Opportunity Zone Fund manager. No existing shareholders have indicated an interest to purchase shares at the IPO price. View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: A figure under 10% is generally considered a low float stock which can be subject to significant price volatility. Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. Bridge Investment, led by Executive Chairman Robert Morse, has about $31.8 billion in real estate assets under . SALT LAKE CITY, August 08, 2022--Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge" or the "Company") today reported its financial results for the second quarter ended June 30, 2022. Robert Morse, Bridges Executive Chairman, remarked Bridge delivered another strong year of financial results despite a challenging macroeconomic environment. Acquisition of Newbury Partners View press release View presentation. As of March 31, 2021, management said it had approximately $26 billion of AUM across its funds and other investment vehicles. QuoteMedia. OF FLORIDA is an Active company incorporated on November 16, 2012 with the registered number P12000095484. 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. 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. Now is your opportunity to do even more for you and for others. Charlotte Morse Bridge Investment Group Launches Logistics Platform | GlobeSt 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. Chairman of Bridge Investment since . The estimated Net Worth of Robert Randolph Morse is at least $2.32 Million dollars as of 24 May 2022. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Driving Directions to Miramar Beach, FL including road conditions, live traffic updates, and reviews of local businesses along the way. Our Team | Bridge Investment Group Start with a 14-day Free Trial. Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. Charlotte.Morse@bridgeig.com. 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. 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. 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. . This report is intended for educational purposes only and is not financial, legal or investment advice. 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. Robert Morse, Bridge's Executive Chairman, remarked "Bridge delivered another quarter of strong results with fundraising inflows of $1.3 billion, driven by continued demand for our flagship . 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. 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 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. The most active insiders traders include Chad A Leat, Robert Randolph Morse, and Deborah C Hopkins . Is this happening to you frequently? 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. Bridges specialized investment teams deploy capital into high-growth, resilient sectors of multifamily residential, prime suburban commercial office and seniors housing. ET to discuss its fourth quarter and full year 2022 results. Charlotte Morse Most recently, Bridge launched its Logistics Net Lease and Logistics Properties platforms focusing on the acquisition of Class A and B industrial properties in the top 75 MSAs in the U.S. as well as potential development of new properties in infill, last-mile driven markets. 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. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Robert Morse. Bridge Investment Group Holdings, Inc. (BRDG) Q3 2022 Earnings Call 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. Bridge Investment Group to Launch Single-family Rental Strategy Through Also, the company has over 6,500 fund investors representing 57% of committed capital and 115 institutional investors accounting for the other 47%. The firm seeks to directly operate the. 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. Get them exclusively at IPO Edge. 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. I have no business relationship with any company whose stock is mentioned in this article. 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, affordable housing, opportunity zones, and debt strategies. 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. In addition, he makes $1,305,863 as Exec. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. Robert Morse - Biography - MarketScreener.com 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. Please. 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. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. There are other important, less easily defined requirements that also need to be met. As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. 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. Bridge Investment Group Chairman Robert Morse and the Willet's . Executive Chairman. 646-818-9050 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. 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. 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. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. 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 transaction is expected to close in the first half of 2023 and is subject to customary closing conditions, including regulatory and investor approvals. 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. Mr has made over 2 trades of the Bridge Investment stock since 2015, according to the Form 4 filled with the SEC. We observe both the letter and spirit of the Opportunity Zone legislation and are proud to be able to include an affordable housing component to our developments whenever possible, and to develop with the highest environmental standards possible. 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. All Rights Reserved. A significant current supply/demand imbalance, coupled with approaching functional obsolescence of meaningful supply, provides the fundamentals for an extraordinary investment opportunity. Bridge Investment Group Raises $500M Opportunity Zone Fund Bridge Investment Group Raises $2.9 Billion for Bridge Debt Strategies An audio replay of the conference call will be available approximately three hours after the conference call until 11:59 p.m. 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. The S&P 500 Index no longer admits firms with multiple classes of stock into its index. 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 There are no executives at Bridge Investment getting paid more. 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. Brad Andrus. John P. - Partner Emeritus - Bridge Investment Group | LinkedIn Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. Chairman at Bridge Investment. The largest trade he's ever made was exercising 20,000 units of Bridge Investment stock on 24 May 2022 worth over $93,600. Please disable your ad-blocker and refresh. 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. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space. 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. 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. 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. 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. Additionally, Mr. Morse was a co-founder of SSB Capital Partners, a $400 million private equity fund formed in 2000. 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.. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. 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. Chief Financial Officer. The market opportunity for being a vertically integrated real estate management firm in the U.S. is substantial, especially during a period following the COVID-19 pandemic, which may present some interesting buying opportunities for nimble investors. The transaction will add significant assets to the Bridge platform, while enabling Bridge to expand into the rapidly growing private equity secondaries market. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. Brian . I wrote this article myself, and it expresses my own opinions. Chief Operating Officer. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Mr Morse owns over 20,000 units of Bridge Investment stock worth over $964,420 and over the last 10 years he sold BRDG stock worth over $0. 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. It currently has one President. Mr Morse is 66, he's been the Exec. Terms of Use. 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. Distributable earnings per share increased 12% year-over-year to $0.29, driven by the consistent growth in fee-earning AUM and management fee. 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 company . Bridge Office Fund Manager LLC (Bridge Office) targets value-add commercial office assets in US prime suburban submarkets. Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn 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. 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. 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.. 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. . Kaitlin Newingham TIGER 21, LLC is not affiliated or associated with Tiger Management, L.L.C, Julian Robertson, or any investment manager or fund operated or licensed by Tiger Management L.L.C, Chairman, Bridge Investment Group Partners, LLC. 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. Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. Mr. Morse served as Chief Executive Officer of Citigroups Asia Institutional Clients Group from April 2004 to October 2008, where he provided direct management oversight of Citigroups $5 billion of proprietary capital. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. Charlotte Morse Bridge Investment Group Bridge Investment Group Buys Deerfield Beach Warehouse - The Real Deal On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. 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. Bridge Investment Group Holdings has filed to raise $300 million in a U.S. IPO. The underlying investments, in Government-guaranteed agency mortgage backed securities have never experienced a single dollar of defaults. 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. 646-844-0901 Robert Morse - Executive Chairman - Bridge Investment Group | LinkedIn Robert Morse Executive Chairman: Bridge Investment Group Wilson, Wyoming, United States 1K followers 500+ connections. (Source). 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.

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