Robert Randolph Morse Net Worth (2023) | wallmine 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 Please complete this form to receive a copy of the TIGER 21 quarterly Asset Allocation report. Mike Sodo, CEO of Bridge Industrial Net Lease Fund Manager LLC (the Fund Manager) is a co-founder of the vertical and member of the Investment Committee (the Investment Committee) of the general partner of the fund (the General Partner), with over 20 years of experience in the real estate, finance and accounting industries. On average, Mr trades about 1,579 units every 130 days since 2013. delay times for all exchanges). Last updated: 1 March 2023 at 11:00am EST. As the Exec. Prior to his current position, Mr. Sodo was most recently the CFO of Gladstone Commercial Corporation (NASDAQ: GOOD) (Gladstone), a publicly traded REIT with approximately $1.1 billion of assets under management as of December 31, 2020, and previously served as Executive Vice President, CFO and Treasurer of VEREIT (NYSE: VER). Listed bookrunners of the IPO are Morgan Stanley, J.P. Morgan, Citigroup and other investment banks. 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. Kaitlin Newingham 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. Brad Andrus. Data delayed 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 Investment Group Holdings Inc. There are no executives at Bridge Investment getting paid more. Looking forward, were excited about the compelling opportunities for our Renewable Energy and PropTech strategies, as ESG and technological solutions become more critical for the real estate industry., Jonathan Slager, Bridges Chief Executive Officer, added Bridges specialized investment approach, vertically integrated business model, and focus on value-add strategies continues to be a strength in a difficult market. Media Contact Bridge Investment Group Robert Randolph Morse Net Worth (2023) | wallmine 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. 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. We provide the highest level of value to our residents, from best in class amenities to a dedicated social programming center at each community. As of 24 May 2022 he still owns at least 69,583 units of Bridge Investment stock. Executive Chairman. Although we dont have perfect visibility into the expected distribution yield, my sense is that it will be substantially higher than Brookfield or other similar firms, at least initially. *Please note that meeting the specific quantitative requirement of a minimum of $10MM in investable assets does not automatically guarantee admittance into TIGER 21. Tenant demands require asset owners to be engaged and responsive, and prioritize the prime suburban locations that have always been the Bridge focus.. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. (877) 866-4540 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 . 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. For over ten years, we have provided superior, risk adjusted investment returns by acquiring and operating premium select service hotels throughout the United States. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. I wrote this article myself, and it expresses my own opinions. Among the many highlights, Bridge became a UN PRI Signatory, established designated ESG Steering and Diversity, Equity and Inclusion (DE&I) Committees, and received shortlist award recognition from UN PRI and the ESG Investing Awards for its impactful work in the preservation and rehabilitation of affordable housing across the U.S. 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. New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases. 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. Charlotte Morse 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. https://www.businesswire.com/news/home/20230214005295/en/. Bridge reported strong results for the third quarter. 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. We enter 2021 with optimism and resolve, to continue to execute on our mandate to produce first quartile results across our specialized investment verticals., Jonathan Slager, Chief Executive Officer, said, We were able to be opportunistic in selected verticals and markets throughout the year, and our deep local presence in the most attractive markets in the US allowed Bridge to deploy capital into attractively priced assets. Net Income was $18.2 million and $272.4 million for the quarter and year ended December 31, 2022, respectively. 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%. 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. Bridge has equity and debt investments in multifamily, office, workforce housing, senior housing, logistics and other investment classes. Bridge Investment Group Holdings Inc. Reports Third Quarter 2022 View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005295/en/, Shareholder Relations: As a fully vertically-integrated real estate investment manager, Bridge operates almost every asset it acquires or develops. Bridge Investment Group Holdings has filed to raise $300 million in a U.S. IPO. Prince Investment Group Llc. Miramar, Fl 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 picked up a Deerfield Beach warehouse for $15.2 million. Data delayed 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. 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. Bridge Investment Group Reaches $25 Billion in Assets Under Management It currently has one President. . As Executive Chairman, Robert is integrally involved in the management, strategy and capitalization of Bridge. A figure under 10% is generally considered a low float stock which can be subject to significant price volatility. 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. Bridge Investment Group Holdings, Inc. (BRDG) Q3 2022 Earnings Call Accordingly, we caution you that any such forward-looking statements are based on our beliefs, assumptions and expectations as of the date made, taking into account all information available to us at that time. Robert Morse - Bridge https://www.businesswire.com/news/home/20210119005691/en/. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: multifamily, affordable housing, seniors housing . As the Exec. 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 company . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The pandemic has only heightened the acute need for quality workforce and affordable housing in America. 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. Robert Morse has served as Chairman of Bridge and Executive Chairman of Bridge Multifamily Fund Manager since January 2012. As a fully integrated owner-operator of seniors housing communities, we have distinguished our platform. Use tab to navigate through the menu items. GBC is a privately held, vertically integrated investment management firm focused on investing in the single-family home rental ("SFR") industry. Additional disclosure: My research is focused on identifying quality IPO companies at a reasonable price. Get them exclusively at IPO Edge. We anticipate continuing our Opportunity Zone investment activity into 2021 and remain very excited about this programs impact on these underserved communities.. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. TIGER 21 produces a quarterly Asset Allocation Report that measures the aggregate asset allocation exposures of its Members based upon their Portfolio Defense presentations. This is the Bridge Investment Group company profile. PD=Previous Day. Bridge Investment Group 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. Managements presentation of the company roadshow is available here. 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. 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 has received at least $215 million in equity investment from investors including Robert Morse, Bridge Founders Group and Jonathan Slager. ET to discuss its fourth quarter and full year 2022 results. 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. This Domestic for Profit company is located at 13331 SW 45TH DRIVE, MIRAMAR, FL, 33027 and has been running for eleven years. 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. 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.. This is a mid-tier performance for all major underwriters during the period. 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.. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. Bridge Investment Group Holdings Inc. On average, Bridge Investment executives and independent directors trade stock every 0 days with the average trade being worth of $43,659. Bridge Investment Group Holdings Inc. Reports Fourth Quarter and Full 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. Glassdoor gives you an inside look at what it's like to work at Bridge Investment Group, including salaries, reviews, office photos, and more.