Assets Under Management AUM

Bridge Investment Group raises $2.9 billion for its Bridge Debt Strategies Fund IV

In approximately 13 years, Bridge, based in Sandy, Utah, has grown into one of the world’s leading real estate investment and management companies.

Sandy, Utah-based Bridge Investment Group (NYSE: BRDG) has raised $2.9 billion for its Bridge Debt Strategies Fund IV.

According to the press release announcing the funding, Bridge will use the funds to focus on investments in three main areas:

  • Creation of direct first mortgage loans,
  • Invest in Freddie Mac K-Series B-Pieces, and
  • Opportunistically invest in other CRE-backed debt such as Commercial Real Estate Secured Loan Obligations (CRO CLOs).

According to James Chung, Bridge’s chief investment officer for its Bridge Debt Strategies funds,

“Our strong focus on recession-proof multi-family collateral and floating rate debt positions the Fund well in the current market environment. To date, we have built a sustainable portfolio and have substantial dry powder that will create the opportunity to deliver strong returns to our investors.

Bridge Investment Group: A Quick Overview

In case Bridge isn’t on your radar, it was officially established in 2009 as a real estate investment company.

To get a sense of Bridge’s performance over the ensuing decade, consider that Real estate public investments magazine (DAD) ranked Bridge 13th in the world among private real estate companies in June this year (based on more than $11.2 billion raised in the past five years).

As of March 31, Bridge had more than $38.8 billion in assets under management (AUM), and according to Yahoo! Financethe company generated $760 million in revenue over the past 12 months.

In my mind, Bridge is this interesting conglomeration of real estate, finance, technology and services.

Graphic highlighting the focal points of Bridge Investment Group. Image uploaded July 14, 2022 from the company’s Winter 2021 Investor Presentation.

According to the company’s latest quarterly report (for the period ended March 31, 2022), Bridge is focused on 10 investment areas, namely

  1. several families,
  2. Labor and Affordable Housing,
  3. housing for the elderly,
  4. Desk,
  5. Development,
  6. Net Rental Income,
  7. Logistics,
  8. Debt Strategies,
  9. MBS from the agency, and
  10. Single family rental.

As of September 30, 2021, Bridge had

  • ~27,000 multi-family units (aka, doors),
  • ~14,000 workers / affordable housing,
  • ~12,000 housing units for the elderly,
  • ~14 million square feet of office space,
  • ~15,900 housing units under development,
  • ~2 million square feet of office space under development, and
  • ~1,600 home-related loans.

Bridge has six offices in the United States and (as shown in the illustration below) its portfolio is most widely deployed in the eastern half of the country.

Image uploaded July 14, 2022 from Bridge Investment Group’s Winter 2021 Investor Presentation.

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David Politis

A sports fanatic known to his friends as “Poppa P”, David is passionate about making the world a better place by helping to find and share the amazing stories of the Silicon Slopes business community.