Bridge Investment Allocates $4.5B to Multifamily and Debt Strategies

NEW YORK CITY – Bridge Investment Group, a privately-held real estate investment management firm, plans to complete a capital deployment of $4.5 billion of equity over the next three years. Thus far the firm has raised $3.7 billion in 2019, and deployed over $2 billion of that equity during the year across its six specialized investment verticals.

Bridge Investment’s subsidiaries Bridge Multifamily Fund Manager, Bridge Debt Strategies Fund Manager, and Bridge Development Fund Manager have raised and deployed the capital, focused on investing in value-add multifamily housing properties with strong macroeconomic fundamentals.

“Bridge has seen strong demand from the ‘triple play’ of opportunity: millennials, seniors and immigrants,” said Jonathan Slager, chief investment officer for the Bridge Multifamily Strategy and co-CEO of Bridge Investment Group, in a prepared statement. “New supply of Class B multifamily is severely constrained, and occupancy is projected to remain high with steady rental rate increases.”

Bridge’s multifamily strategy focuses on value add by transforming unit interiors and common areas and adding social and community program amenities, all to foster occupancy and rent growth. Bridge’s debt strategy is an income-focused strategy with a diversified portfolio, focusing on a mix of first mortgage floating-rate loans, and Freddie Mac K-Series subordinated tranches, with the intention to deploy $1.625 billion in these strategies.

“Bridge Debt Strategies Fund Manager is focused on debt investments primarily against recession-resistant multifamily, office and seniors housing assets with attention to liquid, high-growth secondary markets in the US,” said James Chung, chief investment officer for the Bridge Debt Strategy, in a prepared statement. “The Firm’s vertically-integrated operating platform complements the lending platform by providing in-depth due diligence and the ability to own and manage assets if necessary.”