Bridge Investment Group launches Bridge Industrial Net Lease Strategy
Bridge Investment Group (Bridge) has launched an 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 US growth markets.
Within this new strategy, Bridge will leverage its nationwide real estate platform and deep in-house operating platforms, which is expected to enable Bridge Industrial Net Lease to efficiently acquire, manage, re-lease, and maximise returns in stabilised industrial assets for the strategy.
About Bridge Investment Group
On the strategy launch, Robert Morse, Executive Chairman of Bridge, says: “Bridge sees key market opportunity in the industrial real estate sector. We believe that the vertical will continue to outperform as e-commerce and supply chain growth fuel tailwinds, intensifying the need for high quality and well-located mission critical facilities in logistically connected corridors.”
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. 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. They are joined by Managing Director, James Freeman. The launch of this strategy and the appointments of these individuals mark an important move for Bridge into the industrial space.
On the appointment of the Bridge Industrial Net Lease team, Morse says: “We are thrilled to welcome Mike, Matt, Brandon and James to the Bridge team. Their collective experience is vital to our success as we move into the increasingly important industrial net lease vertical.”