Bridge Investment Group launches Bridge Logistics Properties
Bridge Investment Group (Bridge) today announced the launch of a logistics properties strategy – Bridge Logistics Properties – which aims to seek price dislocation, operational upside, and innovative redevelopment in markets where there is a confluence of existing and increasing population density, rapid e-commerce adoption, and constrained supply.
To lead this new strategy, Bridge has appointed two new partners. Jay Cornforth will serve as Chief Executive Officer and Co-Chief Investment Officer and Brian Gagne will serve as Co-Chief Investment Officer for the Bridge Logistics Properties strategy.
This experienced and established vertically integrated team aims to pursue a high-volume aggregation strategy, inclusive of repositioning and development, that further seeks to optimise returns via off-market, single asset investments. The resulting strategic, infill-anchored portfolio seeks to generate a portfolio premium with its unique scale, stability, and diversity across logistics assets prepared to meet future distribution trends.
On the strategy launch, Robert Morse, Executive Chairman of Bridge, says: “We continue to look for new areas of the market where we see growth potential for our business, and we see that within the Logistics Properties space. With Jay and Brian’s combined four decades of experience, we believe they will provide investment opportunities and returns for our clients consistent with Bridge’s standards.”