SALT LAKE CITY, December 06, 2021– (COMMERCIAL THREAD) – Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) and The Townsend Group (“Townsend”) today announced that they have signed a definitive agreement forming a joint venture with options to deploy up to 400 million dollars of equity to acquire, develop and operate global gateway institutional logistics assets in the United States.
“Bridge’s partnership with Townsend is an important milestone as we launch our value-added logistics strategy,” commented Jay Cornforth, CEO and Co-Investment Director for Bridge’s Logistics Properties vertical. “We are delighted to be working with Townsend to seize the opportunities created by the significant growth in demand and structural limitations of the filling supply in key logistics markets. “
Townsend has invested $ 7.9 billion in logistics in developed and developing markets globally since 2015. “Bridge is a qualified and well-positioned operating partner to execute this mid-market logistics strategy. The strategic approach to developing a portfolio and the practical nature of Co-Investment Directors Jay Cornforth and Brian Gagné distinguish their presence and market access, ”said Scott Miller, Partner, Townsend Group.
About Bridge Investment Group
Bridge is a leading, vertically integrated real estate investment manager diversified into specialized asset classes, with approximately $ 31.8 billion in assets under management as of September 30, 2021. Bridge Combines its Operating Platform nationwide with dedicated teams of investment professionals focused on select US real estate. Real estate verticals: logistics properties, collective housing, affordable housing, senior housing, offices, development, logistics net leasing, debt strategies and agency mortgage backed securities.
About the Townsend Group
The Townsend Group is a leading investor in real estate and real estate assets managing $ 19.7 billion (USD) in assets under management worldwide. Townsend invests through investor client consortia comprised of sponsored fund products and complementary segregated accounts. Townsend works with the world’s leading investors and operating partners as a provider of strategic, investment and capital solutions. In addition, Townsend advocates for investors representing nearly $ 140 billion (USD) in real private and public assets around the world.
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future financial performance or conditions. All statements other than statements of historical fact may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “prospects”, “could”, “believes”, “expects”, “potential”, “opportunity”, “continuing”, “could”, “Will,” “should”, “over time”, “research”, “predict”, “intention”, “plan”, “estimates”, “anticipates”, “plans” or negative versions of those words, other comparable words or other statements which do not relate to historical or factual matters. Accordingly, we caution you that these forward-looking statements are based on our beliefs, assumptions and expectations as of the date of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those expressed or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks described from time to time in our documents filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. Bridge Investment Group Holdings Inc. assumes no obligation to publicly update any forward-looking statements made herein, whether as a result of new information, future developments, or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy securities of the Company or any investment fund managed by the Company or its affiliates.
This press release has been prepared for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell any financial instrument, property or investment. It is not intended to provide, and should not be relied upon for, tax, legal or accounting advice. Opinions, estimates, forecasts and statements on financial market trends are subject to change without notice due to changing market or economic conditions. We believe that the information provided here is reliable, but do not guarantee its accuracy or completeness. The information contained in this document reflects the views of the author (s) at the time the article was prepared and will not be updated or otherwise revised to reflect information that subsequently becomes available or the circumstances existing ones or changes that have occurred after the date of preparation of the press release. Townsend Holdings LLC is a federally registered investment adviser with the United States Securities and Exchange Commission.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211206005806/en/
Bridge Investment Group Investor Relations Contact Person:
Bridge Investment Group Holdings Inc.
Townsend Group Contact:
Townsend Holdings LLC d / b / a The Townsend Group, an Aon Company