Salt Lake City — Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) announced the launch of its new strategy, Bridge Ventures, and the hiring of Jeremy Ford as Chief Investment Officer of Bridge Ventures.
While the real estate industry has increased its adoption of technology solutions in the post-pandemic era, U.S. investment and innovation in the sector still lags behind other industries (e.g., financial services , health care and education) as a percentage of its share of US GDP. The growth of e-commerce, remote workplaces, ESG adoption, and the digitalization of real estate are all contributing to this increased adoption as the PropTech market evolves. Bridge Ventures will focus on early and late-stage PropTech ventures and plans to continue investing in industry-leading PropTech funds.
“We are extremely well positioned to leverage our platform and extensive industry relationships to access and invest in PropTech companies and use their solutions,” said Jeremy Ford, Chief Investment Officer of Bridge Ventures. “We see tremendous opportunities to deploy and scale new technologies through direct use in the Bridge portfolio, which we believe will serve as a catalyst for market adoption and value creation.”
Ford joins Bridge Investment Group from REEF Technology, where he was responsible for real estate strategy. Prior to REEF Technology, he held positions at BLG Capital Limited and The Carlyle Group. He holds a Bachelor of Science degree from the Edmund A. Walsh School of Foreign Service at Georgetown University, a Masters of Business Administration from the Robert Emmett McDonough School of Business at Georgetown University and a been a Fulbright scholar in Spain.
“We are delighted to have Jeremy Ford join Bridge as Chief Investment Officer of Bridge Ventures,” said Robert Morse, Executive Chairman of Bridge. “His 17-year tenure in the real estate industry brings valuable experience and leadership to the Bridge Ventures team as the company expands into the PropTech world.”
About Bridge Investment Group
Bridge is a leading vertically integrated real estate investment manager, diversified across specialty asset classes, with approximately $38.8 billion in assets under management as of March 31, 2022. Bridge combines its national operating platform with dedicated teams of investment professionals focused on select US real estate. real estate verticals: residential leasing, offices, development, logistics real estate, net lease and mortgage backed by real estate.
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