To find opportunity, we look closely. Every detail matters. We live in the minutia without ever losing sight of the big picture.
Bridge Office Fund Manager LLC (“Bridge Office”) targets value-add commercial office assets in US prime suburban submarkets. Steady job growth, lack of new supply and an aging stock of existing inventory have created opportunities to acquire quality office assets at significant discounts to replacement costs. Building on Bridge’s deep industry expertise and multi-cycle track record as a seasoned owner/operator, Bridge Office offers specialized opportunities in acquiring well-located, high-quality office assets with outstanding risk/reward metrics.
Bridge Office targets select US markets that are targeted to materially outperform national averages. Prime suburban submarkets where Bridge operates exhibit substantially higher growth rates and absorption, yet lag in new construction, placing Bridge in a differentiated position to be able to capitalize on this market opportunity. Targeting work-live-play hubs, Bridge Office creates desirable working spaces in areas where people want to be.
One of our goals is to activate spaces that are inactive. We believe that if you understand the unique needs of people, you understand the unique needs of investors. Our investment approach combines a disciplined asset selection process with a focus on operationally-oriented, value-added improvements that increase tenant satisfaction and solve vacancy issues. Typical incremental capital investments include creating common area breakout rooms, conference centers, fitness facilities, and other amenities in high demand by today’s tenants. Our extensive “boots-on-the-ground” operating network and unmatched closeness to our assets allows us to address local tenant needs on a comprehensive basis and to transform ordinary office properties into state of the art, modern, appealing workspaces that command premium market rents and high occupancies.
The Bridge Office team brings deep industry expertise and a successful multi-cycle track record of investing in the office sector with outstanding results. Our senior management team averages over 25 years of experience and has financed, acquired, leased or managed 274 properties across the US, completing ~$3 billion of office transactions in prior ventures. Bridge Office has substantial access to off-market deal flow through Bridge’s reputation as a reputable buyer and longstanding industry relationships with asset owners and the brokerage community. Our differentiated process leverages the operational resources of our nationwide asset and property management teams for local market insight and intensive due diligence on every asset to complement our investment capabilities and mitigate risk.
As of December 31, 2018, Bridge Office currently manages 13 million square feet of commercial office, with a Bridge performance history of averaging 53% discount to replacement cost.