We are owners and operators who are deeply rooted in our assets.
Bridge Multifamily Fund Manager LLC (“Bridge Multifamily”) targets value-add multifamily assets in growth markets that offer attractive risk adjusted returns. We have a differentiated approach to Multifamily Investment Management which relies on the full integration and coordination of our Investment, Asset Management, Structured Finance and Property Management Teams from start to finish of the investment hold period. Bridge has operated an integrated team for over 25 years, our first three multifamily discretionary funds since 2009 average 20.6% net to the investor IRR.
As both an owner and an operator, we get up close and personal with our properties.
Bridge adds value to our assets and seeks to create alpha at the asset level through intensive “rolling up our sleeves” property management, including capital investment, leasing, operations, maintenance, and capital structure, as well as the enhancement of amenities and resident services. For our onsite teams, no detail is too small. Every decision—from paint color to the types of on-site recreational facilities to all expenses small and large are carefully managed and ultimately create value for our investors and our residents.
Our “owner-operator” model allows us to manage our assets internally, with experienced personnel in property management, construction, leasing and other functions. At our communities, we have a particular focus both on value-added renovations to individual units as well as creating a competitive amenity package, which helps foster a sense of community and inclusiveness among our residents. These amenities often include a health facility, a business center, and various recreational areas, coupled with social and community programs such as after school homework programs for school-aged children, “English as a second language” programs in selected communities, movie nights, ice cream socials and other community events. We seek to create vibrant communities for our residents, which also significantly reduces turnover and vacancies.
We have a philosophy that apartments are about more than just four walls and a roof and by creating well-amenitized communities with a robust suite of community activities and a responsive management and maintenance team that we can change lives and build investor value.
In the competitive environment of commercial real estate investing, Bridge has developed a superior team of property management specialists.
The Property and Asset Management team (“BPM”) is responsible for executing each asset’s business plan developed in the acquisition phase of the investment cycle. BPM was founded on the belief that the successful execution of a property’s business plan is what ensures superior cash flow generation and value appreciation.
Exceptional management begins by acquiring talented people and aligning them with the best technology and systems. To accomplish this, BPM has assembled a team of successful, highly qualified and motivated professionals with extensive experience in the markets they oversee. Our team uses the latest technologies and software to enable control and accountability. BPM has also developed a unique performance-based focus and execution system that monitors key performance areas on a continuous basis. As a result, BPM has proven consistently successful at increasing the operational efficiency and performance of the properties it manages.
Additionally, BPM provides a full range of accounting services to each individual property through the use of its secure network. We have custom-designed reports that help us closely monitor each property’s performance in every facet of its operation.
A senior management associate is assigned to each asset and is responsible for successfully implementing the investment plan created at the time of acquisition. The Focus & Execute Plan, developed by BPM senior management, ties day-to-day work efforts to the overall mission, vision and business plan of each asset. These management tools enable senior managers to measurably track progress of each individual asset as well as key employees. Additionally, each asset is reviewed monthly by our Asset Review Committee to ensure responsiveness to macro market, physical and operational issues impacting asset performance.
Of the $15+ billion in AUM by Bridge Investment Group, Bridge Multifamily Fund Manager is responsible for $4.3 billion in AUM as of December 31, 2018.
Bridge Multifamily Fund Manager manages 63 fund investments or 25,000+ multifamily apartment units in 13 states as of December 31, 2018. Bridge Multifamily Fund Manager also manages an additional 8,600+ apartment units on a third-party basis.
Bridge Property Management
Bridge Property Management has a proven track record of success. We are a team of highly-trained professionals with the resources, technology and systems in place to reach those goals. As you will see when you become better acquainted with us, Bridge Property Management is completely committed to providing the best in investment real estate management.Visit Website