Bridge Investment launches office real estate fund
Bridge Investment Group, a privately held real estate investment management firm, has launched Bridge Office Fund, according to IREI’s FundTracker database.
The new fund, which officially launched in February, is a value-added real estate fund that will invest in U.S. office properties in prime suburban markets. Bridge Investments seeks to raise $500 million in total equity commitments for the new fund. The fund has raised $40 million so far and has set a target final close for May 2018.
“The office sector is particularly compelling: we have invested in 37office assets in the last six years,” says Robert Morse, chairman of Bridge Investment, in a statement.
Bridge Investment office fund’s senior management team has acquired, leased and managed 274 properties in the United States, completing approximately $3 billion of office transactions in prior ventures, according to a statement.
Bridge Investment Group currently has $6.7 billion in assets under