Core Viewpoint - Kaskela Law LLC is investigating the fairness of the buyout offer for Bridge Investment Group Holdings Inc. shareholders following the announcement of its acquisition by Apollo [1][3]. Summary by Sections Acquisition Details - On February 24, 2025, Bridge Investment Group announced an agreement to be acquired by Apollo in a stock-for-stock transaction, where Bridge shareholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock, valued at $11.50 per share [2]. Investigation Purpose - The investigation aims to assess whether Bridge's shareholders are receiving adequate consideration for their shares and to determine if the company's officers or directors breached their fiduciary duties or violated securities laws during the sale to Apollo [3]. Legal Representation - Bridge shareholders are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options, with the firm representing investors on a contingent basis, meaning no out-of-pocket costs for legal representation [4].

Mergers and Acquisitions Overview - Kuehn Law, PLLC is investigating potential claims related to several proposed mergers, focusing on whether the Boards acted to maximize shareholder value, failed to disclose material information, and conducted a fair process [1][2][3] Specific Mergers - Bridge Investment Group Holdings Inc. has agreed to merge with Apollo, where Bridge shareholders will receive 0.07081 shares of Apollo stock for each share [1] - Chimerix is set to merge with Jazz Pharmaceuticals, with Chimerix shareholders receiving $8.55 per share in cash [2] - Walgreens Boots Alliance will merge with Sycamore Partners, offering Walgreens shareholders $11.45 in cash and a non-transferable right to receive up to $3.00 in cash per share [2] - Siyata Mobile will be acquired by Core Gaming, with Siyata issuing common shares to Core Gaming shareholders [3] Shareholder Engagement - Kuehn Law emphasizes the importance of shareholder participation in ensuring the integrity and fairness of financial markets, encouraging concerned shareholders to get involved [4]

Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of Bridge Investment Group Holdings Inc. by Apollo to determine if shareholders are receiving adequate consideration for their shares and if there were any breaches of fiduciary duties or securities laws by the company's officers and directors [1][3]. Summary by Sections - **Acquisition Details** - On February 24, 2025, Bridge announced an agreement to be acquired by Apollo in a stock-for-stock transaction, where Bridge shareholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock, valued at $11.50 per share [2]. - **Investigation Purpose** - The investigation aims to assess whether Bridge's shareholders are receiving sufficient consideration for their shares and to evaluate potential breaches of fiduciary duties or violations of securities laws by the company's management in the sale agreement [3]. - **Investor Contact Information** - Bridge shareholders are encouraged to contact Kaskela Law LLC for more information regarding the investigation and their legal rights, with the firm representing investors on a contingent basis [4].

Dividends and Financial Policies - The company may pay dividends to stockholders, but this is subject to the Merger Agreement and the discretion of the board of directors, with potential limitations due to Delaware law[231]. - The ability to declare and pay dividends is dependent on the Operating Company's ability to generate earnings and cash flows, which may be restricted by various limitations[232]. - The board of directors has the discretion to change the dividend policy at any time, including reducing or eliminating dividends entirely[231]. Corporate Governance and Control - The company has opted out of Section 203 of the DGCL, prohibiting business combinations with any "interested" stockholder for three years, except for certain affiliates[246]. - The amended and restated certificate of incorporation includes provisions that may delay or prevent a change of control, such as a classified board of directors and limitations on special stockholder meetings[245]. Compliance and Regulatory Costs - The company incurs significant costs as a public company due to compliance with the Exchange Act, Sarbanes-Oxley Act, and NYSE listing requirements, which may strain resources[239]. - The company may face increased legal and financial compliance costs as a result of being a public company, which could affect its ability to attract and retain qualified board members[239]. - The company is required to maintain effective internal control over financial reporting, and failure to do so could lead to inaccurate financial reporting and potential sanctions[240]. Market and Stock Performance - Future sales of Class A common stock by the company or existing stockholders could negatively impact the market price of the stock[236]. - The issuance of additional securities in connection with investments or acquisitions may result in dilution for existing stockholders[238]. Climate Change and ESG Considerations - The company faces physical and transition climate change risks, which may lead to increased costs and liabilities, including compliance and construction costs[247]. - Increased scrutiny regarding climate change and ESG matters may constrain investment opportunities and adversely affect the ability to raise capital[248]. - The company engages in various initiatives to manage ESG matters, which can be costly and may not align with stakeholder expectations[248]. - Increased focus on sustainability by governmental authorities may require additional disclosures and compliance efforts, increasing operational complexity[248]. - Potential impacts of climate change on operations are uncertain and may vary across different geographies[247]. Financial Risk Exposure - As of December 31, 2024, the company had $1.2 million in non-interest bearing accounts and $89.4 million in interest-bearing accounts, indicating limited interest rate risk exposure[472]. - The company is exposed to credit and counterparty risk, which may affect access to financing due to market conditions[473]. - The company does not possess significant foreign assets, thus changes in foreign exchange rates are not expected to materially impact financial statements[474]. - The company does not use derivative financial instruments to manage interest rate risk exposure[472]. Management Fees - Management fees are generally based on commitments or invested capital, making them less sensitive to changes in investment values[471].

PHILADELPHIA, March 3, 2025 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced buyout of Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge") shareholders.Click here for additional information: https://kaskelalaw.com/case/bridge-investment-group/On February 24, 2025, Bridge announced that it had agreed to be acquired by investment firm Apollo in a stock-for-stock transaction.  According to the announcement, Bridge stockholders and Bridge OpCo u ...

Financial Data and Key Metrics Changes - Bridge's business-related revenue was $82.5 million, increasing by 1.3% from the previous quarter, driven by inflows into workforce and affordable housing and debt strategies [5] - Fee-related revenue was also $82.5 million, up 3% from the last quarter, primarily due to the crystallization of carried interest for the open-end net lease strategy [5] - The lower other income line item was impacted by a one-time benefit of $1.9 million included in Q2 [5] Business Line Data and Key Metrics Changes - The multifamily workforce housing segment experienced rent growth of 3.3% quarter over quarter, with same-store revenue growth at 2% [34] - The commercial property price index from Green Street bottomed in late 2023 and is up 3% in 2024, indicating stabilization in real estate prices [4] Market Data and Key Metrics Changes - The real estate sector is showing signs of recovery, with more substantive dialogue with investors and increased transaction volumes [3][4] - The company noted that many asset classes are trading at or around all-time highs, including public equities and gold [3] Company Strategy and Development Direction - The company plans to invest heavily in its manufacturing and distribution teams to capitalize on the recovering market [7] - There is a focus on logistics as a significant growth area, with expectations of notable increases in fundraising in Q4 [24] Management's Comments on Operating Environment and Future Outlook - Management believes the long winter of real estate declines has bottomed, and the sector is beginning to re-emerge, albeit not in full force [3] - The management team expressed optimism about the outlook for commercial real estate over the next year, citing early signs of rising values and increased investor interest [4][7] Other Important Information - The company has managed expenses carefully over the last two years and is now positioned to lean into future growth opportunities [7] - The distribution team has increased headcount by 50% over the past two years, indicating a commitment to growth in this area [19] Q&A Session Summary Question: Can you provide more insight into the real estate market recovery and outlook? - Management acknowledged the complexity of the question but indicated that they are seeing positive signs in the market [9] Question: What is the expected improvement in fundraising for Q4 compared to Q3? - Management expects notable increases in logistics fundraising, potentially making Q4 numbers higher than Q3 [24] Question: How do you view operating leverage in relation to revenue and expense growth? - Management clarified that they have built a scaled national team and do not anticipate significant team growth, focusing instead on leveraging existing resources [18] Question: How will the shift towards institutional investors impact transaction revenues and management fee rates? - Management indicated that a greater shift to institutional investors may lead to slightly lower management fee rates and a change in revenue mix, with transaction fees becoming a smaller percentage of overall revenue [41][42]

Financial Data and Key Metrics Changes - The company reported GAAP net income of approximately $10.6 million for Q3 2024, with diluted net income per share of $0.04 [5] - Distributable earnings were $28.2 million or $0.15 per share after tax, with a dividend of $0.10 per share declared [5][28] - Fee-related revenue increased by 3% from the previous quarter to $82.5 million, driven by inflows into workforce and affordable housing [25][26] Business Line Data and Key Metrics Changes - The company acquired $349 million in multifamily and workforce assets and $966 million in debt strategies during Q3 2024 [9][18] - The debt strategies vertical had its largest lending quarter in over two years, originating 15 loans totaling over $720 million [17] - Multifamily investments year-to-date totaled $784 million, with unlevered IRRs 23% better than pre-pandemic levels [19] Market Data and Key Metrics Changes - Real estate values have decreased by an average of 19% since the 2021 peak, but signs of stabilization are emerging [8][16] - The commercial property price index showed a 3% increase in 2024, indicating a potential recovery in real estate prices [16] - Absorption in multifamily exceeded deliveries, with 193,000 units absorbed compared to 163,000 delivered in Q3 [20][85] Company Strategy and Development Direction - The company plans to capitalize on investment opportunities in a buyer's market, focusing on sectors with secular tailwinds [8][9] - Investments in logistics and distribution capabilities are expected to drive future growth, with a focus on expanding institutional coverage [12][13] - The company is positioning itself for a cyclical recovery by reinvesting in its platform and expanding its investment strategies [28][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the commercial real estate market, citing pent-up demand for transactions and improving debt markets [16][40] - The company anticipates significant improvements in valuation and transaction volumes in the coming quarters [17][19] - Management highlighted the importance of maintaining team morale and investing in talent to support future growth [67][72] Other Important Information - The company has opened an office in Dubai to enhance its Middle Eastern investor base and is expanding its presence in Europe and Asia [13] - The logistics value-add strategy has seen significant investment, with a strong team and local offices established in key markets [11][12] - The company expects to see a stabilization of reserve income to more normalized positive levels in the upcoming quarters [29] Q&A Session Summary Question: Outlook on real estate market recovery and fundraising - Management noted that while transaction flow may slow due to rate changes, there is significant pent-up demand for transactions and a loan maturity wall that will force activity [37][39] Question: Expected improvement in fundraising for Q4 - Management indicated that logistics and other strategies are expected to contribute positively to fundraising, with a potential increase in contributions from existing funds [64][65] Question: Impact of institutional inflows on transaction revenues - Management acknowledged that inflows from institutional investors typically result in lower management fee rates, affecting the overall revenue mix [92][93] Question: Trends in rent and NOI growth across sectors - Management reported a 3.3% quarter-over-quarter rent growth in multifamily workforce housing, with strong absorption rates expected to continue into 2025 [84][86]

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Bridge Investment Group Holdings Inc. (NYSE: BRDG), relating to the proposed merger with Apollo. Under the terms of the agreement, Bridge stockholders and Bridge OpCo unitholders will receive ...

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Bridge Investment Group Holdings Inc. (NYSE: BRDG) and its board of directors concerning the proposed acquisition of the company by Apollo (NYSE: APO). Stockholders will receive 0.07081 shares of Apollo common stock for each share of Bridge Investment stock that they hold. The transaction is valued at approximately $1.5 billion and is expected to close in the third quarter of 2025.If you are a sto ...

Financial Performance - Bridge Investment Group Holdings Inc. reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.14 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $81.96 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.79%, and an increase from year-ago revenues of $70.52 million [2] Market Performance - Bridge Investment Group shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $85.3 million, and for the current fiscal year, it is $0.80 on revenues of $366.4 million [7] Industry Outlook - The Real Estate - Operations industry, to which Bridge Investment Group belongs, is currently ranked in the bottom 15% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The outlook for the industry can significantly impact the performance of individual stocks, with research showing that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]