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30.06.25 - 13:06
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Walker & Dunlop Arranged $170 Million Financing for Class A Mixed-Used Project in Downtown Salt Lake City (Business Wire)
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BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it secured $170 million to refinance Post District, a Class A, mixed-use complex containing 580 residential units located in Downtown Salt Lake City, Utah.
Walker & Dunlop New York Capital Markets, led by Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, and Jackson Irwin, served as an exclusive advisor to Bridge Investment Group, with financing provided by Fannie Mae via their near-stabilization program.
Developed by joint venture team, Bridge Investment Group, Blaser Ventures and Lowe Property Group as an opportunity zone development, Post District opened in December 2023 and includes five buildings located on the Post District block between 500–600 South and 300–400 West in downtown Salt Lake City. Offering a wide array of layouts – from micro-studios to three-bedroom penthouses – Post District is well versed to cater to multiple different types of residents. The property offers ne...
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08.05.25 - 22:18
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Bridge Investment Group Holdings Inc. Reports First Quarter 2025 Results (Business Wire)
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SALT LAKE CITY--(BUSINESS WIRE)--Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today reported its financial results for the quarter ended March 31, 2025.
Net (Loss) was $(37.6) million for the quarter ended March 31, 2025. On a basic and diluted basis, net (loss) attributable to Bridge per share of Class A common stock was a loss of $(0.37) for the quarter ended March 31, 2025.
Fee Related Earnings to the Operating Company were $24.6 million for the quarter ended March 31, 2025.
Distributable Earnings of Bridge Investment Group Holdings LLC (the “Operating Company”) were $17.0 million, or $0.09 per share after-tax, for the quarter ended March 31, 2025.
No Quarterly Common Dividend
The Company did not declare a quarterly dividend for the quarter ended March 31, 2025. In accordance with its merger agreement with Apollo Global Management Inc. (“Apollo”), the Company expects to declare and pay a final dividend to the stockholders of the Company in respect of an...
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