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LOS ANGELES - Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc. (NYSE:BRDG), has acquired a three-building industrial portfolio in Fontana, California for $83.5 million, according to a company press release. Bridge Investment Group, with a market capitalization of $1.38 billion and an attractive 4.2% dividend yield, has shown strong momentum with a 26.14% return year-to-date. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment.
The 332,793-square-foot Class A industrial portfolio consists of three newly constructed distribution facilities located in the Inland Empire West market. The buildings feature 32-foot clear heights, secured concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems, and LED lighting.
The properties are fully leased with a weighted average lease term exceeding two years. The portfolio includes a 100,039-square-foot facility at 14074 Rancho Court, a 57,654-square-foot building at 14019 Rose Avenue, and a 175,100-square-foot facility at 14928 Washington Drive.
The acquisition expands BLP’s national portfolio to 16.3 million square feet. The properties provide connectivity via I-10, I-15, and SR-60, with proximity to the Ports of Los Angeles and Long Beach, and access to 15 million people within a 50-mile radius.
"During this period of pronounced price dislocation, our investment thesis focuses on acquiring best-in-class, well-located assets with strong in-place cash flow," said Paul Jones, Managing Director of BLP, in the statement. This strategy aligns with the company’s financial performance, as InvestingPro data shows annual revenue of $453.73 million and analysts expecting net income growth this year. InvestingPro subscribers have access to 6 additional key insights about BRDG’s financial health and growth prospects.
The Inland Empire West market contains more than 700 million square feet of existing industrial inventory. According to the company, the region’s construction pipeline has contracted significantly, with only 11 million square feet currently under development, representing a 65% decline from peak levels.
Bridge Investment Group manages approximately $49 billion in assets as of March 31, 2025, across specialized asset classes including real estate, credit, renewable energy, and secondaries strategies. The company’s stock has demonstrated strong momentum, with a significant 33.28% return over the past six months. For detailed analysis and comprehensive insights, investors can access the full BRDG research report, one of 1,400+ deep-dive company analyses available on InvestingPro.
In other recent news, Bridge Investment Group Holdings Inc. has announced a definitive merger agreement with Apollo Global Management Inc. This agreement, initially entered into on February 23, 2025, will see Bridge merge with Apollo, resulting in Bridge becoming a wholly-owned subsidiary of Apollo. The merger is pending customary closing conditions and requires approval from Bridge stockholders. A special meeting for the stockholder vote is scheduled for June 17, 2025. The announcement was made following the filing of an effective registration statement with the Securities and Exchange Commission on May 14, 2025. Additionally, the mailing of the definitive proxy statement to Bridge stockholders began on or about May 16, 2025. These developments mark significant changes for Bridge Investment Group as it prepares to join forces with Apollo.
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