Bridge Development Partners Completes USD 2.2bn in Transactions During 2020
Bridge acquired 10 properties totalling approximately 6.5 million square feet, valued at over USD1.4 billion across Bridge's five regional offices located in Chicago, Miami, New Jersey/New York, Los Angeles/San Francisco and Seattle during 2020, in the midst of the global pandemic. Bridge also sold 13 projects totalling approximately 5 million square feet, and USD800 million of value during 2020.
Additionally, Bridge began efforts to complement its expertise and successful track record with expanded access to capital and investment management capabilities, which included restructuring its executive team. Notable developments included the hiring of Sean Zasche, previously of CA Ventures, as CFO. Tony Pricco is Partner and CIO, while Steve Groetsema continues his role as Partner and COO, a role he assumed in 2019.
“I am excited to have helped contribute to such a successful year at Bridge and look forward to leveraging my capital markets experience to fuel the company's continued growth and drive returns for our investors in 2021,” says Zasche. “Our executive team is well-positioned to serve our current and future capital partners, catalyse our entry into new markets, and prepare us for the launch of new investment vehicles.”