Bridge Office Fund Manager LLC targets value-add commercial office assets in US prime suburban submarkets. Steady job growth, lack of new supply and aging existing inventory have created opportunities to acquire quality office assets at significant discounts to replacement costs. Building on their deep industry expertise and multi-cycle track record as a seasoned owner/operator, they offer specialized opportunities in acquiring well-located, high-quality office assets with outstanding risk/reward metrics.
Prime suburban submarkets where they operate exhibit substantially higher growth rates and absorption, yet lag in new construction, placing them in a differentiated position to be able to capitalize on this market opportunity. Targeting work-live-play hubs, they create desirable working spaces in areas where people want to be.
One of their goals is to activate spaces within their assets. Their investment approach combines a disciplined asset selection process with a focus on operationally oriented, value-added improvements that increase tenant satisfaction and solve vacancy issues. Typical incremental capital investments include creating common area breakout rooms, conference centers, fitness facilities, and other amenities in high demand by today’s tenants. Their extensive “boots-on-the-ground” operating network and closeness to its assets allows them to address local tenant needs on a comprehensive basis and to transform ordinary office properties into state of the art, modern, appealing workspaces that command premium market rents and high occupancies.
Their team brings deep industry expertise and a successful multi-cycle track record of investing in the office sector with outstanding results. Their senior management team averages over 25 years of experience and has financed, acquired, leased or managed 274 properties across the US, completing ~$3 billion of office transactions in prior ventures.