Bridge Investment Group Reports Significant Year-Over-Year Increase In 2022 GRESB Real Estate Assess


Bridge Investment Group’s office subsidiary Bridge Office Fund Manager (Bridge), announced today a significant performance improvement of the Bridge Office Fund II in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Assessment scores that were released in October. The new ratings show a commendable increase from the 2021 assessment, reflecting the company’s transparency with investors and industry peers as it continues to build and develop its ESG network.


“We are pleased that our dedication to improving environmental, social and governance excellence is being recognized by GRESB, which is a key benchmark used by real estate investors in the U.S. and across the globe,” said John Ward, Chief Investment Officer of Bridge’s Office Strategy and Chief Executive Officer of Bridge’s Renewable Energy Strategy. “We are committed to prioritizing the wellbeing of our clients and investors through the integration of ESG services and solutions to advance sustainable investments at Bridge.”


Bridge Investment Group earned seven green stars overall, with two green stars awarded to Bridge Office Fund II. Bridge Office Fund II achieved a 45% increase in overall score, demonstrating excellence in terms of comprehensive performance within the assessment. Additionally, Bridge Office Fund II received a 27% increase in scores in the management category, and a 54% increase in the performance category.


Recent initiatives that contributed to Bridge Office Fund II's score increases include improved tracking of energy, GHG emissions, water and waste data for Office properties, enhanced tenant and community policies and plans, and additional completion of Energy Audits. While WELL HSR was achieved for the assets of this portfolio in January 2022, the work for this rating pursuit was completed throughout 2021, which also benefitted GRESB scoring. Bridge’s ongoing adherence to ESG efforts and work towards a more sustainable environment has been a top priority.


“Bridge is firmly devoted to implementing sound ESG practices and strategies that sharpen and refine our investment and operational processes,” said Isela Rosales, Managing Director and Head of ESG and Sustainability at Bridge. “We are striving to position Bridge as an industry and community leader in ongoing ESG pursuits, and I am thrilled that our performance this year reflects and expounds upon this goal.”


Each year, GRESB evaluates the ESG performance of assets worldwide, providing validated data for investors to use to improve upon business performance, intelligence, and decision-making. 98% of investors use GRESB data and analytical tools to monitor ESG related risks, opportunities and impacts to engage with their investment managers.


To learn more about Bridge Investment Group’s ESG initiatives, visit: https://www.bridgeig.com/esg.


###


About GRESB

GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making. For more information, visit GRESB.com


About Bridge Investment Group

Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $42.0 billion of assets under management as of June 30, 2022. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.