Bridge Multifamily Fund Manager LLC (Salt Lake City)

Name: Bridge Multifamily Fund Manager LLC
Address: 111 E. Sego Lily Drive, Salt Lake City, UT, 84070
Telephone: 801-716-4553

Bridge Multifamily Fund Manager LLC is a large advisory firm based in Salt Lake City. It manages $14.49 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, California, Delaware, and 5 other states.

Bridge Multifamily Fund Manager provides portfolio management for pooled investment vehicles and real estate private fund limited partnerships. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as investment manager to real estate related funds.

Bridge Multifamily Fund Manager: assets under management

The assets under management (AUM) of Bridge Multifamily Fund Manager LLC is $14.49 billion. The firm's AUM has grown by 116% since the beginning of its operation, and $1.97 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.46 billion in discretionary accounts and $2.03 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.13 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $289.92 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bridge Multifamily Fund Manager LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bridge Multifamily Fund Manager serves?

The only and largest group of clients of Bridge Multifamily Fund Manager is pooled investment vehicles with 11 clients and $12.46 billion of assets under management. Among the 7 most similar advisory firms, Bridge Multifamily Fund Manager has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $12.46 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Bridge Multifamily Fund Manager also advises several private funds. Namely, forty seven real estate funds. The minimum investment commitment required of non-related persons ranges from $1,000 to $50,000,000.

Careers at Bridge Multifamily Fund Manager LLC

The company employs 2,600 people that are either part- or full-time employees. 2 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Chung has served as the Chief Investment Officer since 1 Jan 2014. Chad Douglas Briggs joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dean Anthony Allara	Board of directors / coo / principal	1 Sep 2011	Other	5989082
Christian Valentine Young	Ceo of investment adviser / principal	1 Sep 2011	Other	5989083
Chad Douglas Briggs	Chief financial officer / principal	1 Sep 2011	Other	5989085
Donaldson Lee Hartman	Chief executive officer / board / principal	1 Sep 2011	Other	2776761
Paul Sidney Hutchinson	Principal	1 Sep 2011	Other	5989084
John Samuel Pennington	Chief compliance officer / principal	1 Oct 2011	Other	5984801
Robert Randolph Morse	Board chairman / principal	1 Nov 2011	Other	1799666
Bridge Investment Group Llc	Member	1 Jan 2012	75% - 100%	45-4084424
Jonathan Peter Slager	Board of directors / cio / principal	1 Jan 2012	Other	5989081
James Chung	Chief investment officer/ principal	1 Jan 2014	Other	3250101

Indirect Owners

The SEC currently registers 22 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Samuel Pennington	Member, manager	1 Sep 2011	Other	5984801
Robert Randolph Morse	Member, manager	1 Sep 2011	25% - 50%	1799666
Donaldson Lee Hartman	Member	1 Nov 2011	Other	2776761
Jonathan Peter Slager	Member, manager	1 Nov 2011	Other	5989081
Winston Cham Chiu	Member	1 Nov 2011	Other	3070633
Dean Anthony Allara	Member, manager	1 Nov 2011	Other	5989082
Christian Valentine Young	Member, manager	1 Nov 2011	Other	5989083
Danuel Rodney Stanger	Member	1 Nov 2011	Other	1145317
David Russell Minnick	Member	1 Nov 2011	Other	5989086
Terence Kevin Anderson	Member	1 Nov 2011	Other	5989087
Richard Wayne Stayner	Member	1 Nov 2011	Other	5989088
Brad Dale Andrus	Member	1 Nov 2011	Other	5989089
Kelley David Hansen	Member	1 Nov 2011	Other	1607278
Paul Sidney Hutchinson	Member	1 Nov 2011	Other	5989084
Robert Burr Hallock	Member	1 Nov 2011	Other	5989090
Llc Bridge Founders Group	Member	1 Dec 2011	25% - 50%	74-3108602
Ltd Pmn Real Estate Investments	Member	1 Dec 2011	25% - 50%	98-1029738
Llc Rfg Roc	Member	1 Dec 2011	Other	45-3364473
Adam Bernard O'farrell	Member	1 Jan 2013	Other	6186370
Matthew Turner Degraw	Member	1 Jan 2013	Other	6186377
Matthew Lynn Jensen	Member	1 Jan 2013	Other	6309026
Chad Douglas Briggs	Member	1 Jan 2014	Other	5989085

Based in Salt Lake City

The principal office where Bridge Multifamily Fund Manager LLC performs its advisory services is located at 111 E. Sego Lily Drive, Salt Lake City, UT 84070, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-716-4553 or by fax 801-716-4519. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at bridgeig.com.