SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On July 22, 2025, the Operating Partnership repaid $75.0 million of principal on the 2020 Private Placement Notes with proceeds from a $75.0 million draw on its Credit Facility.
In July 2025, Bridge Multifamily Fund V’s management fee basis converted from committed to invested capital, which is expected to reduce fund management fees by approximately $2.0 million on a quarterly basis.
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law, which includes significant changes to federal tax law and other regulatory provisions that may impact the Company. The Company is currently evaluating the provisions of the OBBBA and the potential effects on its financial position, results of operations, and cash flows.
On August 5, 2025, the Company granted 2,575,429 RSUs at a fair value of $10.27 per share to certain members of management that will vest over a four-year period following the closing of the Mergers.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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