Salt Lake City-based Bridge manages approximately $50 billion in assets, primarily in the industrial and residential sectors.

Apollo Global Management Inc. agreed to buy Bridge Investment Group Holdings Inc. for about $1.5 billion in an all-stock deal as the asset manager expands in real estate.

Key Takeaways Bridge Investment Group Holdings agreed to be purchased by investment firm Apollo Global Management for $1.5 billion, and shares took off.The agreement gives Bridge investors Apollo shares worth about $11.