Allows Company to Expand Property Portfolio and Increase Total Asset
Base
SAN FRANCISCO–(BUSINESS WIRE)–Drawbridge Realty Management, a San Francisco-based real estate
investment company, announced today that it has secured new equity
commitments of $240 million. This commitment provides Drawbridge with
discretionary capital to acquire $600 million of additional properties
and increase its total asset base to over $1.6 billion.
“We are delighted to have this growing support and commitment from the
institutional investment community, particularly at a time when we are
seeing numerous opportunities throughout the U.S. that align with
Drawbridge’s investment strategy,” said Mark Whiting, Drawbridge
Chairman and Chief Executive Officer.
Targeting commercial property investments in select growth markets
across the U.S., Drawbridge is a sophisticated acquirer of short- and
long-term leased, single-tenant office and R&D buildings. The firm also
builds and redevelops properties that are well-positioned for leasing to
large corporate tenants. Drawbridge’s current portfolio is comprised of
42 properties totaling over 4.4 million square feet.
Drawbridge is an independent real estate investment platform with the
financial backing of leading global investment firm KKR, which played an
important role in procuring the new capital.
“We are thrilled to continue to invest behind Drawbridge, alongside
others, as the Company builds on its impressive track record of
acquiring and managing high-quality corporate properties,” said Billy
Butcher, KKR’s Chief Operating Officer of Global Real Estate, who is
also on the Drawbridge Board of Directors.
ABOUT DRAWBRIDGE REALTY MANAGEMENT:
Drawbridge is a San Francisco-based real estate investment company that
targets commercial property investments in growth markets across the
U.S. Its portfolio primarily consists of office properties leased
long-term to large corporations, with an emphasis on strategically
important locations. Drawbridge has a long history of successfully
creating value for corporate clients and investors, and has completed
transactions with companies including Bayer, Broadcom, IBM, Google,
Johnson & Johnson, L-3 Technologies, Lockheed Martin, Medtronic,
National Instruments, and Northrop Grumman. For more information, please
visit: www.drawbridgerealtytrust.com.
Photo Available via E-mail
Contacts
Gary Pike, APR
(415) 585-2100 or (415) 260-0449
[email protected]
