Search
 

Almanac To Invest $150M In Drawbridge

SAN FRANCISCO-Drawbridge Realty Trust LLC will be able to draw funds from Almanac Realty Trust as needed over the next two years in order to expand its portfolio.

By Carrie Rossenfeld | Updated on September 19, 2012

(Save the date: RealShare Industrial 2012 comes to The Banker’s Club, Miami, December 5 – 6.)

SAN FRANCISCO-Affiliates of New York-based Almanac Realty Investors  LLC have entered into an agreement with locally based Drawbridge Realty Trust under which Almanac has initially committed to invest $150 million in the real estate investment and development company. Under terms of the transaction, Drawbridge will be able to draw funds from Almanac as needed over the next two years in order to expand its portfolio.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.