Drawbridge's Mark Whiting, CEO, and Charlie Mc Eachron, COO, point to institutional investor support.
SAN FRANCISCO—Drawbridge Realty Management, a San Francisco-based real estate investment company, has secured new equity commitments of $240 million. This provides Drawbridge with discretionary capital to acquire $600 million of additional properties and increase its total asset base to more than $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 US that align with Drawbridge's investment strategy,” said Mark Whiting, Drawbridge chairman and chief executive officer.
Targeting commercial property investments in select US growth markets, Drawbridge is an 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 more than 4.4 million square feet. Drawbridge is an independent real estate investment platform with the financial backing of global investment firm KKR, which played an important role in procuring the new capital.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
