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California  + Bay Area  + Office  | 

ASB Secures $100M Financing for SoMa Asset

Bethesda, MD-based ASB Real Estate Investments secured $100 million in financing for a Class A office building at 795 Folsom St. in the heart of San Francisco’s SoMa district. ASB obtained the five-year, fixed-rate loan from Capital One at a 3.478% interest rate.

ASB’s Aaron Duncan says, “The Capital One loan is well-timed to lock in attractive financing on a strong, income-producing core asset.”

The loan was secured on behalf of ASB’s Allegiance Real Estate Fund, a core investment vehicle, as part of investment firm’s strategy to take advantage of favorable interest rates.

Located at the corner of 4th and Folsom Streets, adjacent to the Moscone Center and a future Central Subway station, the six-story, 189,000-square-foot office building was built in 1977 and acquired by ASB in 2013. The building features high ceilings and distinctive interior features valued by creative office tenants.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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