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Drawbridge Lands $240M in New Equity Commitments
San Francisco-based Drawbridge Realty Management 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 more than $1.6 billion.
Drawbridge’s Mark Whiting says, “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.”
Drawbridge acquires short and long-term leased, single-tenant office and R&D buildings in select growth markets across the U.S. 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 leading global investment firm KKR, which played an important role in procuring the new capital.
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