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SFF Realty Closes $500M Fund to Acquire Bay Area Office, R&D
Signaling renewed interest in office generally and the Bay Area in particular, SFF Realty Partners, rebranded from PSAI Realty Partners, has completed raising a $500-million fund to acquire Bay Area office and R&D properties, reported the Silicon Valley Business Journal. SFF raised the capital for SFF Realty Fund V in 12 months
The oversubscribed raise, according to sources familiar with the fund, suggests investors are backing experienced managers as appetite for office real estate rebounds, the Business Journal reported. Return-to-office mandates and venture capital-backed artificial intelligence companies are driving demand for newer office buildings, as firms leave older spaces to attract talent.
This is the fifth fund the San Francisco-based firm has raised to acquire value-add commercial real estate. SFF will work with brokerage firms to identify properties that have solid income from rent payments but require improvements to generate more revenue and potentially a higher sale price.
- ◦Sale/Acquisition
- ◦Financing
