Drawbridge Realty secures $240m in new equity commitments
Drawbridge Realty Management, a San Francisco–based real estate investment company, has 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.
“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,” said Mark Whiting, Drawbridge chairman and CEO.
Targeting commercial property investments in select growth markets across the United States, Drawbridge is a sophisticated 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 pro