July 25, 2014 9:29 PM ET

Capital Markets

Company Overview of Drawbridge Realty Trust, LLC

Company Overview

Drawbridge Realty Trust, LLC is a real estate investment firm specializing acquisition, development and management of “value-add” commercial property investment opportunities. The firm focuses on office, R&D and industrial properties, which can ultimately be leased to large corporate tenants. It targets investments in Western United States, with a particular emphasis on Northern California, Southern California and Austin, Texas.

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United States

Key Executives for Drawbridge Realty Trust, LLC

Chief Executive Officer
Age: 57
Co-Founder
Compensation as of Fiscal Year 2014.

Drawbridge Realty Trust, LLC Key Developments

Drawbridge Realty Trust, LLC Secures $150 Million Revolving Credit Facility

Drawbridge Realty Trust, LLC announced that it has secured a $150 million revolving credit facility with KeyBank National Association as the lead arranger and administrative agent. Co-participants on the credit facility include Wells Fargo Bank, National Association; US Bank, National Association; BMO Harris Bank, National Association; and City National Bank. The credit facility provides Drawbridge with efficient, dedicated, low cost debt capital for new acquisitions, and when combined with the recent $150 million equity investment from New York-based Almanac Realty Investors, it further enables the company to expand its 2 million square foot commercial real estate portfolio.

Drawbridge Realty Trust Acquires Four Office Buildings in Commercial Property Portfolio Expansion

Drawbridge Realty Trust acquired four buildings in San Diego County and Silicon Valley. The acquisitions added over 227,600 square feet to Drawbridge's portfolio, now totaling 1.8 million square feet across the Western United States. The purchases occurred after the firm received a $150 million capital infusion from Almanac Realty Investors in September 2012. Three properties were purchased in San Diego submarkets. Two buildings of the Discovery Corporate Center campus located at 11020 Via Frontera Drive and at 16465 Via Esprillo in Rancho Bernardo, were acquired for $53 million. The two properties are leased to Broadcom Corporation and comprise 137,438 square feet. The seller was Menlo Equities, LLC, and no brokers were involved in the off market transaction. Drawbridge also acquired a vacant life sciences building in San Diego County's Sorrento Mesa area, located at 6550 Nancy Ridge Drive. The 24,117 square-foot building was acquired for approximately $2 million and will be redeveloped to attract a corporate user. Drawbridge Realty Trust increased its Northern California holdings by acquiring a two-story office building in Santa Clara. The property is located 3201 Scott Boulevard and was purchased for just under $18 million. The building totals 66,106 square feet and is leased to Advantest America. The seller was also Menlo Equities, LLC.

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