Swift Real Estate Partners Completes Portfolio Sale with Partners Group
SEPTEMBER 2018
Swift Real Estate Partners (“Swift”), a vertically-integrated real estate investment management firm with in-house asset, property, and construction management capabilities, has completed a portfolio sale to funds managed and/or advised by Partners Group, the global private markets investment manager (“Partners Group”), comprising four Class A office assets in California (the “Portfolio”) previously owned by affiliates of Swift. The Portfolio, totaling approximately 1.9 million square feet of gross leasable area (“GLA”), is spread across Northern and Southern California.
“The Portfolio allows Partners Group to acquire a critical mass of Class A office properties that enjoy an attractive combination of income and growth from further lease up and development opportunities. Located in urban-suburban locations with good access to housing, amenities, and multiple modes of transport, the Portfolio is well-positioned with employers that view the workplace as an essential tool to attract and retain talent,” said Fabian Neuenschwander of Partners Group.
Swift will continue to serve as manager of the Portfolio. Terms of the transaction were not disclosed. “We are delighted to have completed this transaction with Partners Group and expand our relationship by continuing to manage the Portfolio,” said Christopher Peatross, President and Chief Executive Officer of Swift. “We are thrilled to have provided liquidity and optionality to our existing partners and look forward to creating additional value for the Portfolio.”
Accord Capital Partners LLC served as the exclusive financial advisor to Swift in connection with this transaction.
ABOUT SWIFT REAL ESTATE PARTNERS
Founded in 2010, Swift Real Estate Partners is headquartered in San Francisco, and has regional offices in Orange County, Portland, the San Francisco East Bay and the Silicon Valley. Swift is a vertically-integrated real estate investment firm which seeks to generate superior risk-adjusted returns for its partners. Swift acquires and repositions office and industrial assets in select West Coast markets, identifying unique opportunities and executing well-defined business plans while providing real-time, day-to-day oversight for each investment. Since inception, Swift has owned and operated real estate valued in excess of $3 billion across more than 10 million square feet. Swift’s first institutional fund was raised in 2013 and is fully deployed. Swift’s Fund II was raised in 2016 and is substantially committed. Swift’s investor base includes U.S. pension funds, endowments and foundations, as well as foreign investors and investment advisors. Swift's professionals bring experience encompassing all aspects of real estate investment and management, including acquisition, financing, leasing, disposition, construction management, property management and creative and marketing services.
ABOUT PARTNERS GROUP
Partners Group is a global private markets investment management firm with USD 78 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 1,000 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees. For further information on Partners Group, visit: www.partnersgroup.com.
ABOUT ACCORD CAPITAL PARTNERS LLC
With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit: www.accord-group.net.
