San Francisco, CA (June 11, 2019) – Lift Partners, a real estate operating company headquartered in San Francisco, is pleased to announce the increased equity investment from $50 million to $75 million from its Limited Partner investors in Lift Real Estate Partners Fund I, LP.
In June of 2018, Lift held the initial closing (Article) for the discretionary vehicle which has the potential to grow to $100 million in equity commitments based on market conditions and opportunities. The increased investment provides roughly $200 million in purchasing capacity for Lift to continue acquiring value add and opportunistic investments in the industrial and office sectors located in the Bay Area and Seattle.
Lift Partners has been active in the first quarter of 2019, acquiring $30.5M in assets (article) and will continue to utilize its local expertise and extensive relationships to acquire, reposition and operate assets in the Bay Area and Seattle MSAs which has been its practice since forming the company in 2015.
In June of 2018, Lift held the initial closing (Article) for the discretionary vehicle which has the potential to grow to $100 million in equity commitments based on market conditions and opportunities. The increased investment provides roughly $200 million in purchasing capacity for Lift to continue acquiring value add and opportunistic investments in the industrial and office sectors located in the Bay Area and Seattle.
Lift Partners has been active in the first quarter of 2019, acquiring $30.5M in assets (article) and will continue to utilize its local expertise and extensive relationships to acquire, reposition and operate assets in the Bay Area and Seattle MSAs which has been its practice since forming the company in 2015.
Goodwin Procter LLP advised Lift Partners on the additional fundraise. No placement agent was involved in the fundraise.
About Lift Partners
Founded in 2015, Lift provides asset management, leasing and construction management services for its investments on behalf of Lift Real Estate Partners Fund I, a discretionary fund with $200M in purchasing capacity, and its joint venture partners which include Westbrook Partners, Acre Valley, PCCP and Blackbird. Lift’s portfolio to date has included $300M+ in gross investments spread across 1.25M square feet of assets in the Bay Area, Seattle and Southern California. Lift Partners is headquartered in San Francisco. www.liftrp.com
