The real estate investment company is targeting equity commitments of $500MM
San Francisco, Calif. (March 7, 2019) — Swift Real Estate Partners (“Swift”), a San Francisco-based, vertically integrated real estate investment firm, announced today the initial close of its third fund with commitments totaling approximately half of a $500 million target. This will result in gross buying power of nearly $1.5 billion.
Swift began its fund business in 2014 with the launch of Swift Fund I with $329 million in commitments. Swift followed this with Fund II in 2016 with commitments of $408 million. The firm’s fundraising efforts for Fund III are on the heels of strong realized performance in Fund I and significant deployment of Fund II in 2018. Fund III’s initial close includes several returning limited partners. This continued partnership is evidence of Swift’s attractive track record since the company’s 2010 inception.
The real estate firm has been very active the last twelve months with five acquisitions and fourteen dispositions, totaling $1.8 billion in transactions activity. Recent acquisition highlights include 1390 Market, 101 Utah and 55 New Montgomery in San Francisco, Flyte in El Segundo, and Overlake 520 in Bellevue. Over the same time, the firm sold 2.7 million square feet of assets, totaling $805 million. Swift continues to seek value-add office and industrial opportunities on the West Coast.
“We are excited about our initial close on Fund III. This occurred less than 90 days after commencement of marketing. We are thankful for our investors’ support, helping us position ourselves to find more opportunities in our West Coast markets,” said Christopher Peatross, Chief Executive Officer of Swift.
The company has extensive infrastructure in place with a team covering all aspects of the real estate investment process (transactions, portfolio management, construction and property management) throughout offices along the West Coast. Swift’s vertically integrated platform separates itself from the pack with the ability to have close oversight of assets from acquisition through disposition.
About Swift Real Estate PartnersFounded 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 2014 and is fully deployed. Swift’s Fund II was raised in 2016 and is fully 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 management, including acquisition, financing, leasing, disposition, construction oversight and property management.
