SAN FRANCISCO—Investment management firm of Swift Real Estate Partners has conducted a final closing of Swift Real Estate Partners Fund I, with $324 million in commitments from 23 institutional and high net worth individual investors.
The property fund, originally was launched on July 3, 2013, and it focuses on value-add office and industrial projects in the San Francisco Bay Area and other major West Coast metropolitan areas. Targeted property sizes range from $5 million to $150 million.
“We are pleased and fortunate to have completed our raise of Swift Real Estate Partners Fund I. We believe that the market will continue to offer us ample opportunities to achieve excellent risk adjusted returns for our investors” said Chris Peatross, founder and president of the vertically integrated real estate investment firm. Swift selectively acquires and repositions office and industrial assets in select West Coast markets. Swift identifies unique opportunities and executes well-defined business plans while providing real-time, day-to-day oversight for each investment. The firm’s chairman is Douglas Abbey, a co-founder of AMB Property Corporation.