The Pasadena Collection hastraded hands for $193 million between a global investment managerand Swift Real Estate Partners. The asset is aninstitutional quality three-property office portfolio totaling516,890 square feet in Pasadena, California.

This is the first transaction to be completed on behalf ofSwift's recently raised $500M Fund III, which is focused onvalue-add investments in Northern California, Southern Californiaand the Pacific Northwest.  The recently raised fund has$1.35 billion of buying power.

In addition, Swift secured a $160 million loan to acquire theproperty. The loan has a three-year, floating-rate acquisition loanthrough Nuveen Real Estate.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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