Baltus and Will Latest newhires Jennifer Baltus (L) and Wendy Will (R) add diversity toDrawbridge's management bench.

|

SAN FRANCISCO—Local firm Drawbridge Realty has hired Wendy Willas the company's new senior advisor of capital markets and JenniferBaltus as director of property management.​ Will is based inDrawbridge's San Francisco headquarters where she will overseeexpanding the firm's equity capitalization and portfolio debtfinancings.

|

"The experience and skills that Jennifer and Wendy bring toDrawbridge will be valuable in helping us to seek out, acquire andmanage worthwhile investment properties throughout the US," MarkWhiting, CEO of Drawbridge, tells GlobeSt.com​.

|

Baltus is based in Drawbridge's Denver market, where she isresponsible for the oversight of property management operations.Drawbridge's portfolio totals more than 5 million square feetacross 11 major US markets including more than 590,000 square feetin the greater Bay Area.

|

"Drawbridge completed over $400 million in new investmentsduring 2019, increasing our portfolio to 49 properties and $1.4billion in total capitalization," says Whiting.

|

Prior to joining Drawbridge, Will spent 14 years at DigitalRealty Trust as the chief financial officer of EMEA in London aswell as the senior vice president of capital markets in SanFrancisco. Prior to Digital Realty, Will was a director ofcorporate finance at Prudential Capital Group as well as a seniorauditor and system consultant at Price Waterhouse. She is also aCertified Public Accountant in California.

|

Baltus comes to Drawbridge with more than 25 years of realestate experience managing the financial and operational success ofcommercial property assets, including asset repositioning andcapital improvements. Prior to joining Drawbridge, she was a seniorvice president at JLL, responsible for property managementoperations of more than 3 million square feet in San Diego andOrange County.

|

Global acquisitions of commercial property dipped in the thirdquarter of 2019, with Europe and Asia Pacific leading the decline,according to Real Capital Analytics' latest edition of GlobalCapital Trends. US activity, which represents about one half of theglobal market for income-producing real estate, also weakened.

|

For the first nine months of last year, global trading ofcommercial property excluding land fell 7% from 2018. Among theworld's major country markets, there were only a handful thatposted an increase on 2018 levels, notably France and Singapore,which have both benefited from cross-border investor interest.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.