(Save the date: RealShare Industrial 2012 comes to TheBanker's Club, Miami, December 5 - 6.)
SAN FRANCISCO-Affiliates of New York-based AlmanacRealty Investors LLC have entered into an agreementwith locally based Drawbridge Realty Trust underwhich Almanac has initially committed to invest $150 million in thereal estate investment and development company. Under terms of thetransaction, Drawbridge will be able to draw funds from Almanac asneeded over the next two years in order to expand itsportfolio.
Investment activity will be focused on the western US, with aparticular emphasis on Northern California, Southern California andAustin, TX. Drawbridge is focused on the acquisition, developmentand management of “value-add” commercial property investmentopportunities in the western US. The firm focuses onoffice, R&D andindustrial properties, which can ultimately beleased to large corporate tenants. Almanac manages a series ofinvestment funds and is a provider of growth capital to public andprivate real estate companies.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
