Lift Partners Raises Second Discretionary Fund with $425MM Buying Power

https://news.theregistrysf.com/lift-partners-raises-second-discretionary-fund-with-425mm-buying-power/

San Francisco, CA. (January 7, 2020) – Lift Partners, a San Francisco-based real estate investment firm, is pleased to announce the closing of its second fund, Lift Real Estate Partners Fund II, L.P. with $152 million in commitments, which will result in gross buying power of approximately $425 million.

Similar to Fund I, which is $102M and closed in July of 2018, Fund II will target value add investments of industrial and office properties along the West Coast, utilizing local expertise and extensive relationships to acquire and reposition assets. Lift Partners has been acquiring and operating assets on the West Coast since 2015.

In the past twelve months, Lift Partners has acquired approximately $100 million worth of assets across eight properties in the Bay Area and Seattle. Recent acquisitions include 6000 3rd Street in San Francisco, CA, 1950 Marina Blvd in San Leandro, CA, 7845 & 7855 212th St in Kent, WA and 5201 1st Ave South in Seattle, WA.

Goodwin Procter LLP advised Lift Partners on the fundraise. No placement agent was involved in the fundraise.

About Lift Partners
Founded in January 2015, Lift Partners is a full-service real estate investment company focused on the adaptive re-use and repositioning of industrial and office properties along the West Coast. Lift provides asset management, leasing and construction management services for its investments on behalf of Lift Partners Fund I, a $102M discretionary fund, Lift Partners Fund II, a $152M discretionary fund and its joint-venture partners. Lift’s portfolio to date has included $350M+ in value-add investments, $75M+ of construction projects and 1.5M+ SF of assets in the Bay Area, Seattle & Southern California.

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