Lift Partners, a real estate operating company headquartered in San Francisco, is pleased to announce the closing of Lift Real Estate Partners Fund I, LP. The $50 million discretionary vehicle has the potential to grow to $100M in equity commitments based on market conditions and opportunities. The Fund will target value-add and opportunistic investments in the industrial and office sectors. Lift Partners will continue to utilize its local expertise and extensive relationships to acquire, reposition and operate assets in Bay Area and Seattle MSAs which has been its practice since forming the company in 2015.
Co-Managing Partner Patrick Fisher who led the fundraise process on behalf of Lift said “The new Fund allows us to deploy approximately $150M of discretionary capital when leveraged. We’re very excited about this milestone for our company.”
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 commercial properties. Lift concentrates primarily on value-add, infill opportunities and opportunistic development along the West Coast. Our expertise is bringing the necessary skills through brokerage relationships, construction and market knowledge and thoughtful execution to create value for our investors. We apply our approach to industrial, office and mixed-use properties often times with challenging structural, environmental or historic designation hurdles to overcome. Take the best of the old and refresh new. Lift’s portfolio to date has included over $230M+ in gross investment, $50M+ of construction projects and 1.2M+ square feet of assets in Bay Area, Seattle & Southern California. www.liftrp.com