San Diego – June 16th, 2021 – CBRE arranged the financing of The Brookwood North San Diego Portfolio on behalf of Brookwood Financial Partners, LLC (“Brookwood”). The portfolio is a collection of seven best-in-class office properties within three campus settings across North San Diego County. The sponsor was exclusively represented by the CBRE Capital Markets team of Amy Julian, Christian Lee and José Lobón.
The portfolio totals approximately 485,000 square-feet and is designed with contemporary architectural aesthetic, flexible floor plates, extensive landscaping and numerous on-site amenities. Since acquiring the assets in 2015, Brookwood has invested more than $10 million in capital improvements on the portfolio.
“The project’s amenity-rich campus settings, with exceptional access to freeways and executive housing, has contributed to strong leasing momentum across the portfolio,” said Ms. Julian.
The lender, Värde Partners, is a leading global alternative investor based in Minnesota. The firm provided the $91 million, floating rate loan with a 4-year term.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
About Brookwood – Brookwood is a nationally-recognized private equity real estate investment firm that specializes in acquiring and managing value-add commercial real estate and other real estate-related operating businesses. Since its founding in 1993, Brookwood has invested over $1.7 billion of equity to acquire a portfolio of 200 commercial real estate properties, seven operating companies, and 451 gas stations with convenience stores, with a total capitalization of over $3.5 billion. The portfolio has spanned multiple asset classes, geographical markets, and industries throughout the United States.
