Drawbridge Secures $150 Million Revolving Credit Facility Business Wire SAN FRANCISCO -- July 9, 2013 Drawbridge Realty Trust, LLC (http://www.drawbridgerealtytrust.com/) announced that it has secured a $150 million revolving credit facility with Cleveland-based KeyBank National Association as the lead arranger and administrative agent. Co-participants on the credit facility include Wells Fargo Bank, National Association; US Bank, National Association; BMO Harris Bank, National Association; and City National Bank. The credit facility provides Drawbridge with efficient, dedicated, low cost debt capital for new acquisitions, and when combined with the recent $150 million equity investment from New York-based Almanac Realty Investors, it further enables the company to expand its 2 million square foot commercial real estate portfolio. “We are obtaining this new source of capital at an optimal time,” said Mark Whiting, CEO of Drawbridge. “This is a powerful group of banks backing Drawbridge, and their support will be instrumental in our continued expansion in the Western U.S.” “The team at Drawbridge has extensive real estate experience and a solid platform, which makes the company an ideal candidate for a revolving credit facility. We are excited about our excellent group of banks and Drawbridge’s future prospects,” said Josh Mayers, Vice President of KeyBank National Association. KeyBank is one of the nation’s largest bank-based financial services companies. With assets of approximately $89 billion, KeyBank offers community banking with 1,076 full service branches in 14 states, and nation-wide corporate banking. About Drawbridge Realty Trust, LLC Drawbridge Realty Trust, LLC is a San Francisco-based real estate investment and development company that targets commercial property investments in select markets across the western United States. The firm pursues properties suited to large corporate tenants, with an emphasis on fully occupied buildings, as well as properties that are ready for new development, redevelopment, or conversions to higher and better uses. The current portfolio is comprised of properties located in the Silicon Valley; San Diego; Austin, Texas; and Salt Lake City, Utah. Drawbridge has completed transactions with major corporations including Advantest, Broadcom, Google, Johnson & Johnson, L-3 Communications, Lockheed Martin, National Instruments, and Unisys. www.DrawbridgeRealtyTrust.com Contact: Pike and Company Gary Pike, APR 415-585-2100 Gary@pikeandcompany.com or Drawbridge Realty Trust, LLC Brandi Tribulato, 415-391-4470 Vice President Investor Relations BTribulato@DBRTrust.com
Drawbridge Secures $150 Million Revolving Credit Facility
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