Drawbridge Secures $150 Million Revolving Credit Facility

  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
 
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