Pearlmark Closes Recapitalization of 300 Grant in San Francisco

Chicago, IL (January 14, 2013) — Pearlmark Real Estate Partners, L.L.C., in a joint venture with Kinship Capital and Madison Marquette, announces the recapitalization of 300 Grant in San Francisco, CA. Located at the northeast corner of Grant and Sutter Streets in San Francisco’s Union Square District, 300 Grant is currently 100% leased to eight tenants under various short- to medium-term leases, including Industrie Denim and Calvin Klein Performance. The location is a highly visible, prominent corner one block north and east of Union Square and one block south of the Chinatown Gate and includes approximately 40,000 square feet of prime retail and office space.

Dirk Degenaars and Jason Trailov of Pearlmark Real Estate Partners arranged the transaction on behalf of Pearlmark. Mr. Degenaars stated, “We are thrilled about this new joint venture and the opportunity to bring a flagship retailer to this exceptional property in San Francisco’s vibrant Union Square District.”

About Pearlmark Real Estate
Chicago-based Pearlmark Real Estate Partners is a private equity real estate investment firm that pursues domestic, value-added investment strategies through a series of institutional equity fund vehicles. Since its inception in 1996, the firm has made more than 500 office, industrial, retail, multifamily, and mezzanine loan investments nationwide, representing a gross investment of approximately $12 billion. The current portfolio includes 40 office buildings, 3 retail properties and 2 industrial assets totaling approximately 13 million square feet, as well as 15 multifamily assets with approximately 4,100 units and 27 mezzanine or preferred equity investments. Pearlmark and its partners, including insurance companies, public and private pension funds, foundations and endowments, banks, corporations, and high net worth individuals and families, have committed nearly $4 billion of equity capital to the firm’s investment activities. The company currently employs approximately 50 professionals and is headquartered in Chicago with offices in Denver and New York City. For more information, please visit www.pearlmarkrealestate.com.

About Kinship Capital
Kinship Capital (formerly KTC Properties) manages direct real estate investments for the Searle Family and Trusts. Kinship Capital draws on decades of experience at the highest levels of real estate investment, development, leasing, and operation. Kinship Capital provides investors with superior risk-adjusted returns by identifying, acquiring, and adding value to high-quality commercial real estate assets in premier U.S. markets. The company offers significant advantages to its investors and partners: a long investment horizon, substantial financial strength, access to preferred financing vehicles, and a team with rapid decision making and due diligence capabilities. The principals of Kinship Capital have a proven track record and deep relationships with sales and leasing brokers, tenants, owners, and lenders. They have sourced, underwritten, and executed numerous acquisitions, developments, dispositions, and financings. They also have extensive asset management experience and have conceived and managed construction projects ranging from minor interior improvements to ground-up and adaptive reuse developments of several million square feet. For more information, please visit www.kinshipcapital.com.

About Madison Marquette
Madison Marquette is a Washington, D.C.-based investor, developer and operator of retail and retail mixed-use real estate throughout the United States. The company specializes in creating unique retail destinations that respond best to consumer preferences. With regional offices in Los Angeles, Philadelphia, New York, Charlotte, San Francisco, Boca Rotan, Seattle and San Diego, Madison Marquette seeks investment opportunities in growing markets. The company maintains a sophisticated in-house operating capability and oversees 18 million square feet of retail real estate. This diverse national portfolio includes many properties that Madison Marquette manages and leases on behalf of third-party owners. For more information, please visit www.madisonmarquette.com.

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