San Francisco, CA – Throckmorton Partners has officially announced its formation as a multifamily investment platform committed to opportunistically deploying third party capital into West Coast assets. The firm was founded by David Silver and Eric Price, two California multifamily veterans with over 25 years of industry experience. The principals’ combined multifamily transaction volume exceeds $2.2 billion across approximately 12,500 units.
Throckmorton has a total of approximately $40 million in current equity commitments which it will couple with another $70 to $80 million in debt proceeds for a current purchasing power exceeding $100 million. The firm is headquartered in San Francisco and is seeking value-‐added apartment investments in primary West Coast markets with a minimum deal size between $10 million and $40 million per transaction.
David Silver joins Throckmorton Partners after departing from Arroyo & Company, a regional commercial brokerage firm, where he served as Executive Vice President. During his tenure at the firm, Mr. Silver was one of the leading multifamily agents in Northern California. Throughout his career he has represented private and institutional owners, lenders and governmental agencies in the acquisition and disposition of multifamily assets throughout the West Coast. Over the course of his brokerage career he has been directly involved in the disposition of more than 10,000 units for a combined consideration of over $1.6 billion. During the last five years Silver has transitioned exclusively to the owner operator side of the business and has ceased his brokerage activities.
Eric Price recently served as Vice President of Investments for Pacific Urban Residential, heading up the company’s San Francisco Bay Area investment platform. During his two years at the company he was responsible for approximately $283 million in total acquisition volume across nearly 1,000 Bay Area multifamily units. Prior to his time at Pacific, Mr. Price was a principal with Multifamily Investment Partners and before that held a senior level acquisition position at Davlyn Investments. Over the course of his multifamily career he has been directly involved in the acquisition of nearly 2,500 units for a combined consideration of over $630 million.
About Throckmorton Partners
Throckmorton Partners is actively seeking additional West Coast multifamily opportunities and can be reached at 415-‐772-‐6000 or www.throckmortonpartners.com with headquarters at 425 California Street, Suite 2000 in San Francisco, CA 94104.