Success requires expertise, timing, and above all, judgement
In the aftermath of the 2000 internet bubble, our team identified an iconic six-story brick and timber building in the SoMa District of San Francisco. The previous owner had completed major seismic upgrades and tenant improvements totaling over $50 million in preparation for occupying the building.
In 2003, we helped our client acquire the vacant property for $18.3 million in a distressed sale. We completed additional capital improvements to allow for multi-tenant occupancy and stabilized the building by mid-2005. Between 2014 and 2018, an investment-grade anchor tenant grew its footprint within the building, eventually occupying 73% of the space with a long-term lease. The property was sold to an institutional investor in July 2020 for $140 million.
The case studies described herein are intended to illustrate Manchester Capital Management’s approach to developing personalized solutions to our clients’ unique investment management problems. These examples should not be considered to be recommendations for any particular client and are not intended to demonstrate a pattern of success or guarantee positive performance. Because our recommendations are individually tailored based on each client’s individual needs, there is no guarantee that our approach to managing any client’s account will share some or all of the characteristics as the situations depicted.
Nothing contained on this website constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision.