Kinship Capital Completes Sale of 300 Grant Avenue

The Registry:

Kinship Capital, a privately held long-duration real estate investment firm, in partnership with Pearlmark Real Estate Partners and Madison Marquette, announced the sale of its Union Square retail property, 300 Grant Avenue, to St. Brides Managers for an undisclosed sum.

Nick Thomson and Ethan Meers, principals of Kinship Capital, were the lead executives on the transaction. Mr. Thomson commented, “Kinship’s long investment horizon and interest in urban redevelopment projects led us to the acquisition of this high-street retail property in 2012. We are thrilled with the outcome of this investment and are eager to pursue more projects in the San Francisco market, with ample equity capital available to invest in 2014 and beyond.” Kinship also owns office and industrial assets in the Bay Area and is pursuing additional investments in the region.

Kinship Capital and its partners were specifically attracted to the property’s outstanding location, physical character, and in-place entitlements for mixed-use development. Pearlmark Real Estate Partners, in a transaction led by Dirk Degenaars, arranged the joint venture investment in 300 Grant Avenue in 2012. Ownership held the property for cash flow while the market strengthened and the value of the entitlements grew substantially. St. Brides was selected as buyer following a highly-competitive marketing process led by investment sales group, HFF.

About Kinship Capital
Kinship Capital is a real estate investment firm founded on 125 years of family business success. The company makes growth-oriented and duration-driven investments in the U.S. across a variety of product types including office, retail, multi-family, hospitality, and industrial real estate. Our team leverages its institutional scale portfolio while bringing an entrepreneurial approach to the investment process. Kinship has the added advantages of structural flexibility and a 50 year investment horizon. For more information, please visit www.kinshipcapital.com

About Pearlmark Real Estate Partners
Chicago-based Pearlmark Real Estate Partners is a private equity real estate investment firm that pursues domestic, value-added and core/core-plus strategies through institutional commingled investment vehicles and separate accounts. 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 over $12 billion. 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 over $4.5 billion of equity capital to the firm’s investment activities. The company currently employs approximately 30 professionals. For more information, please visit www.pearlmarkrealestate.com

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