Ventas Inc. Acquires Office Towers In San Francisco For $1B With Buyer's Rep Debra A. Cafaro

Located in San Francisco, the property at 1 & 2 Tower Place, 4000 Shoreline Ct is an office building. This transaction took place on September 23, 2020. The property spans 721,000 square feet, with a sale price of $1,000,000,000, resulting in a price per square foot of $1,386. The loan amount for this deal was $415,000,000, acquired from lenders Citigroup and JPMorgan Chase.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $1,000,000,000
• Square Footage: 721,000
• Price per Square Foot: $1,386
• Loan Amount: $415,000,000
• Buyer: Ventas Inc. - Debra A. Cafaro
• Seller: Bain Capital & Phase 3 Real Estate Partners Inc.
• Broker: Eastdil Secured

The buyer, Ventas Inc., was represented by Debra A. Cafaro in this transaction. The seller in the deal was a partnership between Bain Capital and Phase 3 Real Estate Partners Inc. The broker involved in this transaction was Eastdil Secured.