Acquisition of The Edge at Union Square Mixed-Use Redevelopment

Deal value: $360M

Acquisition of a mixed-use redevelopment project in San Francisco, CA, comprising 280 residential units, 40,000 SF of retail, and 18,000 SF of office space. The property is located at 1000 Market Street and is part of the Union Square urban infill initiative.

The core investment motivation is to capitalize on San Francisco’s post-pandemic urban recovery, specifically targeting Union Square’s mixed-use assets at a time when valuations are depressed but leasing momentum and city policy support are increasing. The strategic purpose is to secure a prime, large-scale infill property with diversified income streams (residential, retail, office) in a location poised for long-term appreciation as the area rebounds and urban living regains favor.