Southwest Value Partners

Southwest Value Partners (SWVP) is an American privately held real estate investment company. It is headquartered in San Diego, with an office in Scottsdale, Arizona, US.[1]

Southwest Value Partners
IndustryReal estate
Founded1990
FounderRobert Sarver and Millard Seldin
HeadquartersSan Diego, California, US

SWVP was founded in 1990 by Robert Sarver and Millard Seldin;[2] as of January 2018 Sarver remained a principal, with the managing partners being Mark Schlossberg and Cary Mack.[3]

In 1995, SWVP purchased the Emerald Plaza in San Diego;[2] as of February 1997 the company controlled almost 30% of the Class A office space in downtown San Diego.[4] In 2004, SWVP sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm Triple Net Properties for $274.5 million.[5]

On December 2017, SWVP bought the Bank of America Center and two other towers in downtown Orlando, Florida from Cousins Properties for more than $200 million.[3][6]

In 2018, SWVP demolished the Draper Tower and the Sullivan Tower in Nashville, Tennessee to develop Nashville Yards, the site of Amazon's projected Operations Center of Excellence.[7][8] In August 2019, SVP "made a meaningful financial commitment on a multiyear basis" to the Susan G. Komen Breast Cancer Foundation, with relevant events planned at Nashville Yards.[9]

In June 2020, SWVP confirmed it had reached a deal to acquire the Union Station Hotel in Nashville.[10]

ReferencesEdit

  1. ^ "Contact Us". Southwest Value Partners. Retrieved August 2, 2018.
  2. ^ a b Rivera, Steve (April 23, 2005). "Having a Blast". Tucson Citizen. Retrieved November 30, 2017.
  3. ^ a b Brinkmann, Paul (January 3, 2018). "Deeds recorded on $208M purchase of downtown Orlando towers". Orlando Sentinel. Retrieved September 25, 2018.
  4. ^ Gumbel, Peter (February 19, 1997). "Arizona Firm Has Bought 30% Of Prime San Diego Real Estate". Wall Street Journal. Retrieved September 25, 2018.
  5. ^ Southwest Value Partners: "Three Downtown Towers are Sold for $274 Million" June 17, 2004. Retrieved November 30, 2017.
  6. ^ Aslam, Sarah (December 22, 2017). "San Diego firm scoops up 3 downtown Orlando trophy towers for more than $200M". Orlando Business Journal. Retrieved September 25, 2018.
  7. ^ Meyer, Holly (January 6, 2018). "LifeWay implosion: How does the tower's namesake feel?". The Tennessean. Retrieved July 25, 2018.
  8. ^ Snyder, Eric (July 23, 2018). "Watch downtown's Sullivan Tower come crashing down". Nashville Business Journal. Retrieved July 25, 2018.
  9. ^ Mazza, Sandy (August 26, 2019). "Nashville Yards developer announces new deal at site of Amazon campus and entertainment district". The Tennessean. Retrieved August 28, 2019.
  10. ^ "Southwest Value Partners plans to buy Union Station Hotel". NewsChannel5: Nashville. 11 June 2020. Retrieved 30 June 2020.

External linksEdit