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]

References

  1. "Contact Us". Southwest Value Partners. Retrieved August 2, 2018.
  2. Rivera, Steve (April 23, 2005). "Having a Blast". Tucson Citizen. Retrieved November 30, 2017.
  3. 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.
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