Tishman Speyer Office Fund

Various U.S. Locations

Tishman Speyer Office Fund

Property Summary

Type: Class A Office
Office Location: Various U.S. Locations
Size: 16 Properties (8,332,559 square feet)

Acquisition Summary

Capital Invested: $15 million
Ownership Interest Acquired: 26%

Transaction Summary

Madison provided liquidity to several hundred individual investors through off-market transactions aggregating a 26% ownership interest in the Tishman Speyer Office Fund. The Tishman Speyer Office Fund was a listed property company trading on the Australian Stock Exchange that owned interests in 16 core quality assets in major metro markets in the U.S., including New York’s 300 Park Avenue and One Bush Street in San Francisco. Due to dislocation in the Australian capital markets, the market price and liquidity for shares in the company significantly decreased, increasing investor’s demand for liquidity in advance of the company charter’s 2015 mandated liquidation. In 2012, the Tishman Speyer Office Fund was taken private through a structured recapitalization fully monetizing Madison’s position.

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