The Swig Company, LLC, is a privately owned real estate investor operator based in San Francisco with a venerable 80-year history of investment, development, partnership and management of commercial properties in major U.S. markets. The Company's diversified portfolio includes 9+ million square feet of office buildings in markets such as New York, San Francisco, and Southern California. The Swig Company also owns and controls approximately 650,000 square feet of industrial space, and an assortment of other credit-leased properties and land for development. The Swig Company's business plan calls for moderate growth into the future. Its primary investment mission is to add value to its investment portfolio through proactive asset management, acquisitions, dispositions, selective development and redevelopment, and professional property management.
For information about The Swig Company, visit our website at: www.swigco.com
The Swig Company’s mission is to add value to its investment portfolio through proactive asset-management, property management, acquisitions, redevelopment projects and selective development projects. The Swig Company, which also fills the roll of an operating partner, identifies and invests in assets in which it can maximize value through its real estate asset management and capital markets expertise as well as its extensive experience in structuring complex financial transactions.
Founded in 1936 by Benjamin Swig, The Swig Company has established a successful legacy as a developer, investor and owner in the commercial real estate market. From its base in San Francisco, The Swig Company has built a presence in several major markets across the US through ownership of prominent office and hotel properties.
The Swig Company achieved early renown as the force behind the famed Fairmont Hotel brand. The Company acquired the San Francisco Fairmont Hotel in the immediate post-World War II period and went on to flag and/or develop hotels in Chicago, New Orleans, Dallas, Denver, San Jose, California, New York and Boston. The flagship Fairmont Hotel on Nob Hill in San Francisco has starred in numerous films and TV shows.
While the hotels were the most visible of the The Swig Company’s holdings, management by the family steadily built a major presence as a developer, owner and operator of prominent office buildings and other commercial properties across the country. In the late 1990s, with hotel values at or near historic peaks, the current management of The Swig Company made a strategic decision to sell the majority of its primary hotel holdings and re-focus the portfolio on office properties, new acquisitions and potential development opportunities. The Company retained its interests in the San Jose and Chicago Fairmont hotels.
Today, the company’s office holdings comprise over seven million square feet and include some of the most prominent and historic office buildings in markets such as New York, Houston, Dallas, and San Francisco and southern California.
For most of its history, The Swig Company operated as a family-owned and managed business, but in 1997 family shareholders unanimously decided to retain professional outside management to run the firm and hired Jeanne Myerson, an experienced real estate executive, as chief executive officer.
Over the years, The Swig Company, its executive management and principal shareholders have enjoyed close relationships with a wide variety of globally recognized investors. This approach has proven highly successful in helping the company enter new markets, leverage the expertise of its own executive team, and achieve higher returns. As it seeks new investment opportunities, the company welcomes discussions with third parties on ways to cooperate through investment, joint-ventures and structured partnerships.
The Swig Company is managed by a seasoned team of real estate professionals with depth in all aspects of property investment, development, acquisition, disposition, asset management and property management. Management team members hold leadership positions in key industry organizations and boast past experience with some of the leading real estate and investment firms. The company is overseen by a board of directors comprised of both Swig family members and independent directors.
Jim Carbone – President and Chief Executive Officer (CEO)
Jim Carbone joined The Swig Company in 2018 as President and Chief Executive Officer and as such is responsible for all aspects of the company's operations, asset management strategies and investment activities. He is also primarily responsible for building and maintaining relationships with financial partners and reporting to the Company's Board of Directors and ownership group. Mr. Carbone has spent the last 38 years in multiple facets of commercial real estate including brokerage, development and institutional advisory, including the last 22 years as a partner at RREEF and its successor company, Deutsche Asset Management. Throughout his career, Mr. Carbone has demonstrated success in value creation, successful investment realization and strategic planning. Mr. Carbone is a member of Lamda Alpha, ULI, NAIOP and ICSC.
Deborah Boyer – Executive Vice President, Director of Innovation and Community Impact
Deborah Boyer is Executive Vice President, Director of Innovation and Community Impact. Deborah leads the company's future focused initiatives in key areas including evolving workplace, sustainability, wellness, and community impact, through a comprehensive platform called h3experiences. Prior to taking her current role, Deborah was responsible for the company's national portfolio as Director of Asset Management. Deborah joined The Swig Company in 2005 with over 20 years' experience with major real estate owners and investors, providing her with a broad background in mixed-use commercial real estate. Her strategic management and positioning of Swig portfolio assets have been instrumental in placing the company at the forefront of emerging trends in the industry. Deborah's current board affiliations include SPUR, Global Workspace Association, CRETech, Carbon Lighthouse, Liquid Space, and the Uptown/Downtown Oakland Community Benefit Districts. Additional memberships in industry organizations include Lambda Alpha, ULI, BOMA, CoreNet, and WiPT.
Tomas Schoenberg – Executive Vice President, Investments
Tomas Schoenberg joined The Swig Company in 2005 and was promoted to Executive Vice President in 2014. With over three decades of institutional commercial real estate experience, he spearheads the Company’s new investment and capital sourcing efforts. Over the course of his career, Mr. Schoenberg has participated as a principal in transactions approaching $2 billion dollars of value, and comprising over 12 million square feet and over 3,000 multifamily units. Prior to joining The Swig Company, Mr. Schoenberg was Director of Real Estate for a Berkeley-based, private family real estate company, and Director of Investments for Peninsula-based developer, SARES-REGIS. He also previously held senior real estate officer positions with Kemper Real Estate Management, Integrated Resources and Metropolitan Life. Mr. Schoenberg is a graduate of the University of California, Berkeley. He sits on the Board of ULI’s San Francisco District Council and is very active in mentoring younger real estate professionals through ULI and the UC Berkeley Haas School of Business. He is a licensed Real Estate Broker in the State of California.
Connor Kidd - Executive Vice President - Director of Asset Management Connor Kidd is Executive Vice President, Director of Asset Management, responsible for The Swig Company asset management activities nationally. Connor has over a decade of institutional commercial real estate experience in Investments and Asset Management. Connor joined The Swig Company in 2009 with the Investments Team and has led the Asset Management team since January 2019. Over the course of his career, Connor has participated as a principal in transactions of over $1 billion dollars of value, and comprising over 3 million square feet and over 300 multifamily units. Prior to joining The Swig Company, Connor held real estate positions at Hunter Properties, AMB Properties (now Prologis) and North Star Realty Finance. Connor began his career as a consultant at Accenture. Connor has a Bachelor's of Science and an MBA from Stanford University. He is on the membership committee for the San Francisco NAIOP chapter and is active in mentoring younger real estate professionals through SPIRE (Stanford Professionals in Real Estate).
Jennie Liang – Senior Vice President, Director of Taxes
Jennie Liang joined The Swig Company in 2019 as Senior Vice President and Director of Taxes. She is responsible for the Company's tax matters, which include extensive partnership, corporate and trust issues. Ms. Liang also contributes to the formation of the private Company's tax strategy and participates in the evaluation of new investments. Prior to joining The Swig Company, Ms. Liang oversaw tax departments at several private equity firms, including GI Partners, Mainsail Partners, and Patheon Ventures. She also held tax positions at PwC and Deloitte helping clients with tax consulting and compliance in the real estate, private equity and venture capital industries. Ms. Liang holds a MS degree in taxation, BS degrees in Finance and Accounting, and is a Certified Public Accountant.
Sunita Bayley – Controller, Treasurer
Sunita Bayley is responsible for day-to-day management of The Swig Company’s accounting and financial management operation, as well as Human Resources. Prior to joining The Swig Company, Ms. Bayley was an audit manager with KPMG in San Francisco where she conducted audits of companies in the financial services, construction, higher education and leasing industries, among others. She is a Certified Public Accountant, a member of the California Society of CPAs and AICPA.
Corey Kristoff - Senior Vice President, Asset Management Southern California Cory Kristoff is a Senior Vice President of Asset Management at The Swig Company and oversees the company's Southern California asset management operations. Cory joined the company in 1997 as General Manager of ARCO Center in Long Beach until that asset was sold in 2012. Before joining The Swig Company, Cory was Vice President of Asset Management for IDM Corporation and managed operations of the World Trade Center in Long Beach for nine years. Prior to IDM she was Vice President at August Financial, a Long Beach based real estate syndicator in which she oversaw a portfolio of commercial and residential properties for over 8 years. Cory holds both the CPM and RPA designations and also has a California Broker's License. She also sits on the Board of Director's for Children Today, a local non-profit providing care for the homeless children of Los Angeles County.
Dennis Rosario - Vice President, Asset Management Dennis Rosario is Vice President of Asset Management, responsible for The Swig Company due diligence activities for new acquisitions and asset management for various properties in the Swig portfolio. Dennis has over 25 years of experience in commercial real estate while specializing in asset management, financial analysis, property management, sustainable building practices and due diligence for buyers and sellers. Prior to joining The Swig Company, Dennis served as Director of Asset Services for CBRE while working with a broad range of properties, institutional owners and investors. He was also a leader for CBRE in Northern California for sustainable building practices. Before joining CBRE, Dennis worked for Cushman and Wakefield in portfolio and financial management roles. Dennis has a Bachelor of Science degree from St. Mary's College and an MBA from Golden Gate University. He has earned industry designations as a BOMA RPA, CCIM and LEED Accredited Professional. Dennis is a member of the BOMA Careers Committee and is active mentoring young real estate professionals.
Tracy Letchworth - Vice President, Asset Management Tracy has extensive institutional commercial real estate experience in the areas of property management, asset management, leasing, construction management and property repositioning. She oversees The Swig Company's 3MM square foot portfolio in San Francisco, Mountain View and Oakland. Prior to joining The Swig Company in 2015, Tracy held the roles of VP of Leasing and VP of Property Management at Transwestern. She oversaw the management services operation for Northern California, which ranged from 2MM to 11MM square feet. Before Transwestern, Tracy was a portfolio manager with Cushman and Wakefield in Northern California overseeing retail, mixed-use, office and industrial properties and developing Cushman & Wakefield's third-party management business. She has also been responsible for the property management of retail and mixed-use assets for Shelter Bay Retail Group and held the position of property manager for RREEF and Mack-Cali. Tracy received her bachelor's degree in real estate and urban land development with honors from Virginia Commonwealth University. She has achieved her Certified Property Manager (CPM) designation.
Jay Scholten - Vice President, Innovation and Asset Management Jay Scholten is involved in a broad range of activities for the company's office building portfolio, including strategic planning, budgeting, leasing, and operations as well as coordinating capital projects, tenant improvements, and technology systems. Prior to joining The Swig Company in 2011, Jay held commercial property management positions with Westfield in San Francisco, and Sares Regis Group of Northern California in San Mateo.
Ernesto Sioson – Property Controller
Ernesto Sioson supervises the day-to-day corporate and property accounting operations. Mr. Sioson also contributes in establishing and maintaining internal controls. Mr. Sioson has over 17 years of experience in property accounting. Prior to joining The Swig Company, he oversaw the financial reporting to institutional investors of One Montgomery Tower and Crocker Galleria for Cushman & Wakefield.
Elaine Dell'Aquila - Vice President, Asset Management Elaine Dell'Aquila comes to the company with over 20 years of commercial real estate experience with various institutional owners and investors. Elaine's primary areas of expertise are leasing, construction management, and the property management of mixed-use commercial assets. Her dedication to providing quality customer service has proven successful with her ability to stay engaged with her clients and tenants. Prior to joining The Swig Company in 2017, Elaine held various real estate positions at Oracle, RREEF, Manulife Financial, CBRE and Harvest Properties. Elaine has a Bachelor of Science degree from California State University, East Bay and has earned her RPA and FMA designations from BOMA-International. She is a licensed California Real Estate Salesperson and is active with BOMA-SF.