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YODA PLC has entered the U.S. commercial real estate market with the acquisition of the Transamerica Pyramid Center in San Francisco, a transaction that includes the city’s iconic Transamerica Pyramid. The seller in the deal is described as an investment group led by New York City-based SHVO, giving the transaction a bi-coastal profile between San Francisco and New York investment interests.
According to YODA, the total acquisition price was $725 million. The company stated that this figure reflects a final discounted property price of $691.6 million for the Transamerica Pyramid Center, together with a $34 million settlement involving asset manager Michael Shvo and entities Shvo Group LLC, Shvo Property Management LLC and Shvo Brokerage LLC. These components were combined to arrive at the overall transaction value disclosed by the buyer.
A source familiar with the deal told Connect CRE that Eastdil Secured advised YODA on the acquisition. The advisory role covered YODA’s purchase of the entire Transamerica Pyramid Center, which includes the skyline-defining tower that has long served as one of San Francisco’s most recognizable commercial landmarks. No additional transaction terms, including financing structure or capitalization details, were disclosed in the information provided.
In a statement on the acquisition, YODA PLC CEO Alon Bar described the purchase of the Transamerica Pyramid Center as a strategic milestone for the company in 2026. He framed the deal as an intentional move into what he characterized as the United States’ position as the largest and most sophisticated real estate market globally. Bar also emphasized that the company is deploying capital into what he called one of the most sought-after landmarks in San Francisco.
The transaction marks YODA PLC’s first deal in the U.S. and centers on a single, high-profile office complex in a major coastal gateway city. While detailed business plans for the property were not disclosed, YODA’s comments highlight the firm’s view of the Transamerica Pyramid Center as a flagship entry point for its expansion into the U.S. market.
Further information on future investment activity, potential repositioning strategies or leasing initiatives at the Transamerica Pyramid Center was not included in the materials released. However, the combination of a large-scale purchase price, a globally recognized office tower and an international buyer signals continued institutional interest in premier San Francisco commercial real estate assets.
The post YODA PLC Buys San Francisco’s Transamerica Pyramid Center for $725M appeared first on CRE Market Beat.
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