To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
GCM Grosvenor forms industrial venture with Standard Real Estate Investments
Funds managed by GCM Grosvenor have forged a new investment venture with Standard Real Estate Investments, a minority-owned national real estate investment and development firm.
The Standard/GCM Grosvenor venture will target around $150 million of equity investments in industrial property developments in major U.S. logistics markets during the next 12–18 months. Specifically, the venture is targeting three-to-four transactions, with a preference for shovel-ready warehouse/logistics properties of 200,000–500,000 square feet.
“We’re excited about the dynamics of the industrial development market, which we believe will enable us to source and close great investment opportunities through our venture with GCM Grosvenor,” said Robert Jue, CEO of Standard. “The user demand side remains strong — we see continued growth of both ecommerce and onshoring of overseas facilities — but the capital markets remain challenging for sponsors, and we believe our program can