Alternative Real Estate Fund Manager GreenFort Capital and Gaw Capital Partners have formed a joint venture, through their managed funds, to acquire and develop an A$800 million ($533 billion) pipeline of more than 50 land lease community projects.
The joint venture accelerates GreenFort’s plans to scale its new Liven Communities business to an initial platform of 1,200 land-lease dwellings across the east coast of Australia.
GreenFort executives Adam Vaggelas, Nick Singleton, and Daniel Cheilyk established the Liven Communities land-lease business last year and have acquired a 57,000-square-meter (613,543-square-foot) parcel of land on Beach Road at Hervey Bay in Queensland, with approval to develop 132 homes and resort style-community facilities, including residents lounge and bar, gymnasium, cinema, outdoor BBQ areas, pool, and tennis and pickleball courts.
The group also has recently purchased Willow Village in Southside, near Gympie in Queensland —
