Grosvenor Americas announced the close of $300 million in its latest round of investment capital through its structured development finance (SDF) division for True North III (TNIII), a limited partnership between Grosvenor, Nicola Crosby and Kingswood Capital.
This third partnership continues to provide equity financing for residential and mixed-use developments in the North American gateway markets where Grosvenor develops and invests: Washington, D.C.; the San Francisco Bay Area; Los Angeles; Seattle; and Vancouver (Canada).
Combined with True North I & II, the structured development finance program has raised nearly $1 billion in commitments since 2015.
To support the acceleration of this strategy, Grosvenor added both Steve Guberer, formerly with CBRE, as senior vice president, capital markets to lead capital raising activities in the United States and Canada, and Jennifer Eskildsen as vice president, co-investment to oversee SDF’s West Coast activitie
