Stablewood, a national, multi-strategy real estate operator powered by its proprietary technology, announced a new investment venture with funds managed by GCM Grosvenor.
The venture will provide construction financing to experienced developers of shovel-ready, single-tenant-net-lease (STNL) retail projects secured by long-term leases with creditworthy tenants. In addition to providing as much as 100 percent of the capital required for projects, the Stablewood-GCM Grosvenor venture also offers developers an optional forward purchase.
“We are thrilled to be expanding the Developer Capital Platform at a time when demand for new stores among national retail tenants remains high, and the supply of capital to developers is historically low,” said Brandon Taubman, chief strategy officer for Stablewood.
Mike Dailey, head of developer capital for Stablewood, added, “Our deal pipeline is robust. We are building on our existing relationships with best-in-class d
