Standard Real Estate Investments has expanded its investment ventures with assets managed by GCM Grosvenor, adding up to $600 million of new investment capacity for industrial and multifamily transactions.
In addition to a new tranche of capital for the existing industrial program targeting equity investments in U.S. industrial property developments, the GCM Grosvenor capital relationship will support Standard’s workforce housing multifamily strategy that is pursuing $500 million of acquisitions in selected U.S. markets.
“We think private real estate bought at this stage of the cycle could provide a more attractive risk-return profile than other asset classes, and we are well positioned to capture the increased investor demand we anticipate seeing in the space,” says Robert Jue, CEO of Standard.
On the industrial side, the new tranche of equity capital enables Standard to continue the initial program with GCM Grosvenor that supported four U.S. industrial i