Joint Venture Equity for Top 20 Markets

George Smith Partners has established a relationship with an equity investor group that is providing joint venture equity with an emphasis on home building and residential land development in the top 20 M.S.A.s throughout the U.S.  The investor group is managed by veterans that have been in the land development and home building business for decades.  They seek established private developers and builders who have strong teams and experience in their local markets and need the capital to grow.  Multifamily development and other asset classes will also be considered in these top 20 markets.  Depending on the duration and risk profile of the deals, the fund targets returns with a minimum 20% IRR and a 1.5x equity multiple and a minimum investment of $5,000,000 per deal with a goal of investing more than $25,000,000 per partner.