GSP

October 2024

Transaction Description:

George Smith Partners has successfully arranged a joint venture equity partnership, securing up to $175 million for a prominent land banking investment firm and closing on the first $137 million. This is the second partnership that GSP has arranged for their client within a three-month span, bringing the total equity commitment to $550 million enabling over $1 billion of total investments. The JV Equity will be utilized to finance the acquisition and horizontal development of fully entitled land designated for residential communities across the United States.

Advisors

Ed Steffelin

Managing Director, GSP; President, AXCS Investments

Evan Kinne

Managing Director, GSP; CEO, AXCS Capital

Jordan Lipton

Senior Vice President

Nick Shapiro

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