Transaction Description
George Smith Partners has successfully secured $2,400,000 in Joint Venture and Co-GP Equity for the renovation/redevelopment project of a current five-story residential building spanning 25,519 square feet and housing 50 affordable units in Downtown DC. Through skillful orchestration, GSP arranged a programmatic equity agreement that offers investors enhanced returns over a prolonged period. This strategic collaboration between the Sponsor and GSP aimed to secure a steadfast equity provider for future ventures.
Simultaneously, the equity provider gains the privilege of tapping into the Sponsor’s expansive project pipeline, thereby opening doors to potential future funding returns. This mutually beneficial arrangement not only ensures the success of the current project but also establishes a foundation for continued collaboration and growth in future endeavors.
AXCS Investments, acting as the Co-GP, brought its investment expertise to the table, leveraging its financial acumen and industry knowledge to forge a strategic collaboration with the Sponsor. This collaboration showcased the synergies between the partners involved, underscoring their ability to seamlessly integrate investment and brokerage services for a successful and mutually beneficial real estate transaction.
