
July 11, 2024
JV Equity Partner for up to $375,000,000 of Capital for a Leading Land Banker
Transaction Description:
George Smith Partners has successfully arranged a joint venture equity partnership, securing up to $375 million for a prominent land banking investment firm. This capital infusion will be utilized to finance the acquisition and horizontal development of fully-entitled land designated for residential communities across the United States. The JV equity partner closed with an initial investment of $120 million to fund projects already under construction.
Financing Team

Ed Steffelin
Managing Director, GSP; President, AXCS Investments

Evan Kinne
Managing Director, GSP; CEO, AXCS Capital

Jordan Lipton
Senior Vice President

Nick Shapiro
Associate

