9 – 19 – 12
GSP is working with a fully discretionary equity fund for Joint Venture requests as small as $3,000,000. Requests as high as $40,000,000 will be considered for three to five year hold periods. High teens returns are sought for a 1.5x to 1.7x multiple. Ground-up construction will only be considered with substantive pre-leasing, although reposition bridge transactions do not require cash flow in place at closing. Asset classes may include the four core property types as well as self-storage, data centers, seniors/assisted housing, and/or hospitality. The top 12 metros will be targeted on a national level. Secondary and tertiary markets will not be considered.