Targeting Equity Stakes in Shovel-Ready Logistics Projects of 200,000-500,000 SF
Standard Real Estate Investments, LP (Standard), a minority-owned national real estate investment and development firm with offices in Los Angeles and Washington, D.C., announced a new investment venture with funds managed by GCM Grosvenor that will target equity investments in approximately $150 million of industrial property developments in markets across the United States over the next 12-18 months.
“We’re excited about the dynamics of the industrial development market, which we
believe will enable us to source and close great investment opportunities through our venture with GCM Grosvenor,” said Robert Jue, CEO of Standard. “The user demand side remains strong – we see continued growth of both e-commerce and onshoring of overseas facilities – but the capital markets remain challenging for sponsors, and we believe our program can help fill a financing gap.”
The Standard/GCM Grosvenor venture is targeting 3-4 transactions, with a preference for shovel-ready warehouse/logistics properties of approximately 200,000-500,000 square feet in major logistics markets nationwide. “The mismatch between strong demand from businesses at both ends of the supply chain on one hand, and limited liquidity on the other, will enable our venture to step in and support quality projects with strong sponsorship,” added Lindsay Louie, Principal at Standard.
Peter Braffman, Managing Director at GCM Grosvenor, added “We are excited to partner with Standard to invest in logistics development projects across the U.S. We believe the
Standard team’s significant experience deploying capital into highly performing development investments will create meaningful alpha for our investors.”
Standard is a national allocator of development capital, operated by a leadership team that previously invested in over $8 billion of assets. The company also runs a direct development business covering the Mid-Atlantic region.