Duo Teams Up on Workforce-Housing Deals
Standard Real Estate Investments has expanded its investment ventures with assets managed by GCM Grosvenor, a leading global alternative asset management firm, adding up to $600 million of new investment capacity for industrial and multifamily transactions. In addition to a new tranche of capital for the existing industrial program targeting equity investments in U.S. industrial property developments, the GCM Grosvenor capital relationship will support Standard’s workforce housing multifamily strategy that is pursuing $500 million of acquisitions in selected U.S. markets. Real Estate Alert reported exclusively on the news in the January 7, 2025 issue.