CalSTRS Forms New US Housing JV
PERE
By Evelyn Lee
The California State Teachers’ Retirement System has formed a joint venture with New York-based private equity real estate firm GTIS Partners to initially invest $204 million in homebuilding and residential lot development across the US. The alliance represents the first programmatic JV with an institutional investor for GTIS, which currently manages $4.1 billion in assets, primarily through discretionary funds and some co-investment vehicles.
About author
You might also like
Shopoff Realty Investments Sells 16.1 Acres of Land After Securing Entitlements for 124 Two-Story Townhomes in Vista, CA
Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced today that the company has sold 16.1 acres of land entitled for 124 two-story townhomes in the Northern San Diego County suburb of Vista, CA, to a residential developer.
Lennar to Buy CalAtlantic
A $5.7 billion deal would create the nation’s No. 1 builder by revenue, and challenge D.R. Horton from the current recovery to the next.
San Diego Res Development Land Sells for $64/SF
A 3.47-acre residential land parcel located within the Pacific Highlands Ranch community in San Diego sold for $9.73 mil ($64/sf).