November 15, 2017 0

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.

Read More

Previous Burbank Denies MLC Holdings’s Preapplication to Submit its Housing Project
Next U.S. Home Construction Reaches Strongest Pace in a Year, But Falls in the West
Tags CSTRGTIS Partners
Category Deals

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

Lennar to Build 124 Homes in the Phillips Ranch area of Pomona

Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The

Deals

RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. RSI

Deals

CalAtlantic Homes Buys 170-Acre Master-Planned Dev Site in Del Sur