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

Deals

Brandywine Homes to Build 586-Unit Self Storage Facility in Escondido

ESCONDIDO, Calif. – December 19, 2016 – Brandywine Homes announced today that it has purchased 3.2 acres of vacant land at 2319 Cranston Drive in Escondido’s Kit Carson neighborhood and

Homebuilders / Land Developers

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

Cook Hill Properties to Build 1,200 Homes on Oil Property in Montebello

The new owners of the development company planning to build 1,200 homes in the Montebello hills said the firm plans to continue with the project. Newport Beach-based Cook Hill Properties