Search
 

GFI Forms $1.2B JV

NEW YORK CITY-The partnership with the Carlyle Group will provide $1.2 billion of buying power with $300 million worth of equity to invest in CRE assets nationally.

By Ryan Clark | Updated on September 11, 2008

NEW YORK CITY-GFI Capital Resources Group is partnering with the Carlyle Group, providing GFI with $1.2 billion of buying power, $300 million worth of equity. The goal is to invest the money in CRE nationally, aiming to double the size of their portfolio.

“GFI has vast experience as the owner/manager of more than 100 properties in 5 different states and is ready for significant expansion over the next few years,” explains Michael Weiser, EVP of acquisitions & dispositions at GFI, in a statement. “We have already purchased a few properties as part of this venture and we’ve only just begun.” The properties purchased by this partnership are undisclosed at this time. GFI did not respond to inquires by deadline.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.