NEWPORT BEACH, CA—Green Street Advisors and Golden Gate Capital have reached an agreement wherein Golden Gate will obtain a majority stake in Green Street. Green Street is a leading provider of research, analytics, and advisory & consulting services to the CRE industry.
Golden Gate Capital is a leading investment firm with extensive experience in real estate and information services. Terms of the transaction were not disclosed. Green Street says it is “uniquely positioned at the crossroads of the public and private commercial real estate markets, from which it provides market-leading information, analytics and insights to both.”
The Green Street leadership team, including all 12 managing directors, will continue in their current roles and retain a substantial investment in the firm alongside Golden Gate. The partnership with Golden Gate will support Green Street's business strategy and accelerate the firm's ongoing investments in intellectual capital, new product development and data to better serve the firm's
customers and enhance long term growth.
Craig Leupold, Green Street's president, said, “Since our founding by Jon Fosheim and
Mike Kirby 29 years ago, we have created a strong platform and have become the most
trusted name in commercial real estate research and analysis. At the same time, we have carefully developed a culture that rewards our employees and owners for their discipline, thought-leadership, customer-focus and entrepreneurial spirit, which has resulted in consistent and impressive growth. We are thrilled to be partnering with Golden Gate Capital, a leading investor that appreciates and understands the importance of maintaining our culture, and stands ready to assist us in identifying and executing on future growth initiatives for the long-term.”
“With a rich heritage of providing innovative and trusted research to blue chip clientele,
a talented leadership team and a tremendous brand, Green Street represents a terrific
opportunity to invest in a leader in a large and rapidly growing market,” said Jake
Mizrahi, managing director at Golden Gate Capital. “We look forward to partnering
with Green Street to support and accelerate its growth and expansion into new segments while delivering enhanced products and greater value for customers.”
Closing of the transaction is subject to all necessary regulatory and other approvals.
Evercore acted as financial advisor to Green Street on the transaction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
