GPI Secures $300M Equity Commitment

The commitment comes from one of the largest state pension systems and is a significant expansion of GPI’s relations ship with the state retirement system.

GPI Cos. has secured a $300 million equity commitment from one of the largest state pension systems in the country. GPI made the announcement but did not disclose the name of the source.

This new equity commitment represents an expansion of GPI’s relationship with the state pension system, which has invested a total of $500 million in equity with GPI.

GPI plans to deploy the capital across a broad swath of real estate assets, including mixed-use properties, multi-family housing, creative office, medical office, industrial and retail conversions.

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