of committed equity
of asset costs
across 30 markets
Land and Master Plan Development
Urban Infill Acquisitions and Development
GTIS’ extensive relationships with both public and private homebuilders across the nation and covers most major homebuilding markets through its investment in approximately 50 projects totaling over 8,000 homes.
The homebuilding projects are frequently acquired as discounted land and homebuilding sites from partners and sellers with liquidity constraints. Business plans require the completion of infrastructure buildout and sale of lots to homebuilders in bulk or individually to the final home buyers. With a strong focus on market selection, GTIS chooses locations with good access to employment, retail, and highly rated schools for the first-time buyers or highly amenitized, lifestyle oriented active adult communities for baby boomers as part of its “barbell” strategy.
To date, GTIS has invested in seven development projects with approximately 3,000 condominium and multi-family units located in New York, Miami, San Francisco, Denver and Boulder – all markets with a highly-educated employee base.
The Urban Infill strategy focuses on the leading United States gateway markets that exhibit strong demand and price recovery combined with persistent supply shortages that result from a lack of available land and a highly onerous approvals process. GTIS’ urban projects cater to the luxury residential market supported by high-paying jobs in the financial, technology and entertainment sectors.
GTIS has acquired 16 land parcels with land for over 34,000 lots primarily in the Southeast, and the Southwest United States, where population and employment growth has been concentrated.
As homebuilders adopted a “land-light” strategy post-crisis, GTIS has played a leading role in the wholesale acquisition of land lots and subsequent retail sale to builders in markets characterized by strong population and job growth. In order to sell developed lots to local and national homebuilders, the firm pursues the acquisition of smaller subdivisions and larger master plans and, subsequently, completes planning, land and infrastructure development prior to sale.
A dedicated single-family rental investment and management company known as Streetlane Homes has acquired over 4,300 homes since inception and currently manages over 2,500 homes in eight markets in the United States.
Headquartered in Dallas with a approximately 60 employees, Streetlane is a vertically integrated platform with on-the-ground local market experts in Atlanta, Dallas, Houston, Chicago, Las Vegas, South Florida, Phoenix and Nashville, who specialize in research, acquisition, asset management, accounting and reporting. Streetlane utilizes a proprietary technology to assist with all aspects of the investment management process including market selection, acquisition, underwriting, renovation and property management. Streetlane and its predecessor companies helped pioneer the single-family rental business in 2009 and today is among the top 10 managers in the asset class in the United States.