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Standard, GCM Grosvenor Target Industrial Investments with $150M Venture
Standard Real Estate Investments, LP, a minority-owned national real estate investment and development firm with offices in Los Angeles and Washington, DC, has formed an investment venture with funds managed by GCM Grosvenor that will target equity investments in approximately $150 million of industrial property developments in markets across the U.S. over the next 12-18 months.
“We’re excited about the dynamics of the industrial development market, which we believe will enable us to source and close great investment opportunities through our venture with GCM Grosvenor,” said Robert Jue, CEO of Standard. “The user demand side remains strong – we see continued growth of both e-commerce and onshoring of overseas facilities – but the capital markets remain challenging for sponsors, and we believe our program can help fill a financing gap.”
The Standard/GCM Grosvenor venture is targeting three to four transactions, with a preference for shovel-ready warehouse/logistics properties of approximately 200,000 to 500,000 square feet in major logistics markets nationwide.
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