New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Urban Standard Capital Expands Partnership with GCM Grosvenor
Urban Standard Capital, an institutional real estate investment firm headquartered in Lower Manhattan, has expanded its strategic partnership with GCM Grosvenor, a global alternative asset management solutions provider. The partnership is structured as a $135-million joint venture and will enable Urban Standard to originate more than $1 billion in loans.
GCM Grosvenor has been a strategic partner of Urban Standard for more than two years. After committing $50 million in 2023, the firm is now providing additional capital through GCM Grosvenor-managed investment vehicles to support Urban Standard’s expanding lending platform.
“We are excited to expand our relationship with GCM Grosvenor as one of our valued capital partners,” said Seth Weissman, founder and managing partner of Urban Standard. “Middle-market real estate credit and structured equity can provide investors with a compelling opportunity to earn equity-like returns with a credit-level risk profile. It is a privilege to deploy capital in partnership with GCM Grosvenor and its investors.”
- ◦Financing