We began our institutional real estate fund business in 1993 and since that time have overseen capital raising, co-investment, launch, and management of nine different funds and co-investment joint-venture programs. Investments occur in multiple regions throughout the United States and across a variety of asset classes including mixed-use, multifamily, retail, office, and industrial. We act as a core real estate investment advisor to, and co-investor with, major institutional investors including some of the nation’s largest pension funds such as California Public Employees’ Retirement System (CalPERS) and Oregon Public Employees Retirement Fund (OPERF). We have also implemented a build-to-core co-investment development program with one of the world’s largest sovereign wealth funds in order to pursue the development of sophisticated high-rise residential and large-scale mixed-use properties in major metropolitan markets throughout the United States.
We believe that the co-investment joint venture structure offers the investor a superior alternative to the traditional fee-for-service adviser paradigm. Co-investment provides a true alignment of financial interest and the critical advantage of access to GID’s unique fully-integrated set of business platforms. GID’s business platforms cover all aspects of property ownership and operation, including acquisitions, dispositions, development, finance, asset and property management, leasing, construction management, accounting, legal, tax, MIS, and insurance risk management. With a significant equity interest in each joint venture, we maintain a significant equity position and therefore have a strong vested interest in the returns generated by each real estate fund and co-investment joint venture program. As a consequence, acquisition, development, operating, and disposition decisions are judged solely on maximizing returns.