New York, NY (December 9, 2024) — GID, a vertically-integrated real estate owner, operator and investor, announced today a series of multifamily acquisitions totaling $447.4 million completed in the third quarter of 2024, on top of $311.4 million multifamily investments in the first half of year. The company has acquired a total $759.0 million in gross asset value of multifamily investments year-to-date and as of June 30, 2024, the firm has over $24.0 billion of multifamily assets under management across 56,000 apartment units throughout the U.S.

“The 2024 transaction market has provided GID opportunities to acquire institutional-quality multifamily assets at prices below replacement cost in desirable locations across the country,” said Thad Palmer, Chief Investment Officer of GID.

Throughout the third quarter of 2024, GID acquired the following residential communities:

Windsor Juanita Bay is a 202-unit garden-style community located in Kirkland, Washington, a suburb east of Seattle. The community features desirable amenities, including an indoor/outdoor pool with a spa, a clubhouse with a lounge area and fireplace, playground and a 24-hour fitness center.

The well-located property benefits from easy access to multiple grocery stores and is a short drive to Downtown Kirkland, which includes several coffee shops, restaurants, and convenience retail stores. Importantly, the residences are located near the world headquarters of both Amazon and Microsoft, as well as large hubs for several large corporations.

Windsor Queen Anne is a 182-unit two-building podium property located in Seattle, Washington. Located in Lower Queen Anne, one of the most desirable neighborhoods in Seattle, the community features an expansive amenity package including two rooftop decks with panoramic views of the Puget Sound, Space Needle and Downtown. Amenities include a spacious indoor rooftop lounge with a chef’s kitchen and TV, outdoor seating area, rooftop dog park, 24-hour fitness center, clubhouse with meeting tables and an entertainment center.

Windsor Queen Anne is footsteps from the 74-acre Seattle Center campus that attracts over 12M visitors each year and is home to Climate Pledge Arena, which reopened in 2022 after a $1.1B renovation to be the home of the NHL’s Seattle Kraken. The multi-purpose entertainment venue is also built for live music and a future NBA team. Windsor Queen Anne is conveniently located in close proximity to major employers.

Adding to GID’s expansive Texas portfolio (35 properties), the amenity-filled Windsor West Plano is a unique 363-unit community, which includes 141 townhomes and 222 elevator-served conventional units located in Plano, TX (DFW). Its amenity package includes a stand-alone fitness center, a business center with cyber lounge, a clubhouse, resort-style pool with pool deck, lawn courtyard with lounge seating and fire pits, private park with playground, secured bike storage rooms, parcel pending package room, and a mile-long private walking trail that surrounds the property.

Finally, GID purchased Windsor Rancho PQ, a 331-unit community located in Rancho Penasquitos, California. The suburban San Diego property features an expansive community amenity package including a resort-style pool and spa with poolside cabanas, outdoor kitchen and BBQ area, a fitness center with outdoor yoga, resident lounge/clubhouse, co-working spaces, dog park, and kids’ playground.

The Q3 acquisitions continue GID’s prolific first half of the year, which resulted in three acquisitions, totaling $311 million. Assets acquired in the first half of 2024 include Windsor Highwoods Preserve located in the Tampa Palms, Windsor Leesburg in Virginia and BNE Hillsdale located in New Jersey.

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About GID

GID is a privately-held, vertically-integrated real estate company that owns, operates, and/or manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-use projects across the United States. The firm also operates a credit platform that aims to provide commercial real estate debt solutions for institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York and San Francisco, GID is an experienced real estate investor and manager supported by an integrated operating platform and has 60+ years of experience across multiple asset classes. As of September 30, 2024, GID owns and/or manages $30.0billion of assets under management across 57,000 apartment units and 28 million square feet of industrial and commercial space [1].

[1] AUM is as of 9/30/2024 and is calculated in compliance with the definition for Assets Under Management (“AUM”) prescribed in INREV’s Global Definitions Database and includes the market value of real estate as well as non-real estate assets (including any cash in the vehicle or mandate) and committed but uncalled capital for which GID provides oversight and investment management services (for internal client capital and third-party capital) in the funds as well as “Other GID Accounts,” (as defined below) and accounts for which GID provides asset management services without an equity investment. Other GID Accounts include proprietary accounts and co-investment joint ventures with unaffiliated investors where the latter maintain significant approval rights over the management of these investments. Such investment vehicles are not considered “securities portfolios” or “private funds” for purposes of the Advisers Act and are not included in the regulatory assets under management reported in Form ADV Part 1A or Part 2A. of September 30, 2024, the firm’s regulatory assets under management totaled $4.3B

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