Stablewood and GCM Grosvenor Form Joint Venture to fund Single Tenant Net Lease Retail Developments Across the U.S.

December 15, 2023

https://www.globenewswire.com/news-release/2023/12/01/2789325/0/en/Stablewood-and-GCM-Grosvenor-Form-Joint-Venture-to-fund-Single-Tenant-Net-Lease-Retail-Developments-Across-the-U-S.html

CHICAGO and HOUSTON, Dec. 01, 2023 (GLOBE NEWSWIRE) — Stablewood, a national, multi-strategy real estate operator powered by its proprietary technology, announced a new investment venture with funds managed by GCM Grosvenor, a leading global alternative asset management solutions provider. The venture will provide construction financing to experienced developers of shovel-ready, single-tenant-net-lease (STNL) retail projects secured by long-term leases with creditworthy tenants. In addition to providing up to 100% of the capital required for projects, the Stablewood-GCM Grosvenor venture also offers developers an optional forward purchase.

Read more at globenewswire.com

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