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Stag Capital and GI Partners form USD200m real estate joint venture

Stag Capital Partners, a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the US, and GI Partners, a trans-Atlantic private equity firm, have formed a joint venture to invest up to USD200m to acquire individual single-tenant net leased industrial properties throughout the US.

This new platform investment continues the execution of Stag Capital’s investment strategy to acquire and manage assets predominately located in secondary markets with purchase prices ranging from USD5m to USD20m.

Stag Capital, headquartered in Boston, Massachusetts, actively acquires single-tenant, net leased properties via third party transactions and corporate sale-leasebacks to add to their existing portfolios of real estate assets. Tenants in these properties have included private equity-sponsored companies and both investment and sub-investment grade corporations. Property types include warehouse, flex, and manufacturing buildings. Stag Capital has deployed over USD1.2bn of capital representing the acquisition of over 200 properties since 2003.

GI Partners, headquartered in Menlo Park, California, makes investments in asset-intensive middle-market businesses and properties located in North America and Western Europe. Key sectors of focus include commercial real estate, specialty healthcare, leisure, financial services and IT infrastructure.

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