Executive Summary
GS Capital is raising a $50M opportunistic development fund aimed at addressing [Redacted]'s housing crisis by taking advantage of new zoning regulation.
Key Points
130,000 Unit Housing Shortage
[Redacted] has a large and growing imbalance in housing supply and demand, with consistently increasing rental rates. Over 130,000 units are needed in the next 10 years to fill this gap.
Regulatory Change & Mispriced Market
The [Redacted] Planning Commission just expanded their Multi-Family use to include residential lots. This change has not been priced into the market.
1,000+ Project Track Record
[Partner] and [Partner] have completed more than 1,000 acquisition and high-density housing development projects in [Redacted] over the past 8 years.
In-House Team & Streamlined Process
The GS Capital Fund I team includes partners from firms specializing in all phases of development. All project functions will be in-house with an experienced team.
