Executive Summary
GS Capital is raising a $50M opportunistic development fund aimed at addressing San Diego's housing crisis by taking advantage of new zoning regulation.
Key Points
130,000 Unit Housing Shortage
San Diego 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 San Diego 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
GG Homes and SDRE have completed more than 1,000 acquisition and high-density housing development projects in San Diego 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.
