LCOR is a fully integrated real estate development and management platform, with a 40 year history of successfully developing and operating urban and transit-oriented multifamily residential assets. GI formed a joint venture with CalSTRS to acquire the LCOR business and assets, thereby forming a venture with LCOR management to own and operate ~5,000 units and a development pipeline with a potential build out potential of ~16 million square feet of multifamily and commercial assets.
Investment Details
- Investment Date: May 2012
- Status: Current
- GI Role: Sole Investor
Real Estate Initiatives
- Operational orientation calibrated to investment objectives
- Effective management of capital structure
- Active platform management
- Non-strategic asset sales and the execution of new developments
Headquarters
Berwyn, PA
