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

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