GCM Grosvenor has created a $50 million separate account with Delaware firm Corten Real Estate Partners.
The deal supports Corten’s special situation and distressed investment opportunistic strategy that is focused on multifamily, hospitality and office properties in the Mid-Atlantic region specifically. The strategy complements the firm’s existing commingled funds. In fact, the Corten Real Estate Fund I will have the option to purchase a portion of any investments made and warehoused in the Grosvenor separate account for a finite period of time.
“We are excited to partner with such a reputable . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.