News: Brokerage
Posted: September 29, 2008

GFI and Carlyle Group joint venture to acquire $1.2 billion in properties

According to GFI Capital Resources Group, a partnership was formed between GFI and The Carlyle Group. This partnership will provide GFI with $1.2 billion in buying power, ($300 million worth of equity) to invest in real estate assets throughout the country. This will allow GFI to more than double the size of their existing 20,000-unit real estate portfolio.    "GFI has vast experience as the owner/manager of more than 100 properties in 5 different states and is ready for significant expansion over the next few years.  We have already purchased  a few properties as part of this venture and we've only just begun," said Michael Weiser, executive VP of acquisitions & dispositions at GFI.
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