Golden Tree and GTIS Launch Real Estate Debt Joint Venture

7/5/17

GoldenTree Asset Management and GTIS Partners are announcing the formation of GTIS Debt Capital Management, a new joint venture focused on real estate debt. The platform will focus on real estate financing, providing customized solutions for both development and bridge debt, with loans generally ranging from $20 million to $200 million. Property types will include multifamily, condominiums, office, retail, industrial, self-storage, hotel, mixed-use, single-family home or land development, and manufactured housing.

"We are pleased to extend our existing partnership and launch this real estate debt platform with GoldenTree. GoldenTree has been a tremendous partner over the years as we built our business," said Tom Shapiro, President and Chief Investment Officer of GTIS. "GoldenTree's expertise in the debt markets is unparalleled and the firm is well known for its ability to structure creative solutions for complex deals. We are extremely excited about the unique advantages this partnership brings to the real estate debt opportunity set."

"Tom Shapiro and his partners are talented and insightful. We have made several successful real estate debt investments with them over the years and believe this new platform will allow us to further capitalize on opportunities in this sector," said Steven Tananbaum, Founding Partner and Chief Investment Officer of GoldenTree.

GTIS Debt Capital Management will be led by David Blum, who recently joined GTIS as Managing Director and Portfolio Manager of Real Estate Credit.

Mr. Blum has over 18 years of experience in the real estate industry. He joined GTIS from The Lone Star Funds, where he was the co-head of its credit affiliate, LStar Capital. Prior to Lone Star, he spent 11 years at Capmark Finance, where he oversaw a large and diverse portfolio of real estate transactions across all major asset classes and markets.

About GoldenTree Asset Management

GoldenTree Asset Management is an employee owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, distressed debt, structured products, credit-themed equities and emerging markets. GoldenTree was founded in 2000 and is one of the largest independent asset managers focused on credit. GoldenTree manages over $25 billion for institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. For more information, please visit www.goldentree.com.

About GTIS Partners

GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles, San Francisco, Atlanta, São Paulo, Brazil, Paris, France and Munich, Germany. GTIS Partners was founded in 2005 and is managed by President Tom Shapiro and Senior Managing Directors Josh Pristaw, Rob Vahradian, Tom Feldstein and Joao Teixeira. GTIS Partners has 86 employees and currently has approximately $3.6 billion of assets under management. The firm pursues opportunistic real estate investments through direct equity investment and non-traditional lending activities. To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil, and is among the largest real estate private equity companies in Brazil. For more information, please visit www.gtispartners.com.

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