Our CEO and Managing Partner, Gideon Pfeffer, led our team in executing a three-tiered capital structure to fund West Michigan’s most expensive multi-family transaction of 2023, the acquisition of The Grove Luxury Apartments for $94.8 million. This financing structure was unique for our firm and allowed us to maximize returns and minimize costs for our investors.
The Grove Luxury Apartments were the first brand-new multi-family community to join our portfolio and required no renovations. Our team was able to devise a “creative financing structure” that included a 99-year ground lease, mortgage, and equity combination to fund the acquisition.
This award is a testament to our commitment to providing safe and affordable housing solutions to people in our communities, and to our innovative approach to financing that empowers us to achieve our goals.
Thank you to the M&A Awards 2024 for this incredible recognition, and to our incredible team for their hard work, dedication, and creativity.
Read More: https://www.crainsgrandrapids.com/awards/the-gsh-group-ma-awards-2024/
