GAIA’s diverse portfolio is primarily located in large metropolitan areas throughout the East Coast and Sun Belt states.

INVESTMENT CRITERIA

Gaia’s hands-on investment strategy focuses on the following criteria:

Asset Class Preference

  • Core-Plus and Value-Add Multifamily properties/portfolios located within large MSAs across the United States
  • Condominium Conversion Opportunities within the greater New York MSA
  • Opportunistic Repositioning of unsold condominium units and distressed investment opportunities requiring additional capital and/or operational expertise

Geographic Location

GAIA is focused on primary and secondary markets in the United States. Markets of interest include locations along the East Coast and Sun Belt region.

Market/Opportunity Characteristics

  • Major metropolitan areas
  • Markets with a sustainable renter population and a stable, diverse employer base
  • Strong long-term market fundamentals
  • Compelling long-term structural supply/demand imbalance
  • Short-term pricing and/or supply dislocations
  • A strong potential for increasing NOI through active, hands-on asset management
  • Flexible product/property that allows for multiple exit strategies
  • Acquisition of product below replacement cost

Deal Size

$20mil minimum. Preferred size $50mil – $1bil.
Projected Leverage

Varies, contingent upon product type and strategy.  All-cash transactions may be feasible.

Please contact us at acquisitions@gaiare.com with any inquires regarding acquisitions or dispositions.

investment
portfolio

Stamford Portfolio

Year Acquired: 2016
Location: Stamford, CT
Five class A residential buildings located in Stamford, CT. The portfolio consists of Postmark, 111 Harbor Point, Vault, The Key at Yale & Towne, and The Lofts at Yale & Towne, and comprises 1,214 apartment units in total.

416 W 52nd Street

Year Acquired: 2015
Location: Manhattan, NY
Ideally located in the Midtown West neighborhood of Manhattan at 416 West 52nd Street, the 156 premium apartments in the gut renovated (2015), elevator serviced, 7-story building all feature premium appliances, custom cabinetry, designer fixtures, wood flooring and oversized windows.  Fully renovated amenities include a furnished 360º view rooftop deck, fitness center, tenant lounge, and expansive interior courtyard.

Condo
Conversions

The Montrose

Year Acquired: 2015
Location: Manhattan NY
A fully-service 22-story building located in the Murray Hill/Midtown East neighborhood of Manhattan. Amenities include an expansive rooftop sundeck with views of the Manhattan skyline and East River, dedicated fitness center, fully equipped tenant lounge, and 24-hour doorman service. The convenient Midtown location is just blocks away from a plethora of NY landmarks.

The Corinthian Collection

Year Acquired: 2014
Location: Manhattan, NY
144 units in a premier residential building in the Murray Hill neighborhood of Manhattan at 330 East 38th Street. Overall, the property consists of 817 units in a 57 story building. Gaia plans to renovate, rebrand, and sell these units as a unique collection of individual residences. Redevelopment will include high-end design and finishes, along with unit combinations to create spacious and modern layouts.
corinthiancollection.com
realized investment

The Corinthian 50th Floor

Year Acquired: 2013
Location: Manhattan, NY
Located in the luxurious Corinthian building at 330 East 38th Street, New York, NY. The 15,932 SF floor underwent gut renovations in early 2014 with high-end redesign and refinishing that included the 50th floor hallways and 15 individual condominiums. The many amenities of the building include an indoor swimming pool and spa, gym and yoga studio, private park with a jogging track around the 4th floor, lobby with 24/7 doorman and concierge services, sun deck, children's play room and more.
realized investment

Gaia Spencer Court

Year Acquired: 2012
Location: Brooklyn, NY
Sold in 2014, a newly-constructed 12 story property, comprised of 23 residential units and 12 private parking spaces. Ideally located for those commuting into Manhattan as well as the surrounding metropolitan area.
realized investment

The Morellino

Year Acquired: 2011
Location: Manhattan,NY
A35 residential-unit and 5 retail-unit condominium building conveniently located close to public transport in Harlem. It was fully renovated to the highest standards from 2006-2008. Amenities include a fitness center, a children's playroom, common outdoor roof space, a virtual doorman service, a live-in superintendent and a reception area/lobby.
themorellino.com
realized investment

Gaia by the Park

Year Acquired: 2010
Location: Manhattan,NY
Sold in 2013a fully occupied 6 story elevator building encompassing 48 residential units and approximately 52,375 rentable square feet. The property benefitted from significant capital improvements and unit renovations.  With an unrivaled location immediately off of Central Park West, the building is within walking distance of many of the city's most famous cultural landmarks, museums, and restaurants.

Value Add
Multifamily‏

Houston Portfolio II

Year Acquired: 2015
Location: Houston, TX
Located in the Spring Branch/Bear Creek and Champions East submarkets of Houston.  The Portfolio comprises 1,376 units spread throughout five multi-family, garden-style properties.

Whispering Winds

Year Acquired: 2013
Location: Pearland, TX
Conveniently located in the City of Pearland, comprises 20, two-story buildings containing 286 units with 5 different floor plans. The apartments were built in 1986.
realized investment

Ranch at City Park

Year Acquired: 2013
Location:
Sold in 2016, Ranch at City Park in Houston is a 270-unit, garden-style apartment community built in 2004. The property encompasses 241,212 rentable square feet and boasts a unit mix of 42% two bedrooms and 58% one bedrooms.
realized investment

Cypress Commons

Year Acquired: 2013
Location:
Sold in 2016, Cypress Commons In Houston is a 252-unit, garden style apartment community built in 1998. The property encompasses 223,344 rentable square feet and boasts a unit mix of 5% three bedrooms, 33% two bedrooms and 62% one bedrooms.

GAIA Winchester

Year Acquired: 2013
Location: East Providence, RI
Located in the much in-demand Riverside neighborhood of East Providence. The community is comprised of478 units across 63 buildings.Winchester Park and Winchester Wood consist of 70 two and three-story garden-style and townhouse-style apartment buildings and a single-story clubhouse building.

Houston Portfolio I

Year Acquired: 2013
Location: Houston, Pearland, and Humble, TX
Strategically located within the Medical Center, Northwest, and Houston North submarkets in Houston, Pearland, and Humble; consists of 2,594 units spread throughout nine Class-A multi-family garden style assets with individual property sizes ranging from 200-400 units.

Gaia Avon Place

Year Acquired: 2012
Location: Avon, CT
A 188-unit condo property spread across three residential buildings located in Avon, one of the most affluent towns in the state.  An office and clubhouse comprises a fourth building. GAIA Avon Place was built in 1973.
realized investment

Steeples Apartments

Year Acquired: 2012
Location: Houston, TX
Located in the Westchase submarket and close to many major highways in Houston, Steeples is a 408-unit, two-story, garden-style apartment community on 11.35 acres. It was built in 1978 and renovated in 2008.
realized investment

Township Apartments

Year Acquired: 2012
Location: Houston, TX
Sold in 2014, Township Apartments in Houston is a 300-unit, garden-style apartment community built in 1974. The property encompasses 299,040 rentable square feet and boasts a unit mix of 27% two bedrooms and 30% three bedrooms.

PJ Portfolio

Year Acquired: 2012
Location: Texas, Arizona, Florida, Georgia, Tennessee
Acquired with its joint venture partner, Starwood Capital Group, the PJ Portfolio is a 32-property multi-family portfolio containing 9,504 units spread over 5 states in the Sun Belt region of the United States.  Arizona represents 19% of the PJ Portfolio, with approximately 1,800 units located in Phoenix.

Mansions of Shadowbriar

Year Acquired: 2012
Location: Houston, TX
Well- located in the fast-growing, business-friendly, affordable yet high quality lifestyle area Westchase, Houston. The 328-unit luxury apartment/condo garden-style property is situated on 12.54 acres of land, spread over 82 different buildings. Originally constructed as a condominium development, but partially converted into a rental property,the acquisition comprises just the multi-family portion of this property, consisting of 259 rental units.

Prospect Pointe

Year Acquired: 2011
Location: Jackson, NJ
An easy commute to New York, Philadelphia, Princeton University, Trenton, and the Six Flags theme parks.It comprises a high-quality apartment complex consisting of 372 units in 31, two story buildings plus a fitness center/ leasing office. This garden style community is comprised of 205 one bedroom units and 167 two bedroom residences.

The Renaissance

Year Acquired: 2011
Location: East Orange, NJ
Centrally located in East Orange, approximately 15 miles from Manhattan. It consists of 50 one-bed and 11 two-bed units. The building measures 48,957 net square feet and also includes 78 gated parking spaces a fitness room, laundry facility, steam room, and storage space.

The Grand

Year Acquired: 2011
Location: East Orange, NJ
Centrally located condo-quality building approximately 15 miles from Manhattan. It consists of 31 one- bed and 27 two-bed units. The building measures 62,563 net square feet and also includes 97 gated parking spaces.Amenities include an in-ground pool with cabana, fitness room, sauna, steam room, and concierge.
realized investment

GAIA Park View

Year Acquired: 2010
Location: East Orange, NJ
Sold in 2013, centrally located approximately 15 miles from Manhattan. The 20 story high-rise building encompasses 337,455 rentable square feet, 265 residential units and ground floor commercial space. The property was, designed by Morris Lapidus, the architect of the famed Fontainebleau Hotel in Miami Beach and was substantially renovated by GAIA

Colchester Gardens

Year Acquired: 2010
Location: Colchester, CT
92 townhouse-style units spread over 7 buildings on an expansive 26.4 acres, strategically located in Colchester. Named by CNN as one of its "100 Best Places to Live," Colchester possesses a median household income well above statewide and national averages andboth property and sub-market occupancy have historically remained around 95% since acquisition. Amenities include a playground, basketball and volleyball courts, and other property-wide upgrades.

Office

200 Plaza Drive

Year Acquired: 2013
Location: Secaucus, NJ
A Class A corporate headquarters office building with excellent amenities and access to Midtown Manhattan. The building benefits from its location within Harmon Meadow, a thriving 4.4 million SF, mixed-use development, with access to numerous restaurants and hotels, more than one million square feet of national and big box retail, the newly developed LA Fitness club and a 14-screen movie theater providing an attractive mixed-use work environment for employees and visitors

2 Journal Square

Year Acquired: 2011
Location: Jersey City, NJ
20 minutes from Midtown Manhattan with direct rail service (via the PATH train) to Newark, Wall Street, and Exchange Place in Jersey City and excellent vehicular access. The single tenant, fully leased, 324,912 square foot nine story office building was built in 1987 and features a 715-space/four-level parking deck, as well as key card access and 24/7 monitoring/security.