Founded in 2009, GAIA has completed over $2.79 billion in real estate transactions – primarily in the multi-family, condominium, and office sectors. GAIA acquires properties that can be enhanced by hands-on management with rigorous execution of a comprehensive business plan. GAIA also invests in real estate technology ventures aimed at revolutionizing the real estate industry.

INVESTMENT CRITERIA

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

Asset Class Preference

  • Multi-Family Properties – Core-Plus and Value-Add in Large MSAs
  • Condominium Conversion – New York MSA
  • Opportunistic Repositioning of Unsold Condominium Units and Distressed Investment Opportunities Requiring Additional Capital and/or Operational Expertise
  • Opportunistic Investments in Emerging Neighborhoods within New York MSA

Geographic Location

  • Primary and Secondary US Markets
  • Specific Markets of Interest – East Coast and Sun Belt Regions

Market/Opportunity Characteristics

  • Major Metropolitan Areas
  • Markets with Sustainable Renter Population and Stable, Diverse Employer Base
  • Strong Market Fundamentals
  • Compelling Supply/Demand Imbalance
  • Stable Cashflow and Potential NOI Growth
  • Flexible Product/Property Allowing Multiple Exit Strategies
  • Acquisition of Property Below Replacement Cost

Deal Size

  • $20 million and Above
  • Preferred Size: $50 – $500 million, Preference to Portfolios and Larger Transactions
  • Smaller Transactions Considered in New York MSA – $5 million and Above

Projected Leverage

  • Contingent Upon Product Type and Strategy
  • All-Cash Transactions Potentially Feasible

 

Please contact acquisitions@gaiare.com with any inquiries regarding acquisitions or dispositions.

Bridge Tower Place

Year Acquired: 2018
Location: New York, NY
Bridge Tower Place is a beautiful luxury residential building located in the vibrant Upper East Side neighborhood of Manhattan.
Website

Station R

Year Acquired: 2017
Location: Atlanta, GA
Station R is a Class A, 285-unit, mid-rise, multi-family property located in East Atlanta’s historic and walkable residential neighborhood of Reynoldstown. The property was built in 2017.
Website

Carillon

Year Acquired: 2017
Location: Nashville, TN
Carillon is a Class A, 306-unit, mid-rise, multi-family property located in Nashville's historic and hip residential neighborhood of Germantown. The property was built in 2016.
Website

Stamford Portfolio

Year Acquired: 2016
Location: Stamford, CT
The portfolio includes five Class A multi-family properties 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. The properties were built between 2010 and 2014.
Website
partially realized investment

Houston Portfolio II

Year Acquired: 2015
Location: Houston, TX
Located in the Spring Branch, Bear Creek, and Champions East submarkets of Houston, TX, the portfolio comprises 1,376 units spread throughout five garden-style multi-family properties. These properties include Copperfield Apartments, Cashel Springs, Coventry Square, Peppermill Place, and Easton Village.
realized investment

Whispering Winds

Year Acquired: 2013
Location: Pearland, TX
Conveniently located in the City of Pearland, TX, Whispering Winds 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: Houston, TX
Sold in 2016, Ranch at City Park in Houston, TX is a 270-unit, garden-style apartment community built in 2004.
realized investment

Cypress Commons

Year Acquired: 2013
Location: Houston, TX
Sold in 2016, Cypress Commons in Houston, TX is a 252-unit, garden-style apartment community built in 1998.

GAIA Winchester

Year Acquired: 2013
Location: East Providence, RI
Located in the high-demand Riverside neighborhood of East Providence, RI, GAIA Winchester is comprised of 478 units across 63 buildings. Winchester Park and Winchester Wood consist of two- and three-story garden-style and townhouse-style apartment buildings and a single-story clubhouse building.
realized investment

Houston Portfolio I

Year Acquired: 2013
Location: Houston, Pearland, and Humble, TX
The portfolio is well located within the Medical Center, Northwest, and Houston North submarkets of Houston, Pearland, and Humble, TX, and consists of 2,594 units spread throughout nine Class-A garden-style multi-family assets. Each individual property ranges in size from 200-400 units. The portfolio includes Lighthouse at Willowbrook, Villas at Coronado, Enclave at Mary's Creek, Club at Copperleaf and Veranda at Centerfield.
realized investment

GAIA Avon Place

Year Acquired: 2012
Location: Avon, CT
GAIA Avon Place is a 188-unit condo property spread across three residential buildings in Avon, CT, one of the most affluent towns in the state. The property also includes an office/clubhouse and was built in 1973.
realized investment

Steeples Apartments

Year Acquired: 2012
Location: Houston, TX
Well located in the Westchase submarket of Houston, TX, 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, TX is a 300-unit, garden-style apartment community built in 1974. The property includes one-, two-, and three-bedroom units.

PJ Portfolio

Year Acquired: 2012
Location: Texas, Arizona, Florida, Georgia, Tennessee
Acquired with 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.
realized investment

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.   Mansions of Shadowbriar is a 328-unit luxury, garden-style property in the desirable Westchase area of Houston, TX. The development 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 includes only the multi-family portion of this property - 259 rental units.
realized investment

Prospect Pointe

Year Acquired: 2011
Location: Jackson, NJ
Prospect Pointe is a high-quality apartment complex consisting of 372 units, a fitness center, and leasing office. The property includes one- and two-bedroom units.
realized investment

The Renaissance

Year Acquired: 2011
Location: East Orange, NJ
The Renaissance is centrally located in East Orange, NJ, approximately 15 miles from Manhattan. The property includes one- and two-bedroom units and gated parking areas. Amenities include a fitness room, laundry facility, steam room, and storage space.
realized investment

The Grand

Year Acquired: 2011
Location: East Orange, NJ
The Grand is a well located, condo-quality building approximately 15 miles from Manhattan. The property includes one- and two-bedroom units and a gated parking area. Amenities include a large pool with cabanas, fitness room, sauna, steam room, and concierge.
realized investment

GAIA Park View

Year Acquired: 2010
Location: East Orange, NJ
Sold in 2013, GAIA Park View is well 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.
realized investment

Colchester Gardens

Year Acquired: 2010
Location: Colchester, CT
Colchester Gardens consists of 92 townhouse-style units spread over 7 buildings on an expansive 26.4 acres. Named by CNN as one of its "100 Best Places to Live," Colchester possesses a median household income well above statewide and national averages and both property and sub-market occupancy have historically remained at approximately 95% since acquisition.