Montgomery Street Partners launched its discretionary investment fund business in 2015 with its initial fund, MSP GP Acquisition Fund (“Fund I”). MSP Fund I and Fund II have acquired $1.35 billion of real estate assets, representing $575 million of equity value. Investment areas of focus include:
Land Lease Communities
MSP has selectively acquired high-quality Manufactured Housing and RV communities across the U.S. and Canada, with a focus on acquiring additional age-restricted properties in high-barrier to entry coastal markets.
MSP has entered into a partnership to acquire and develop independent living, assisted living and memory care Seniors Housing properties in affluent high-barrier to entry markets across the Mid-Atlantic and Northeast regions of the U.S. MSP continues to seek Seniors Housing acquisition and development opportunities across major metropolitan markets in the U.S.
Purpose-Built Student Housing
MSP has selectively acquired non-pedestrian, value-add and opportunistic purpose-built student housing properties at various universities with more than 15,000 enrolled students. MSP continues to seek both pedestrian and non-pedestrian purpose-built student housing investment opportunities.
Special Purpose Residential
MSP develops Special Purpose Residential properties serving the needs of adults with intellectual and developmental disabilities (“IDD”) in major metropolitan markets across the U.S. The first of such projects is being developed outside of Dallas, TX. MSP continues to seek viable development sites in markets with attractive demographic fundamentals.
High Barrier to Entry Self-Storage
MSP has selectively acquired high-barrier to entry self-storage properties in the New York City metro area in a partnership with an owner-operator of storage properties. MSP continues to seek opportunities to both acquire and develop best-in-class storage properties in urban in-fill markets.
Affordable Single-Family Residential
MSP has entered into a joint venture with a single-family residential developer to develop moderately priced single-family homes in infill neighborhoods in high-demand areas in Southern California where new supply has been limited in recent years. MSP will consider additional investments in demographically driven sectors and markets where affordability is paramount.
Industrial Assets in Major Metropolitans
MSP has entered into a programmatic joint venture to acquire industrial assets concentrated in major industrial hubs of the U.S., and has acquired a single-tenant light industrial building, located in Dallas, Texas, and continues to pursue additional acquisitions in markets of similar size.