NEW
YORK, March 8, 2023 /PRNewswire/ -- GreenPoint
Partners ("GreenPoint" or the "firm"), an alternatives firm
investing at the intersection of real assets, technology and
sustainability, today announced a strategic investment in
Semi-Stow, an Austin, Texas based
semi-truck parking and trailer storage operator, and the launch of
GreenPoint's dedicated $500 million
truck and trailer industrial outdoor storage platform. Financial
terms of the transaction were not disclosed.
GreenPoint's investment – the third by its innovative real
estate private equity platform – will provide both growth capital
for Semi-Stow's leading operating platform as the company continues
to scale and bring its high-quality, customer-centric approach to
more locations nationwide, as well as funding to acquire a
portfolio of attractive semi-truck parking and trailer storage
locations across the United
States. With this platform, GreenPoint is targeting a $500+
million portfolio of high-quality assets, which would be operated
by Semi-Stow and benefit from the company's unique tech-enabled
approach along with its commitment to security, quality and
operational excellence.
The platform has already closed on its first two acquisitions,
which provide collective storage capacity for over 1,000
semi-trucks and trailers in the Houston and Dallas
Fort Worth markets respectively. Both assets are currently
receiving significant capital expenditure upgrades to meet
Semi-Stow's brand standard and have monthly spaces available for
lease.
Led by managing partners Trent
Cameron and Dennis Nabors,
Semi-Stow currently manages 30 sites comprising more than 5,500
truck and trailer spaces across the
United States.
"Truck parking and trailer storage is a key component of the
logistics and e-commerce value chain and a sector where innovation
has historically been limited," Chris
Green, Founder and CEO of GreenPoint. "We see a tremendous
opportunity to partner with Trent, Dennis and the entire Semi-Stow
team to build a national portfolio of assets where new technologies
can have an instant and significant impact in improving operations
and the customer experience."
"GreenPoint shares our commitment to our customers and our
long-term vision to utilize innovative technology and best-in-class
operational practices to institutionalize and better serve the
logistics industry," Trent Cameron,
Managing Partner at Semi-Stow. "We see incredible opportunities to
grow and scale our platform in today's market and look forward to
working with the talented and deeply experienced team at GreenPoint
to execute on a shared vision and grow together."
"By partnering with Semi-Stow and utilizing a tech-enabled,
data-driven approach, we believe we can help address the national
shortage of safe and secure parking locations for commercial trucks
while improving and simplifying the overall experience for drivers
and logistics providers alike," said Alexander Çakir, Partner and
Co-Head of Real Estate at GreenPoint. "We look forward to working
with Trent, Dennis, and the rest of the Semi-Stow team to provide
easy, safe and reliable solutions to the growing industrial outdoor
storage industry."
GCM Grosvenor is serving as GreenPoint's lead investor for this
strategy, including through funds managed on behalf of large US
pension funds through its Emerging Manager programs. This
represents the third GreenPoint-led real estate strategy for GCM
Grosvenor, bringing total commitments on behalf of its investment
products to over US$250 million.
Funds managed by GCM Grosvenor are also invested in European EV van
parking / charging and UK inner-city carpark strategies.
Peter Braffman, Managing Director
and Head of Real Estate at GCM Grosvenor said, "We are excited to
further expand our relationship with GreenPoint as a leading
proponent of technology, innovation and sustainability in real
estate. We believe we can generate alpha for our investors via
GreenPoint's OpCo / PropCo / TechCo strategy and are delighted to
partner with high caliber operating partners such as
Semi-Stow."
About GreenPoint
GreenPoint is an alternatives investment firm that invests at
the intersection of real assets, technology and sustainability.
Founded in 2019 by Chris Green and
headquartered in New York, the
firm is deploying complementary strategies across technology
investing and private equity to integrate the disparate worlds of
real assets and technology. Green has 20 years of real assets
experience, including 16 years at Macquarie Capital where he was
the global head of real estate. The firm's activities are supported
by a team of investors and operating partners who bring decades of
experience in technology, real estate investing and operations at
top firms. GreenPoint's investors include strategic real asset
operators, pension funds, family offices and industry senior
executives who collectively own/manage over $500 billion in global real assets with an
additional $125 billion development
pipeline. By combining tech venture capital investing real estate
private equity, and sustainability solutions, GreenPoint can
deliver unique and transformative insights into a rapidly changing
industry. Visit us at www.greenpointpartners.com
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset
management solutions provider with approximately $74 billion in assets under management across
private equity, infrastructure, real estate, credit, and absolute
return investment strategies. The firm has specialized in
alternatives for more than 50 years and is dedicated to delivering
value for clients by leveraging its cross-asset class and flexible
investment platform. GCM Grosvenor's experienced team of
approximately 530 professionals serves a global client base of
institutional and high net worth investors. The firm is
headquartered in Chicago, with
offices in New York, Toronto, London, Frankfurt, Tokyo, Hong
Kong, and Seoul. For more
information, visit: www.gcmgrosvenor.com.
About Semi-Stow
Semi-Stow is the leading provider of secure, strategically
located, quality parking facilities for commercial vehicles across
the US. With over 30 locations, we provide our customers with a
vast network of parking solutions that allows them to scale across
the country with an institutional operator. Learn more at
www.semi-stow.com.
Contacts
Jon Keehner /
Erik Carlson
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
GreenPoint-JF@joelefrank.com
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SOURCE GreenPoint Partners