Greenwood Star Holdings Multifamily REIT Debuts on iCapital Marketplace
Greenwood Star Income & Growth Trust Inc., or GSREIT – a perpetual life private placement real estate investment trust sponsored by real estate company Greenwood Star Holdings and structured specifically for registered investment advisers – is now available on global fintech platform iCapital Marketplace.
The REIT, which focuses on higher quality and income-producing multifamily assets in the Southern United States, acquired two Atlanta-suburb multifamily communities earlier this year – Parkside Apartments, a 281-unit property purchased for $31.5 million; and Creekside Apartments, a 96-unit property purchased for $15.5 million.
“We are pleased to make GSREIT available on iCapital Marketplace, ” said Lisa Li, chairman and chief executive officer of Greenwood Star.
By joining iCapital Marketplace, Greenwood Star aims to make its multifamily income and growth strategy more easily accessible to RIAs and wealth managers seeking to allocate to private real estate on behalf of accredited investors.
iCapital Marketplace is designed to streamline and digitize access to a wide range of alternative investment funds, from subscription and document management to ongoing reporting and analytics.
GSREIT seeks to provide investors with current income and the potential for long-term capital appreciation through disciplined acquisition, active asset management, and enhanced property operations.
“Our launch on iCapital reflects our commitment to broadening access to our boutique multifamily platform while offering a more efficient, technology-enabled experience for advisers and the investors they serve,” added Li.
Founded in 2013, Greenwood Star is a fully integrated real estate investment manager specializing in the acquisition, management, and disposition of multifamily properties. Greenwood Star and its affiliates have owned and managed 40 multifamily communities comprising over 8,200 units valued at more than $820 million across the Southern United States, and have completed over 30 full-cycle multifamily transactions.
Earlier this month, AltsWire reported that iCapital joined BNY, Nasdaq, and S&P Global in a $50 million strategic investment in Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets.
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