| Company type | Private |
|---|---|
| Industry | Real Estate |
| Founder | Tom Shapiro |
| Headquarters | New York , United States |
Area served | United States Brazil |
Key people | Tom Shapiro Rob Vahradian Tom Feldstein Joao Teixeira Ed McDowell Robert McCall Peter Ciganik Maristella Val Diniz [1] |
| Services | Real Estate Investment, Development, Asset Management, Private Equity |
| AUM | $4.7 billion [2] |
| Website | www |
GTIS Partners is a real estate investment firm that was founded by Tom Shapiro in 2005. The company specializes in the acquisition, development, and management of real estate assets.
As of 2025, the company operates in the US and Brazil.
GTIS was founded in 2005 by Tom Shapiro, who previously worked at Tishman Speyer. [3]
As of September 2025, GTIS has $4.7 billion of gross assets under management and has made 236 investments totaling $16 billion dollars across 50 major markets in the United States. [4] [5]
GTIS is headquartered in New York City and has offices in San Francisco and Los Angeles, California, Atlanta, Georgia, Charlotte, North Carolina, Phoenix, Arizona, Dallas and Houston, Texas, Sao Paulo, Brazil, and Munich, Germany. [6]
Following the financial crisis in 2008, GTIS returned with an investment focus on residential real estate and opportunistically began to acquire condominiums, land and homebuilding assets, and single-family rental homes across the US. [7] [8] GTIS acquired thousands of single-family homes and rented them out in markets across the United States, and ultimately exited those investments in 2021. The firm shifted its focus toward developing newly constructed “built-to-rent” homes built specifically for rental use, citing the growing demand for high-quality rental housing. [7] [8] GTIS has also been active in buying land and buildings for warehouse use and holds properties near the Phoenix Goodyear Airport, Dallas Fort Worth Airport, Houston, Nashville, and Charlotte. [9] In 2022, the firm raised $630 million for the investment and development in underserved communities through Qualified Opportunity Zone (QOZ) funds and tax incentives. [10]
GTIS collaborated with Related Group to purchase a 4-acre site in Brickell, Miami, Florida. [11] The two firms broke ground on the 420 unit Viceroy Residences and 355 unit Baccarat Residences projects in 2023 and 2024 respectively. [11] [12] [13] The projects together represent over $1.6 billion in total sellout. Related and GTIS Partners secured a $328 million loan from Bank OZK to fund the Baccarat Residences project and a $164 million loan from Truist Bank to fund the Viceroy Residences project. [12] [13]
As of May 2024, GTIS expanded on a joint venture portfolio with Hovnanian Enterprises Inc. for 12,600 homes valued at $6 billion across the United States. [4] [14] To date, the partners have invested in approximately 70 home building communities. The joint venture began in 2010. [15]
In April 2023, GTIS Partners launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of GTIS. Tavalo had already completed its first build-to-rent community in December 2020 in the Phoenix suburb of Mesa, Arizona called Tavalo Cadence. [16]
From September 2022 to July 2023, GTIS built the Tavalo Tradition, a build-to-rent townhome community in Port St. Lucie, Florida. In May 2024, GTIS Partners launched the Tavalo Queen Creek Commons project in metro Phoenix. [4] Its build-to-rent portfolio in the Phoenix metro area exceeds 1,100 units and is part of 19 investment portfolio in metro Phoenix by the firm, including build-to-rent communities, for-sale homebuilding communities and industrial investments. [4]
In December 2017, GTIS began a partnership with the California State Teachers Retirement System (CalSTRS) to invest in homebuilding and residential land subdivisions and masterplan communities across the United States. The partnership has an opportunistic investment strategy. The investment increased by another $200m in 2020, and most recently was reported to have $750 million in commitments. [17]
GTIS developed the tower which began operations in 2012. [18] In May 2022, the company sold its 62% stake in the Sao Paulo office building Infinity Tower, marking the largest single asset property sale in Brazil. With a strategic location in the Faria Lima region in São Paulo, 233,500 square feet of the 376,700 square foot property was sold by GTIS Partners for $172 million. [19]
In 2013, GTIS purchased the site that subsequently became the location of Palacio Tangara, a hotel located in Burle Marx Park in Sao Paulo overlooking a 26-acre stretch of rainforest. The company developed the property and the hotel was opened to the public in 2017 to become a 5 star luxury destination and part of the Oetker Collection. [20] [21]
In 2015, GTIS Partners acquired Brazil Hospitality Group (BHG), Brazil's largest hotel operator. [22] At the time of the acquisition, BHG owned and operated 52 hotels with 10,000 rooms in oceanfront areas of Sao Paulo and Rio de Janeiro. [22]
In 2021, GTIS Partners launched its first Brazil-listed real estate investment trust (REIT), the GTIS Brazil Logistics Real Estate Investment Fund, with the acquisition of $248 million in logistics assets in São Paulo's metropolitan area. [23] The acquisition, structured through the creation of a Brazilian REIT called Fundos de Investimento Imobiliário (FII), included equity investment of $130 million and $118 million in real estate receivables certificates. [23]
In 2022, GTIS Partners developed and delivered the Distribution Center Cajamar (DCC), a logistics facility with 1.5 million square feet of leasable area, located in Cajamar, São Paulo. The center comprises modular warehouses available for rent and includes a rooftop solar farm with a 2.5-megawatt capacity. [24] [25]