$4.7bn firm to begin developing industrial and multifamily projects in house, says founder Tom Shapiro
GTIS Partners is bullish on opportunity zones (Os), build-to-rent (BTR) housing and special situations credit, according to the firm’s founder, Tom Shapiro. The New York-headquartered real estate specialist is closely monitoring trends across migration, ecommerce, and onshoring amidst rising interest rates. These macro changes are driving opportunities in its core markets: US residential, warehousing and Brazilian real estate. While many are focusing on outmigration from traditional urban centers, Shapiro has noted the enduring allure of city life on young professionals: “We are continuing to see a theme where the best and brightest move out of school and come to the big cities, particularly New York, and I do not think that is going to change,” he tells With Intelligence.
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