Equity - Real Estate Opportunity Funds

Goldman Sachs is one of the largest real estate fund managers globally with approximately $29 billion of capital raised since inception in 1991. This group invests globally across a broad range of markets, acquiring real estate companies, real estate projects, loan portfolios, debt recapitalizations and direct property.  

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The group:

  • Invests globally across multiple product types, including hospitality, retail, office, golf and multifamily,

  • Targets equity investments ranging in size from $50 million+, and

  • Manages a series of regional, niche and core/core-plus funds with targeted investment objectives.

Fund Overview

Real Estate Opportunity Funds

 

 
Whitehall 1-7 (Vintage)
Whitehall 2001
Whitehall 2005
Whitehall 2007
Whitehall 2008
Original Size
$9.3bn
$2.5bn
$3.8bn
$4.8bn
$2.3bn
Year Formed
1991-1999
2001
2005
2007
2008
Geography
Global
Global
Global
Global
Non-U.S.
Status
Liquidated/
Harvesting
Harvesting
Value Creation
/Harvesting
Value Creation
/Harvesting
Value Creation
/Harvesting

 

Real Estate Regional Funds

 

 
GS Emerging Markets Real Estate Fund
Caribbean Real Estate Opportunity Fund
GS Developing Markets Real Estate Fund
Original Size
$375m
$427m
$2.1bn
Year Formed
1995
2005
2007
Geography
Developing Markets
Caribbean and Central America 
Developing Markets
Status
Harvesting
Value Creation
Value Creation

 

Other Real Estate Funds

 

 
GS Core Plus Real Estate Income Fund 2002  
Archon Core Plus Real Estate Fund 2005 
GS Real Estate Partners
US Real Estate
Opportunities
I, L.P.
Original Size
$145m  
$268m 
$566m  
$1,995
Year Formed
2002 
2006 
2007 
2008
Geography
U.S.
U.S. 
U.S.
U.S.
Status
Harvesting
Value Creation
Value Creation
Investing

 

Approach

The actively investing Whitehall fund seeks to pursue acquisitions in markets where we have both extensive real estate experience and existing platforms, with a focus on distressed real estate (assets and/or loans) in which pricing levels are meaningfully below historical replacement cost. In addition, U.S. Real Estate Opportunities seeks to identify diverse real estate investment opportunities across markets in the U.S.

Advantages

Our real estate equity funds have invested through a global network of relationships. We source opportunities through our broad network of relationships with companies, real estate private equity firms, private family investors, entrepreneurs, and financial intermediaries. Other advantages include:

  • Access to strong in-house experience with major product types and niche businesses, and to our relationships with industry experts.

  • Capital markets expertise across Goldman Sachs.

  • Global asset management through the Realty Management Division. Realty Management has more than 400 employees globally with significant sector and market expertise.

 

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