A Real Estate Investment Company

Green Leaf Partners receives $20 million equity funding commitment

Category: News | Posted January 24, 2011 by Thomas A. Hall | No Comments

Green Leaf Partners, LLC, is pleased to announce today that it has received a commitment for up to $20 million of general partner equity from 29th Street Capital.

“Green Leaf Partners signifies a best-in-class multifamily investor whose focus on green energy efficient retrofits exemplifies the social consciousness that tenants as well as our investors are seeking,” said Stan Beraznick, president of 29th Street Capital.

29th Street has invested over $40 million in distressed real estate over the past two years and sees the opportunity in multifamily as the next platform for significant growth in the coming five years.

“We are excited to have 29th Street Capital as a partner. We believe that their initial investment in Green Leaf Partners, LLC’s investment platform will further augment our ability to raise additional institutional equity to take advantage of the current dislocation in the market and to capitalize quickly on opportunities as they are presented,” said Michael O’Neil, president and co-founder of Green Leaf Partners.

Green Leaf Partners is focusing its acquisition efforts to grow its existing portfolio to 10,000 units on properties located in larger US markets in the west including Arizona, California, Nevada, Oregon, Utah and Washington.

About Green Leaf Partners: Green Leaf Partners (“GLP”) is a vertically integrated real estate investment company based in Northern California that acquires, renovates and manages apartment properties in select markets in the United States. The primary focus has been to create value through a three-pronged approach of intensive management, asset repositioning and utility cost reductions through energy efficient retrofits and proactive energy-rate management on properties located in unregulated states. 29th Street Capital was founded in 2008 and is focused on opportunistic investments in all classes of commercial and residential real estate.