Guberer to lead capital markets activities in North America from Washington, D.C. office
Grosvenor Americas (‘Grosvenor’), a privately owned international investor and developer, announces Steve Guberer has joined the company as Senior Vice President, Capital Markets.Based in the firm’s Washington, D.C. office, Steve will lead Grosvenor’s capital markets activities in the U.S. and Canada.
Steve’s corporate finance and capital markets experience spans 20+ years. He has executed more than 40 M&A advisory and capital raising transactions representing $20bn of total capital for clients within the real estate, gaming, lodging, and leisure sectors. He joins Grosvenor from CBRE where he was responsible for originating, executing, and marketing over $1bn of equity annually in real estate private placements across various core and niche sectors.
With significant growth planned over the next decade, Grosvenor will broaden relationships among like-minded institutional investors with the goal of capitalizing the USD $2.7bn pipeline and delivering on our World Green Building Council’s Net Zero Carbon Buildings Commitment to achieve net zero operations portfolio-wide by 2030. In addition to managing existing and new capital relationships through the investment cycle, Steve will lead capital raising activity for the net zero build-to-core programmatic residential development and value-add investment strategies in the firm’s high growth markets of Seattle, Vancouver, the San Francisco Bay Area and the Greater Washington, D.C. Area. He will also liaise with North American institutional investors looking to partner with Grosvenor globally.
Steve O’Connell, Chief Executive at Grosvenor Americas said: “Steve joins Grosvenor at a strategic time as we advance our growth plans in preparation for the coming recovery. His track record, industry relationships, and in-depth knowledge of all areas of real estate development, investment, and capital markets will be invaluable as we prepare for higher levels of activity in the U.S. and Canada. I am confident Steve will help facilitate our goals to grow our portfolio as we work toward net zero by 2030.”
Steve Guberer, added “Grosvenor’s strong reputation and its focus on delivering both commercial and social benefit greatly appeal to me. The role, which emphasizes building relationships for the long term and contributing needed housing supply, strongly aligns with my experience and skillset. The Company has grown steadily with investment partners who have benefitted from Grosvenor’s farsighted approach and deep-rooted local market knowledge — and I look forward to building upon this stable foundation and contribute to fulfilling our future growth ambitions.”
Grosvenor has operated a diversified real estate development and investment business in North America since 1952; its average relationship is 20 years across nine investment partners. The Company actively manages its $2.8bn investment portfolio and is executing on a development pipeline that will deliver 4,200 homes.
About Grosvenor Americas:
Grosvenor Americas has been an active developer and investor in several high-quality cities across the U.S. and Canada for 69 years. Our strategy is to invest in vibrant urban areas where our activities can make a positive contribution to neighborhoods and communities, which we deliver through our Living Cities approach. Since 2004, we have helped supply 12,300 quality homes and have transacted $4.6bn in investment property in the high-growth markets where we operate.
As one of the first North American signatories to the World Green Building Council’s Net Zero Carbon Buildings Commitment, our business is guided by ESG principles and underpinned by a promise to achieve net zero operations by 2030.
We are active in the high-growth transit-oriented and/or amenity-rich neighborhoods of Seattle, Vancouver, the San Francisco Bay Area and Washington, D.C.. Our Development Program focuses on residential mixed-use projects; most developments in our USD $2.7bn pipeline will deliver to LEED Gold standards. We also add value to residential, commercial and retail assets, actively managing a portfolio of 59 stable properties in our Investment Program. Additionally, we run a Structured Development Finance business that provides funds to leading residential developers who provide much-needed housing.
As of December 31, 2020, Grosvenor Americas had assets under management of USD $3.6bn.
We are part of Grosvenor Group, one of the world’s largest privately-owned international property companies and active in Britain & Ireland, Europe, Asia Pacific and North America. With $15.2bn of assets under management and a track record of 344 years, Grosvenor develops, manages and invests with a purpose of improving property and places to deliver lasting commercial and social benefit.