Investment Funds

Glenmont Real Estate Partners III, LP

Glenmont Real Estate Partners III, LP, a $120 million closed ended fund, targeted opportunistic real estate transactions across the domestic middle market. Glenmont III acquired a portfolio of bank owned assets, defaulted loans, undervalued and distressed properties and development projects. Glenmont III’s portfolio included exposure to the multifamily, hotel, retail, distressed residential and condominium asset classes. The fund was fully deployed in 15 transactions having a total capitalization of $469 million, substantially all of which have been realized.

Glenmont Real Estate Partners II, LP and Glenmont Real Estate Partners I, LP

Funds II and I held their final closes in 2005 and 2001 respectively. Together they consummated 26 investments with a total capitalization of approximately $1.36 billion. Their portfolios contained a diversified asset mix including multifamily, senior housing, student housing, hotels, self-storage, retail, and land.

Direct Investment Vehicles

Glenmont has formed direct investment vehicles to acquire, develop and reposition market-rate, multifamily residential, student housing and hospitality assets having a capitalization of $370 million through October 2019. These include:

  • The development of a 114 unit Class A apartment complex with street level retail space and underground parking in Astoria, Queens, New York City
  • The development of two multifamily Class A apartment communities in Citrus Park, Tampa, Florida and Greenville, South Carolina, totaling 662 units and amenities including swimming pools and cabanas, fitness centers, and cafes
  • The repositioning of two student housing communities within walking distance at the University of Notre Dame in South Bend, Indiana, comprising in the aggregate 549 beds, with clubhouses, swimming pools, fitness centers and other amenities
  • The repositioning and rebranding of a 241-key Holiday Inn Express and Suites in CBD Detroit, Michigan into an upscale boutique Hotel Indigo