GH Capital was formed in 2001 as a real estate private equity firm focused on affordable housing investments. Since then it has expanded to other asset classes within real estate, such as market-rate housing, self storage, and development.
Managed by Michael Clark, GH Capital focuses on investing with best-in-class real estate operators and developers, with a primary focus on the affordable housing space. GH Capital is different than many “funds” as its principals own both large and small real estate operating companies themselves. This gives them an enhanced understanding of the unique challenges and risks that operators and developers encounter. Therefore GH Capital is positioned to quickly evaluate and make investments, not only as a limited partner, but also as a general partner, providing co-investment, working capital, and making investments directly into the operating company.
GH Capital has invested in and acquired more than 20,000 affordable housing units nationwide, with a value exceeding $1.5BB. Its investments have ranged from joint ventures in project-based Section 8 fee simple units to acquiring GP and LP interests in LIHTC properties and direct investments in operating and management companies, providing developers and non-profits ways to monetize illiquid positions, and/or provide growth capital for the future.
MARKET RATE HOUSING
In 2012, GH Capital acquired a stake in a market-rate property management firm with more than 40,000 units under management. And since then, GH Capital has invested more than $100 million of equity in acquiring market-rate multifamily units.
In 2014 GH Capital began investing in self-storage acquisitions and development through one of the largest privately owned operators in the U.S. It is attracted to this asset class based on its fragmented market, mom-and-pop climate, and steady non-volatile cash flows.