Projects in the United States
Viceroy and Baccarat Residences, Miami
GTIS collaborated with Related Group to purchase a 4-acre site in Brickell, Miami, Florida.[11] The two firms broke ground on the 420 unit Viceroy Residences and 355 unit Baccarat Residences projects in 2023 and 2024 respectively.[11][12][13] The projects together represent over $1.6 billion in total sellout. Related and GTIS Partners secured a $328 million loan from Bank OZK to fund the Baccarat Residences project and a $164 million loan from Truist Bank to fund the Viceroy Residences project.[12][13]
Hovnanian Homebuilding Joint Ventures
As of May 2024, GTIS expanded on a joint venture portfolio with Hovnanian Enterprises Inc. for 12,600 homes valued at $6 billion across the United States.[4][14] To date, the partners have invested in approximately 70 home building communities. The joint venture began in 2010.[15]
Tavalo Build-to-rent projects
In April 2023, GTIS Partners launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of GTIS. Tavalo had already completed its first build-to-rent community in December 2020 in the Phoenix suburb of Mesa, Arizona called Tavalo Cadence.[16]
From September 2022 to July 2023, GTIS built the Tavalo Tradition, a build-to-rent townhome community in Port St. Lucie, Florida. In May 2024, GTIS Partners launched the Tavalo Queen Creek Commons project in metro Phoenix.[4] Its build-to-rent portfolio in the Phoenix metro area exceeds 1,100 units and is part of 19 investment portfolio in metro Phoenix by the firm, including build-to-rent communities, for-sale homebuilding communities and industrial investments.[4]
CalSTRS Residential Housing Joint Venture
In December 2017, GTIS began a partnership with the California State Teachers Retirement System (CalSTRS) to invest in homebuilding and residential land subdivisions and masterplan communities across the United States. The partnership has an opportunistic investment strategy. The investment increased by another $200m in 2020, and most recently was reported to have $750 million in commitments.[17]
Viceroy and Baccarat Residences, Miami
GTIS collaborated with Related Group to purchase a 4-acre site in Brickell, Miami, Florida.[11] The two firms broke ground on the 420 unit Viceroy Residences and 355 unit Baccarat Residences projects in 2023 and 2024 respectively.[11][12][13] The projects together represent over $1.6 billion in total sellout. Related and GTIS Partners secured a $328 million loan from Bank OZK to fund the Baccarat Residences project and a $164 million loan from Truist Bank to fund the Viceroy Residences project.[12][13]
Hovnanian Homebuilding Joint Ventures
As of May 2024, GTIS expanded on a joint venture portfolio with Hovnanian Enterprises Inc. for 12,600 homes valued at $6 billion across the United States.[4][14] To date, the partners have invested in approximately 70 home building communities. The joint venture began in 2010.[15]
Tavalo Build-to-rent projects
In April 2023, GTIS Partners launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of GTIS. Tavalo had already completed its first build-to-rent community in December 2020 in the Phoenix suburb of Mesa, Arizona called Tavalo Cadence.[16]
From September 2022 to July 2023, GTIS built the Tavalo Tradition, a build-to-rent townhome community in Port St. Lucie, Florida. In May 2024, GTIS Partners launched the Tavalo Queen Creek Commons project in metro Phoenix.[4] Its build-to-rent portfolio in the Phoenix metro area exceeds 1,100 units and is part of 19 investment portfolio in metro Phoenix by the firm, including build-to-rent communities, for-sale homebuilding communities and industrial investments.[4]
CalSTRS Residential Housing Joint Venture
In December 2017, GTIS began a partnership with the California State Teachers Retirement System (CalSTRS) to invest in homebuilding and residential land subdivisions and masterplan communities across the United States. The partnership has an opportunistic investment strategy. The investment increased by another $200m in 2020, and most recently was reported to have $750 million in commitments.[17]
Projects in Brazil
Infinity Tower
GTIS developed the tower which began operations in 2012.[18] In May 2022, the company sold its 62% stake in the São Paulo office building Infinity Tower, marking the largest single asset property sale in Brazil. With a strategic location in the Faria Lima region in São Paulo, 233,500 square feet of the 376,700 square foot property was sold by GTIS Partners for $172 million.[19]
Palacio Tangara
In 2013, GTIS purchased the site that subsequently became the location of Palacio Tangara, a hotel located in Burle Marx Park in São Paulo overlooking a 26-acre stretch of rainforest. The company developed the property and the hotel was opened to the public in 2017 to become a 5 star luxury destination and part of the Oetker Collection.[20][21]
Infinity Tower
GTIS developed the tower which began operations in 2012.[18] In May 2022, the company sold its 62% stake in the São Paulo office building Infinity Tower, marking the largest single asset property sale in Brazil. With a strategic location in the Faria Lima region in São Paulo, 233,500 square feet of the 376,700 square foot property was sold by GTIS Partners for $172 million.[19]
Palacio Tangara
In 2013, GTIS purchased the site that subsequently became the location of Palacio Tangara, a hotel located in Burle Marx Park in São Paulo overlooking a 26-acre stretch of rainforest. The company developed the property and the hotel was opened to the public in 2017 to become a 5 star luxury destination and part of the Oetker Collection.[20][21]
BHG
In 2015, GTIS Partners acquired Brazil Hospitality Group (BHG), Brazil's largest hotel operator.[22] At the time of the acquisition, BHG owned and operated 52 hotels with 10,000 rooms in oceanfront areas of São Paulo and Rio de Janeiro.[22]
FII
In 2021, GTIS Partners launched its first Brazil-listed real estate investment trust (REIT), the GTIS Brazil Logistics Real Estate Investment Fund, with the acquisition of $248 million in logistics assets in São Paulo's metropolitan area.[23] The acquisition, structured through the creation of a Brazilian REIT called Fundos de Investimento Imobiliário (FII), included equity investment of $130 million and $118 million in real estate receivables certificates.[23]
DCC
In 2022, GTIS Partners developed and delivered the Distribution Center Cajamar (DCC), a logistics facility with 1.5 million square feet of leasable area, located in Cajamar, São Paulo. The center comprises modular warehouses available for rent and includes a rooftop solar farm with a 2.5-megawatt capacity.[24][25]
Campus JK
In February 2026, GTIS Partners announced that it was developing Campus JK, a commercial development of three office buildings spanning more than 100,000 square meters, located on Avenida Presidente Juscelino Kubitschek in São Paulo.[26] Santander Brazil is projected to move its headquarters to the location and occupy the entire development in the second half of 2028.[27]
