Partnerships
Terracore Capital focuses on identifying and underwriting strategies and operators to capitalize on opportunities in sectors and markets with attractive fundamentals
- In 2016, Terracore Capital (prior TC US) partnered with GCP, a real estate investment and management company headquartered in Alabama
- GCP’s investment strategy consists of acquiring highly functional single and multi-tenant industrial properties in demographically attractive, supply-constrained locations in Southeastern US
- Terracore Capital raised and invested US$143 million to grow and diversify GCP’s industrial portfolio
- By late 2019, the business plan had been successfully executed: the portfolio reached its target exposures in each market, grew to 11.7 million sq. ft., and was stabilized at almost full occupancy
- In 2020, the portfolio was sold to an institutional investor, allowing Terracore Capital investors to realize returns above pro forma
operators with long-term track record
Terracore Capital focuses on operators that meet stringent selection criteria
Sector specialists with reputation for integrity and leadership
Positive and consistent track record through cycles
Enterprise mindset with willingness and capacity to reinvest in platform’s future
Deep organization with strong relationships, history of execution and demonstrated institutional validation
thematic investing in dynamic growth markets
Opportunistic strategy focused on asset classes that exhibit dislocation, can benefit from operational improvements, and are in markets with favorable fundamentals
Target opportunities driven by market trends and sector dislocation
Target markets driven by demographic tailwinds and favorable economic trends
Target fragmented industries ripe for advantages brought by scale and institutionalization
Deployment of strategic capital to catalyze growth
strong platforms built from high-quality assets
Institutional-quality assets in strong and adaptable locations that perform across cycles
Acquisition at or below replacement cost with immediate opportunity for operational improvements
Value creation through durable cash yield and potential asset appreciation