BLT GREEN HOLLOW LLC
Green Hollow Capital Partners LLC (GHCP) was founded in 2019 by James Glasgow and a core team of former Five Mile Capital and Building and Land Technology senior professionals, who in whole or in part have worked together for over 17 years. The senior partners have over 30 years experience in real estate and fixed income.
In June 2021, Green Hollow Capital Partners and Building and Land Technology formed BLT Green Hollow LLC (BLTGH), a new joint venture which will manage the ninth fund in a series invested and managed by BLT with more than $1.6 billion invested to date. The new fund will have an anchor investment of $102.5 million. The JV will be led by BLT Chairman Carl Kuehner and Jim Glasgow, CEO of Green Hollow Capital.
In June 2021, Green Hollow Capital Partners and Building and Land Technology formed BLT Green Hollow LLC (BLTGH), a new joint venture which will manage the ninth fund in a series invested and managed by BLT with more than $1.6 billion invested to date. The new fund will have an anchor investment of $102.5 million. The JV will be led by BLT Chairman Carl Kuehner and Jim Glasgow, CEO of Green Hollow Capital.
STRATEGY
BLT Green Hollow has begun investing this capital under its commercial real estate investment strategy, primarily focused on high-yield, opportunistic, special situation transactions targeting distressed debt and equity opportunities including rescue capital, mezzanine debt, preferred equity or common equity for all property types.
The JV’s extensive experience in all sectors of commercial real estate will allow BLT Green Hollow to identify high quality investment opportunities across the CRE spectrum to generate the best risk adjusted return, including mispriced or mismanaged assets, and special situations in both equity and debt. BLTGH will utilize a vertically integrated structure including in-house development, leasing, construction, and management teams, as well as extensive experience as a rated special servicer and asset manager.
The JV’s extensive experience in all sectors of commercial real estate will allow BLT Green Hollow to identify high quality investment opportunities across the CRE spectrum to generate the best risk adjusted return, including mispriced or mismanaged assets, and special situations in both equity and debt. BLTGH will utilize a vertically integrated structure including in-house development, leasing, construction, and management teams, as well as extensive experience as a rated special servicer and asset manager.
EXPERIENCE
Since 2007, the GHCP team has invested approximately $3.4 billion of capital, representing over $6.5 billion in asset value in over 50 commercial real estate investments, including investment-grade CMBS, B-piece, first mortgage debt, mezzanine financing, and preferred and JV equity. The team has executed restructures, workouts, bankruptcies, and foreclosures as an asset manager and rated special servicer.
The combined track record of BLT and Green Hollow Capital Partners includes successfully investing nearly $6 billion of equity capital in more than $15 billion of debt and equity transactions throughout the U.S. and the Caribbean.
The combined track record of BLT and Green Hollow Capital Partners includes successfully investing nearly $6 billion of equity capital in more than $15 billion of debt and equity transactions throughout the U.S. and the Caribbean.
ABOUT BUILDING AND LAND TECHNOLOGY
Building and Land Technology (BLT), founded in 1982, is a privately held real estate developer, manager, and private equity firm. BLT is vertically integrated and has invested in, developed, owned, and managed more than 25 million square feet of commercial, hotel, and residential properties across 26 states. BLT is also the largest franchisee of Sotheby’s residential real estate brokerage, with 28 offices and 1,000 real estate agents. To learn more about BLT, visit www.BLTLiveWorkPlay.com.