For about three years, Matthew Gorelik has overseen the real estate private equity firm Township Capital, LLC. As founder and CEO of the company, Matthew Gorelik manages the firm’s structuring of programmatic GP Equity co-investment partnerships across the nation. Matthew Gorelik recently led Township Capital in structuring a GP Equity recapitalization of student housing communities.
Township Capital entered a joint venture with the largest student housing developer in the nation and a global real estate private equity firm. The undertaking involves six student housing rental communities at major universities in the United Sates. The development phase of each project differs with some currently in the construction phase and others having been completed and already yielding a noticeable return on investment.
Capital Township was able to eliminate entitlement and pre-development risk thanks to the timing of the estimated $360,000,000 project. This also provides investors with stable risk-adjusted metrics since the proforma analysis for development budgets were in order.
The founder of California-based TownshipCapital, Matthew J. Gorelik leads the company in forming programmatic GP equity investments for seasoned operators, developers, and owners across the country. Previous ventures of Matthew Gorelik’s company include closing on a $360 million portfolio of six student housing developments at major universities located nationwide.
TownshipCapital closed the joint venture with one of the country’s largest student housing developers. The joint venture involved structuring a GP equity recapitalization of six purpose-built, for-rent student housing communities. Located in Florida, Georgia, Texas, Virginia, Delaware, and North Carolina, the projects represent various stages of development that range from early construction phases to fully completed. The Florida project involves 106 units with 416 total beds, while the Georgia project encompasses 257 units and 765 beds. The North Carolina project accommodates 560 beds across 200 units, and the Texas community comprises 796 beds in 192 units. Rounding out the portfolio is the 169-unit, 597-bed community in Delaware and the 75-unit, 700-bed project in Virginia.
The timing of TownshipCapital’s investment served eliminate pre-development risks and ensure the stabilization of development budgets.
Real estate investment professional Matthew Josef Gorelik invests in specific market cycle opportunities that enable his team at TownshipCapital to balance potential capital appreciation with investor yield. As the founder of TownshipCapital, Matthew Gorelik leads the company in investing in a wide range of commercial and residential projects nationwide. Past projects include the closing of a $77 million hospitality portfolio.
The portfolio consists of four hospitality properties across the states of Colorado, Washington, California, and Tennessee. Projects are under current development and are focused on lower investment outlays and reduced operating costs. Additionally, the project delivers risk-adjusted returns with investment managers offering security through eliminated entitlement and pre-development risks. These circumstances also create opportunistic holding periods.
The portfolio’s closing represents a joint venture partnership between TownshipCapital and a vertically integrated hospitality developer with a development record that includes more than 87,000 hotel properties. The project also exemplifies TownshipCapital’s commitment to a broader programmatic JV platform for the development of 15 limited-service hotels.