GID Acquires Two Luxury Tower Properties in Manhattan
April 9, 2013, Boston - GID announced today that it acquired two trophy assets located in the Riverside South neighborhood of New York’s Upper West Side. The properties are marketed as The Ashley and The Aldyn. GID acquired the 209 residential rental units, retail space, and garage located within the Ashley and 136 residential rental units and retail space located in the Aldyn.
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GID Development Announces Dynamic Phase Two of Regent Square Development
February 14, 2013, Houston - GID Development Group announced today details of the highly anticipated Phase Two of Regent Square, a 24-acre, 4.2 million square foot mixed-use development located in the heart of the Inner Loop off of West Dallas. Phase Two will include the Alamo Drafthouse Cinema, a sophisticated residential project featuring 160 apartments, and 15,000 square feet of restaurant spaces. Construction on Phase Two is slated to commence late 2013.
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GID Announces JV Development in South Park Submarket of Los Angeles
January 4, 2013, Boston - GID announced today the formation of a joint venture partnership with The Hanover Companies to develop Hanover Olympic Boulevard, a luxury apartment community located near the Staples Center and L.A. Live in downtown Los Angeles.
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GID Forms Joint Venture for Houston Luxury Development
December 21, 2012, Boston - GID announced today that it has formed a joint venture with Mill Creek Residential Trust to develop a 238 unit apartment community located in the Tanglewood neighborhood of Houston. Set one block off of Woodway Drive, the development will be called 502 South Post Oak Lane Apartments and will offer convenient access to Memorial Drive, I-610, I-10 and Highway 59.
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GID Commences Joint Venture Development of Equinox in East Rutherford, NJ
December 17, 2012, Boston - GID announced today that it has formed a joint venture with BNE Real Estate Group to develop Equinox in East Rutherford, NJ. The property will consist of 316 units in two buildings connected by a common amenity area, providing 287,000 square feet of net rentable living space.
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GID Acquires 550-Unit Luxury Multifamily Community in Boston Area
August 15, 2012, Boston - GID announced today that it acquired Oak Grove Village, a 550 unit luxury apartment community with approximately 15,000 square feet of retail located in Melrose and Malden, Massachusetts, just six miles north of Boston. The property benefits from its immediate access to the MBTA’s Oak Grove Station on the Orange Line, providing subway service to downtown Boston in 15 minutes.
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GID Announces Houston Joint Venture
August 8, 2012, Boston - GID announced today that it has formed a joint venture with The Hanover Companies to develop a 425 unit apartment community adjacent to Houston’s highly sought-after West University Place neighborhood. Located one block off of Kirby Drive, the development will be called Hanover West University.
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GID Signs New 24 Year Multifamily Investor Partnership with CalPERS
July 1, 2012, Boston - GID announced today that it has executed an amended agreement with the California Public Employees’ Retirement System (“CalPERS”). The agreement represents a 24 year extension of the successful relationship GID has enjoyed with CalPERS since 1998.
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GID Acquires The Ridgewood in Fairfax, Virginia
January 17, 2012, Boston - GID announced today that it has acquired The Ridgewood, a 292-unit luxury apartment community in Fairfax, Virginia. The property lies in the heart of Fairfax Center at the confluence of several major thoroughfares and has excellent proximity to a diverse mix of employers.
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GID Acquires 287-Unit Community in Atlanta’s Brookhaven/Buckhead Submarket
January 12, 2012, Boston - GID announced today that it has acquired Alexan Town Brookhaven, a 287 unit luxury apartment community. The property lies in the heart of the Brookhaven/Buckhead section of Atlanta within the Town Brookhaven mixed-use development and offers excellent access to employment centers.
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GID Forms Second Joint Venture for Jersey City Development
January 10, 2012, Boston - GID announced today that it has formed a second joint venture with BNE Real Estate Group/Millennium Homes to develop a 139 unit apartment community located in Jersey City, NJ, just three blocks from the Hudson River.
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GID Enters Chicago Market with the Purchase of Flair Tower
December 22, 2011, Boston - GID announced today that it has acquired Flair Tower, a 198 unit luxury apartment tower located in downtown Chicago, IL. The asset is located in the desirable River North submarket and offers residents immediate access to Chicago’s most desirable employment and lifestyle amenities.
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GID Acquires Transit-Oriented Development Community in Denver
December 7, 2011, Boston - GID announced today that it has acquired Windsor at Broadway Station, a 419 unit luxury apartment building located in Denver, CO. The asset is located one block from the Broadway Station light rail stop which provides direct access to both downtown Denver and the Denver Tech Center.
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GID Forms Joint Venture for Northern New Jersey Apartment Projects
November 21, 2011, Boston - GID announced today that it has formed a joint venture with BNE Real Estate Group/Millennium Homes to develop a 194 unit apartment community located south of the George Washington Bridge along the banks of the Hudson River in Ft. Lee, NJ.
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GID Announces Cambridge, MA Development Joint Venture
October 17, 2011, Boston - GID announced today that it has formed a joint venture with Criterion Development Partners to develop a 227-unit apartment community in the Alewife section of Cambridge, MA. The property has frontage on Route 2 (the Concord Turnpike), which connects Downtown Boston with Route 128/I-95, and is situated less than a half mile from the Alewife MBTA subway station, offering residents convenient access to Harvard Square, East Cambridge, and Downtown Boston.
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GID Expands Austin Portfolio with Purchase of The Monarch
August 3, 2011, Boston - GID announced today that it has acquired The Monarch, a 305 unit luxury apartment tower in downtown Austin, TX.
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GID Investment Advisers LLC Cross-Border Partnership Aims to Set New Standard of Excellence in Brazilian Real Estate Market
July 31, 2011, São Paulo, SP, Brazil and Boston, MA, U.S.A. - Brazil-based OAS Empreendimentos S.A. ("OAS"), and Boston-based GID Investment Advisers LLC ("GID") have formed a new joint venture partnership to provide real estate development, construction and acquisition services in connection with real estate investments to be made throughout Brazil, with a core focus on for-sale multifamily residential projects. The partnership, OAS-GID Brazil Consultoria E Servicos Ltda., or OAS-GID Brazil Investment Advisers, will focus on providing
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GID Completes Acquisition of 451-Unit Westchester at Contee Crossing
July 21, 2011, Boston - GID announced today that it has acquired Westchester at Contee Crossing, a 451 unit luxury apartment community. The property is in Laurel, Maryland and lies in the heart of the Washington DC-Baltimore Corridor and will be renamed Windsor at Contee Crossing.
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CalPERS Consolidates Apartment Investments, Shifts $1 Billion Portfolio to Long-term Partner
October 4, 2010, Sacramento, CA - Advancing its real estate restructuring plan, the California Public Employees’ Retirement System (CalPERS) today announced the consolidation of its entire core multifamily apartment portfolio under a single partner – GID Investment Advisers LLC, an affiliate of The General Investment & Development Companies (GID).
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