Granite Investment Group
Granite Investment Group ("Granite") is a privately held real estate investment firm located in Irvine, California, with operations extending across the United States. Granite was established in 1995 and subsequently has been owner, sponsor or operator of over $1 billion of real estate assets with its capital investment partners. Granite has focused on newer, Class A and B quality assets in building its senior housing real estate portfolio that produce double-digit annual yields on investment. Investment transactions typically range from $10 million to $250 million, with a history of stabilized operations preferred. To date, the company has acquired both individual nursing facilities as well as portfolio acquisitions, and expects to continue to do so. In addition, Granite is searching for attractive investment opportunities in other selected regions in the mid-Atlantic region, based on the company's comprehensive evaluation of market factors, including population, demographics, state reimbursement policies and budget condition, and existing supply (occupancy, condition and age) among many other factors. Granite typically focuses on Class "B" and high "C" properties for its multifamily acquisitions, preferably in suburban locations with good access to employment centers, population growth, and good demographics. Individual transaction size is $5 - $25 million, with asset sizes of 50-500 units. Geographically, the company prefers Southern California, Dallas and Austin as its primary markets but will consider other markets.
Real Estate Specialization
| Multifamily |
| Health Care |
| Senior Housing |
Investment Type
| JV partnership |
| Acquisition/Fee Simple |
Investment Style
| Value-add |
| Opportunistic |
Typical Deal Size
| $10,000,000 - $50,000,000 |
Allen Boerner
John Heller
Scott Rickard