Founded in 2015, GPK Holdings is a Florida-based real estate private equity and asset management company that pursues real estate equity and debt investments.
Headquarters is located in Orlando, Florida. The management team of GPK consists of seasoned real estate professionals who have significant transactional and development experience in the U.S.
GPK invests in all types real estate – in positions up and down the capital stack. The Company utilizes a market neutral investment strategy, focusing on each potential investment’s story instead of basing a decision on general market dynamics. GPK brings a global approach towards design, capitalization and product execution made possible by the flow of International capital into the U.S. Driven by a favorable exchange rate, increased access to credit and a desire for secure investments, GPK has become a powerful capital aggregator for International investors seeking exposure to U.S. real estate investments.
To date, GPK has invested in over $200 million of assets, including stabilized properties and development projects. GPK’s goal is to invest $300 million equity over the next three years.
Currently, GPK focuses its business in three areas:
Stabilized or Value Add Properties
Across the U.S. Since 2015, GPK has invested in a retail shopping center in Honolulu, HI ($24,000,000), and co-invested in multifamily properties in Columbus, OH, and Orlando, FL.View Properties
Land Investment in the Southeast of the U.S.
GPK has acquired thousands of acres of development sites in North Carolina, Georgia, and Florida and has achieved 3x equity multiples on the disposition of some of those investments. GPK has a regional office in Florida to manage its land investment business.View Properties
03. MAIN FUNDING PARTNER
Henan Dadi Group
Headquartered in Zhengzhou, in the Henan province in China, the Henan Dadi Group is a large global conglomerate engaged in five main sectors: cement manufacturing, real estate investment and development, liquor production and distribution, recycling, and finance. The company was founded in 1987 with the establishment of its first cement company by Mr. Zhang Huaiping, and has since grown into a strong, stable business conglomerate with an experienced management team. In 2016, the Henan Dadi Group posted annual revenue of over RMB 6 billion (US $962 million), with assets of RMB 6.2 billion (US $993 million).
Henan Dadi’s real estate business is conducted through GPK Holdings based in the U.S. and Henan Lingchuang Real Estate Co. based in China.
The Henan Dadi Group’s Henan Lingchuang Real Estate Co. has over 10 years of experience in real estate development and an outstanding management team. It has successfully developed over 5 million square feet in China. In August 2014, the Company won the bid on a RMB640 million mixed use real estate parcel in Zhengzhou and has started construction on a US $350 million development project. In August 2015, the company acquired a RMB200 million residential parcel in Pingdingshan, investing US $250 million on the project. In April 2017, the company won the bid for residential development project in Pingdingshan, expecting total investment to exceed US $260 million.
Henan Dadi in a recent strategic shift disposed of most of its real estate assets in tertiary Chinese cities in a preemptive move to shift from a cooling Chinese real estate market to larger healthier markets in China and abroad. Over the last several years the Group actively investigated and analyzed possible global investment opportunities, with the Board of Directors deciding to invest in real estate in the United States, with a focus on New York City.
Mr. Sen Zhang is the second generation to take the reigns of his family’s successful Chinese business, the Henan Dadi Group. He has been actively involved in the company since 2006, when he was appointed to the board of directors of Henan Dadi Cement Co. Ltd., one of the largest cement manufacturers in Henan Province. Beginning in 2012, Zhang turned his eye to U.S. real estate investments and has acquired several development sites, achieving nearly triple net returns on those investments by the end of 2014. In 2013, Mr. Zhang was appointed as CEO of Henan Lingchuang Development Group. This company currently is developing a two million square foot mixed-use mega project in Zhenzhou City, China. Mr. Zhang graduated from the School of Business at the University of Connecticut where he received Master of Science in financial risk management. He received his Bachelor’s Degree in Economics from Henan University. He is a Ph.D. candidate in finance at the University of International Business and Economics in China.
Mr. Craig Wasserman has over 20 years of experience in the real estate industry, with significant experience in real estate finance and real estate investment advisory. Prior to joining GPK Holdings, Mr. Wasserman was a Managing Director at two real estate advisory firms focused on equity and debt capital raises, including construction/development financing and loan restructurings for private real estate companies. Previously, Mr. Wasserman worked in real estate investment banking at large Wall Street financial firms including Deutsche Bank Securities, Wachovia Securities, and JP Morgan Securities. His experience at these firms included M&A buy side and sell side advisory assignments for public REITs and private real estate opportunity funds, IPO structuring and capital raises for REITs, and private equity capital raises for direct real estate investment strategies. Prior to his career on Wall Street, Mr. Wasserman worked as a CPA for a large public accounting firm focused on the real estate industry. Mr. Wasserman earned an M.B.A. from Cornell University and a B.S. in Finance and Accounting from the University of Illinois.