Delivering over 5,600 homes through Structured Development Finance
2020 marked the 20-year anniversary
of Grosvenor America's Structured Development Finance business.
Our Structured Development Finance business provides capital to leading residential developers in select North American markets. The programme has acted as a lender to 72 residential development projects, representing over 5,600 homes and C$4bn in gross development value. Last year, we were financing 19 projects totalling over 2,000 residential units across our five markets. We completed seven projects including: The Bond with MainStreet Development in Seattle; Belpark with Intracorp Homes in Vancouver; Triomphe with Millennium Development in Burnaby (pictured left); and The Bower with PN Hoffman in Washington, D.C.
As part of our commitment to equity and diversity, we actively monitor and track our supply chains across projects that the Structured Development Finance business invests in. We are corporate members of The Women’s Business Enterprise National Council and The National Minority Business Council and work with our partners and the industry to advocate for a more diverse and inclusive supply chain.