Track Record

Case Studies

A selection of GAIA's most instructive investments — illustrating our sourcing edge, operational discipline, and capital markets execution across market cycles.

Special Situations · Fully Realized

PJ Portfolio

9,504-Unit Sun Belt Multifamily Portfolio · 2012–2022

A contrarian, decade-long bet on Sun Belt multifamily — acquired from a Chapter 11 bankruptcy at a steep basis, with $29M equity controlling a $527M portfolio. Fully realized at 20x equity and 74.5% gross IRR.

20.1x

Gross Multiple

74.5%

Gross IRR

$1.12B

Total Exit Value

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Value-Add · Fully Realized

SMC Portfolio

9-Property / 2,594-Unit Class A Portfolio · Houston, TX · 2013–2018

An off-market acquisition from a failed buyer — securing institutional-quality Class A scale in Houston at a basis well below replacement cost, with embedded operational upside from mispriced rents and bloated expenses.

2.0x

Gross Multiple

21.6%

Gross IRR

$303M

Total Exit Value

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Value-Add · Active

Winchester Park & Woods

478-Unit Garden-Style Multifamily · East Providence, RI · 2013–Present

A long-hold, value-add acquisition of one of Rhode Island's largest multifamily assets. Acquired from Equity Residential below replacement cost, with a suburban demand profile engineered to generate compounding, retention-driven cash flow.

6.28x

Gross Multiple

30%

Gross IRR

478

Units

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