NEW YORK CITY-GoldenTree InSite Partners, the real estate fund group of GoldenTree Asset Management, is being spun off as GTIS Partners. The name change takes effect on July 1; the two companies will continue collaborating on new investments.

According to a release, the spinoff occurs as the outcome of GTIS Partners’ achieving certain “pre-determined operating milestones,” including a $1-billion threshold of third-party equity under management. GTIS president Tom Shapiro says in the release, “When GTAM’s CEO and founder, Steve Tananbaum, and I formed the joint venture in 2005, we agreed that when GTIS achieved these benchmarks, it would become an independent entity. GTAM has been an outstanding partner to us, and we look forward to our continued collaboration.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.