Brentwood, Tennessee-based GBT Realty raised $1.3 billion earmarked for investment in built-to-suit retail development and shopping center acquisitions to be deployed over the next 18 months.
Since 1987, GBT has been involved in the development, construction, leasing, management and acquisition of more than 40 million square feet of commercial development.
GBT’s $1.3 billion comes from a number of sources, including key capital partner AEW Capital Management out of Boston; a variety of investors including GBT Realty itself, as well as family offices and individuals; and a nearly $500 million in lending commitments.
As GBT deploys its capital with the intent to exceed $3 billion in assets under management, it has recently hired 12 new employees within land acquisition, new development, and leasing verticals. In preparation for GBT’s transformation, the company addition Dawson as CEO, with previous CEO, company Founder George Tomlin moving into the role of Founder, President, and Chairman.
In a preview of what is to come, in 2025 GBT has already acquired three existing income-producing shopping centers and delivered six Sprouts Farmers Market Centers across a diverse range of markets. In total, GBT currently has 33 projects set to start construction over the next 18 months.
