Shearman & Sterling has served as legal counsel to global real estate investment firm GTIS Partners LP in the structuring and formation of GTIS US Residential Strategies Fund LP and its various parallel funds. The fund recently held its final closing with $716 million of aggregate investor commitments (including co-investments), thereby exceeding its initial target and meeting its hard cap on fund size. The fund intends to make primarily equity investments in a diverse portfolio of US residential real estate assets, and may also invest through debt and preferred equity structures in select cases. GTIS Partners as a firm currently manages approximately $2.4 billion of committed equity and has invested capital in residential, retail, industrial, office, hotel and mixed-use projects in both the US and Brazil.

The Shearman & Sterling team was led by partner Laura Friedrich (New York-Investment Funds) and associate John Reiss (New York-Investment Funds) and included partners Chris Smith (New York-Real Estate), Roger Baneman (New York-Tax), Michael Shulman (Washington, DC-Tax), and Kenneth Laverriere (New York-Executive Compensation & Employee Benefits); counsel John Adams (London-Investment Funds); and associates Zachary Bodmer (New York-Investment Funds), Esther Chiang (New York-Investment Funds), Caitlyn Gale (New York-Investment Funds), Nina Garnham (London-Investment Funds), Jason Spears (New York-Investment Funds), Diana Berisha (New York-Corporate), Derek Kershaw (New York-Tax) and Jeffrey Tate (Washington, DC- Tax).