Based in South Bend, Indiana with additional offices in Ft. Wayne and Indianapolis, Great Lakes Capital is a Real Estate Development and Private Equity Firm that invests in several core property types including Multifamily, Industrial, Mixed-Use, Flex, Office, Medical and Life Science, and Hotels Properties. Multifamily, Industrial, and Mixed-Use properties remain Great Lakes’ highest growth segments. Since opening its doors in 2005, Great Lakes has successfully invested in billions of dollars of real estate projects and currently enjoys a development pipeline in excess of $923 million. Great Lakes’ seven principals have nearly 170 years of experience and have closed more than $7 billion of commercial real estate investment across all property types, geographies, capital structures, and economic cycles.
Great Lakes Capital is uniquely positioned to perform every major aspect of real estate development in house. We look to leverage our relationships, market knowledge, and capabilities to work with partners, landowners, municipalities, and tenants looking for real estate solutions. We actively seek build-to-suit, joint venture, restructure, redevelopment, and partnership opportunities. We value aligning our interests with those of our partner-clients. Our professionals work with land planners, architects, engineers, construction experts, capital partners, and others to deliver a seamless development process. This approach provides our partner-clients peace of mind knowing that their interests are being served in a manner that will deliver value as well as successfully meet their strategic and operating objectives.
Value: $690,000,000
1Q
• Wildhorse Hotel
• River Point West
• Valley Forge
• Bloomington Health
1Q
• Keystone Hotel
2Q
• Georgian
• Last Mile
• RHNI
Value: $242,663,906
2Q
• FTW I
4Q
• Hibernia
Note: Decline in 1Q 2020 was in response to COVID-19 and anticipated ramifications thereafter.
Value: $241,426,074
1Q
• Warsaw
• Portage Prairie I
• Portage Prairie II
• WI-3
• BH Bloomington
2Q
• Ridgeway Skyline
3Q
• TCG Rick
• BH Capital City
4Q
• Gateway
• St. Andrews
• Yorktown
• Norman Street
Value: $135,973,489
1Q
• Cleveland Center
3Q
• GrandView Flats
• Portage Prairie III
• BorgWarner
• Toscana Outlots
• Cascade Center
Value: $46,886,427
GLC Stabilized Income Fund I
Launched 3Q 2017
Open-End Fund
GLC SIF was launched in the 3rd quarter of 2017 with a focus on stabilized and stabilizing assets and an emphasis with a current coupon to investors.
4Q
• Toscana Residential
• Toscana Retail
• OCDC
• City Plaza
• Dixie Place
Closed Fund
Status – GLC COF I has completed raise of a leveraged $22MM Fund which is actively investing in performing and non-performing debt.
Retail/Multi-Family – Closed Fund
Status – GLCA IV is in the investing/value creation stage.
Medical Office/Hospital – Closed Fund
Status – GLCA III has largely harvested with return of all investment to partners with an IRR exceeding 80% while in value creation stage.
Office and Medical Office Focus – Closed Fund
Status – GLCA I is in the value creation stage while still pursuing opportunistic investments.
Development Manager
Leveraging 17 years of relationships and extensive background in the commercial real estate industry, Martin provides direct strategic and analytical support as part of the Great Lakes Capital development team. Since joining the firm in 2017 he has performed a hybrid role in asset management and brokerage services within the GLC portfolio. Martin earned a BA in Political Science from the University of Missouri/Columbia and an MBA from Roosevelt University in Chicago.
