Real Estate
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Our Approach
Global Solutions Provider
With over $6 billion invested in real estate starting in 2009, we are a global property investor and capital solutions provider across the full range of real estate platforms and asset classes: residential, hospitality, office, industrial and retail as well as niche asset classes. Our opportunistic, highly flexible strategy allows us to invest across the capital structure in real estate and sector-related operating businesses.
Collaborative, Partnership Capital
We take a collaborative approach and have deep experience working in partnership with real estate owners, operators, management teams, borrowers, service providers, and other institutional investors around the world.
Scale and Flexibility
We make scalable investments ($50m-$1b+) and utilize our flexible mandate to invest across the capital structure including equity (asset and platform level), joint ventures, preferred equity and debt solutions.
Real Estate
Our Solutions
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Sixth Street acquired the fee simple interest in the 410-key Clancy San Francisco, a Marriott Autograph Collection hotel, at an attractive basis below replacement cost as part thesis on the broader San Francisco recovery. Located in the heart of the South of Market (“SoMa”) submarket, this hotel benefits from close access to the Moscone Convention Center, Oracle Park, and a dense collection of established and upcoming technology tenants within the downtown core. Sixth Street plans to execute on a few operational levers and discrete capital plan over its hold period and drive revenue as the city continues to see strong economic growth fueled by expanding AI firms, return-to-office mandates and leisure & convention recovery driven by improving downtown vibrancy.
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Sixth Street completed a structured growth equity investment into LNT, a leading UK developer/operator of assisted-living private pay care homes. Founded 30 years ago, LNT has a track record of delivering over 250 care homes across the country. Through their standardization and vertical integration, LNT generate strong unit economics while serving a needs-based sector that is structurally undersupplied with purpose-built stock.
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Sixth Street announced a strategic partnership and significant investment in L+M Companies, one of the country’s leading affordable and mixed-income developers. The lack of affordable housing remains a critical challenge in the U.S., and L+M is a highly differentiated platform with over 40 years of experience delivering high quality affordable, workforce, and mixed income housing. Since its inception in 1984, L+M is responsible for over $20 billion in developments and investments and has acquired, built, or preserved over 57,000 residential units. The partnership will bolster L+M’s vertically integrated approach to affordable and mixed-income housing development and preservation, including expanding the Company’s work in the New York Metro, Texas, the Southeast, California, and other high-growth markets.
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Sixth Street acquired Cala Homes in a structured transaction. Cala Homes is one of the United Kingdom’s largest and highest-quality homebuilders, focused on a mass-affluent, typically second- or third-time buyer customer base that has proven to be more resilient through the cycle than the first-time buyer cohort. Cala Homes has a significant land bank and is well positioned to grow as it delivers much-needed housing to the undersupplied markets that it operates in.
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Sixth Street acquired the fee simple interest in the 545-key Fairmont Dallas. Located in the heart of the Arts District and offering convenient access to the vibrant Uptown area, this iconic hotel is a staple in the Dallas hospitality scene. Sixth Street plans to undertake a comprehensive renovation focused on enhancing guest experiences, with the goal of transforming the property into one of the city's premier luxury group hotels.
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Sixth Street invested in EdgeConneX, a leading global provider of data center capacity focused on energy-efficient and sustainable designs optimized for AI and large-scale cloud deployments, to help accelerate the company’s ability to deliver capacity and cutting-edge solutions to its customers. Since 2020, EdgeConneX has more than tripled its built data center capacity and expanded its reach into Asia, Latin America and new European markets. Today, EdgeConneX has a global footprint of 80 data centers in operation or development in more than 60 markets across North America, Europe, APAC and South America.
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UK Industrial and Logistics
Sixth Street began acquiring single-let mission-critical industrial real estate in key, undersupplied commercial hubs across the United Kingdom. Sixth Street’s strategy focuses on buying standing assets at a discount to replacement cost that will benefit from long-term secular trends including e-commerce penetration, nearshoring, and general population growth that will drive the need for tenants to occupy high-quality, well-located industrial real estate to optimally serve their end customers.
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Sixth Street acquired a 575,000 sf / 31-acre office, R&D, and advanced manufacturing campus in Fremont, California from Seagate Technology. The transaction was structured as a sale leaseback to Seagate, in which Seagate leased the strategically important property back on a long-term basis via a triple net lease.
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Sixth Street formed a platform partnership with Red Cove Capital “RCC” to provide preferred equity and mezzanine debt for multifamily developments in markets with favorable supply and demand fundamentals, recapitalizations and acquisitions in the United States. The venture seeks to capitalize on the housing shortage by providing capital to projects backed by best-in-class developers in favorable markets.
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Sixth Street acquired a controlling stake from IGD through a structured transaction in a portfolio of 13 long-let food-led retail assets in Italy, held by a newly created Italian real estate fund.
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Oxnard
Sixth Street completed the purchase of 60 acres of coastal land in Oxnard, California entitled for the development of 292 single family homes. The investment represents a rare infill coastal site ready for large-scale development.
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Interporto Regionale della Puglia
Sixth Street completed the purchase of Interporto Regionale della Puglia, a fully-let logistics park with 90,000 sqm of covered area and intermodal distribution logistics facilities located in Bari, Italy. The hub is strategically located near the port of Bari and directly connected to the highway and the Italian railway network through its own intermodal freight terminal. The distribution facilities have Class A features and cross-docking capacity, with several having controlled temperature capacity.
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Sixth Street co-led a strategic investment in the creation of AirTrunk, an Australian hyperscale datacenter business for cloud, content, and large enterprise customers. AirTrunk was acquired in April 2020 by Macquarie Infrastructure and Real Assets (MIRA).
