GTIS Partners

Investment decisions are led by co-founders Thomas Shapiro and Rod MacLennan. Shapiro, a Goldman Sachs alumnus, focuses on strategy and capital allocation, while MacLennan, formerly of Morgan Stanley, oversees portfolio management. The firm's Brazil operations are headed by José Antonio Forte.

GTIS Partners is structured as a traditional real estate asset manager, not a family office. It raises institutional capital and deploys it across its own funds and co-investment vehicles. The firm does not disclose a wealth origin tied to a single family.

No. GTIS has a permanent office in São Paulo, Brazil, and actively invests in both US and Brazilian markets. Its strategy targets high-growth metropolitan areas in both countries, with a focus on residential and logistics assets.

GTIS invests across the risk spectrum, from ground-up development (entitlement risk) to value-add repositioning and stabilized core assets. The firm's funds often focus on a specific stage, such as its US residential series targeting development and mid-cycle construction.

GTIS invests principally via closed-end funds that it manages, raising capital from institutional investors. The firm also engages in direct co-investments alongside its fund vehicles for specific assets or portfolios.

GTIS sources deals through its on-the-ground teams in the US and Brazil, relationships with local developers and brokers, and a focus on off-market transactions. Its long-standing presence in Brazil gives it an edge in sourcing land and development opportunities there.

GTIS typically acts as the lead or co-GP on its investments, managing the asset itself. It does not commonly invest as a limited partner in third-party funds, though it may partner with other real estate operators on a deal-by-deal basis.