DJIA52002.41 -175.28
S&P 5007659.44 -84.62
NASDAQ26140.03 -572.99
Russell 20002721.37 -45.90
German DAX25622.61 239.99
FTSE 10010881.90 41.55
CAC 407956.70 22.00
EuroStoxx 506203.55 32.40
Nikkei 22565324.29 898.34
Hang Seng24186.83 124.11
Shanghai Comp3716.28 8.80
KOSPI5668.05 113.83
Bloomberg Comm IDX144.42 0.53
WTI Crude-fut109.69 4.08
Brent Crude-fut101.84 4.31
Natural Gas3.12 -0.09
Gasoline-fut3.24 0.10
Gold-fut4186.70 -5.60
Silver-fut57.13 -0.47
Platinum-fut1639.70 4.10
Palladium-fut1115.00 -16.50
Copper-fut6.56 0.00
Aluminum-spot3195.00 0.00
Coffee-fut305.55 6.85
Soybeans-fut1260.50 -3.75
Wheat-fut659.75 -9.50
Bitcoin81677.46 -813.88
Ethereum USD2421.45 -38.86
Litecoin59.56 -1.23
Dogecoin0.08 0.00
EUR/USD1.1198 0.0070
USD/JPY158.27 -0.60
GBP/USD1.3255 0.0107
USD/CHF0.8296 -0.0085
USD IDX101.78 -0.23
US 10-Yr TR5.079 -0.008
GER 10-Yr TR3.4206 0.0114
JAP 10-Yr TR2.937 0.001
Fed Funds4 0
SOFR3.89 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Real Assets  + Real Estate  |  March 8, 2023
Greenpoint’s Real Estate PE Platform Invests in Semi-Stow, Launches $500M Truck & Trailer Storage Business
Joe Palmisano
By: Joe Palmisano

Greenpoint’s Real Estate PE Platform Invests in Semi-Stow, Launches $500M Truck & Trailer Storage Business

Greenpoint Partners, an alternatives firm investing in real assets, technology and sustainability, has made a strategic investment in Semi-Stow, an Austin, TX-based semi-truck parking and trailer storage operator. The company has also launched a $500 million truck and trailer industrial outdoor storage platform

Founded in 2019 by Chris Green and headquartered in New York, GreenPoint’s investment – the third by its real estate private equity platform – looks to provide both growth capital for Semi-Stow as the company continues to scale and expand to more locations across the country, as well as funding to acquire a portfolio of semi-truck parking and trailer storage locations across the US.

GreenPoint is targeting a $500-plus million in assets, which would be operated by Semi-Stow. The platform has also closed on its first two acquisitions, which provide storage capacity for over 1,000 semi-trucks and trailers in the Houston and Dallas Fort Worth markets.

“By partnering with Semi-Stow and utilizing a tech-enabled, data-driven approach, we believe we can help address the national shortage of safe and secure parking locations for commercial trucks while improving and simplifying the overall experience for drivers and logistics providers alike,” said Alexander Çakir, partner and co-head of Real Estate at GreenPoint.

Led by managing partners Trent Cameron and Dennis Nabors, Semi-Stow currently manages 30 sites comprising more than 5,500 truck and trailer spaces across the US.

GCM Grosvenor is serving as GreenPoint’s lead investor.

Connect

Inside The Story

Greenpoint PartnersSemi Stow

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints