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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
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.

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Inside The Story

Greenpoint PartnersSemi Stow

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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