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GTIS Partners and Graham Street Realty Celebrate Solar System Energization SAN FRANCISCO (July 18, 2024) — Clean, green solar power is flowing from the newly constructed 575-kW roof mount solar system recently installed at Belvedere Place, a prominent Class A office complex in Mill Valley, CA, located just north of the Golden Gate Bridge. With over 1,000 solar panels installed, the system is expected to meet 95% of the 105,000-square-foot buildings’ electricity demand, with tenants benefiting from a 10% electricity rate discount. Current occupants of the two three-story buildings include Merrill Lynch, UBS, WeWork, Redwood Trust, and several private wealth management firms. GTIS Partners, a New York City-based real assets investment firm, and Graham Street Realty, a San Francisco-based commercial real estate owner-operator, acquired Belvedere Place in August 2019. Both sustainability-in-development champions, the joint property owners were motivated to offer tenants access to green power at a discount and contribute to reducing greenhouse gas emissions in a meaningful way. That goal was achieved through partnerships with SolarKal, a commercial solar advisory and procurement firm, and Greenskies Clean Focus, a national leader in renewable energy solutions. “We are thrilled to celebrate the completion of this important solar energy project,” said Peter Ciganik, Partner and Head of Capital Markets at GTIS. “Sustainability and environmental stewardship are deeply integrated into our business model, and we are proud to have been recently named a Gold Level Green Lease Leader by the U.S. Department of Energy Better Buildings Alliance.” “The installation of solar panels at Belvedere Place marks a significant milestone in our sustainability journey,” said Andrew Mustin of Graham Street Realty. “By harnessing the power of renewable energy, we are not only cutting operational costs but also significantly reducing our environmental impact. This achievement was made possible through our strong partnership with GTIS and the expertise of SolarKal and Greenskies. Together, we are committed to creating eco-friendly commercial spaces that benefit both our tenants and the community.” SolarKal analyzed the GTIS nationwide portfolio, assessed utility bills, designed preliminary photovoltaic systems, and modeled returns, ultimately choosing Belvedere Place as a top property for solar development. SolarKal’s proprietary procurement process identified Greenskies Clean Focus as the preferred provider given the firm’s strong local area expertise. “This shining California success story demonstrates that there are creative structures like this hybrid PPA roof lease that are a great alternative to community solar, which is still under policy development in California,” said Neil Sharma, Co-Founder and Chief Commercial Officer of SolarKal. “All parties involved showed a strong commitment to success.” Greenskies is the project’s developer, financer, owner, and long-term operator under a 25-year power purchase agreement (PPA). Greenskies will also provide ongoing operation and maintenance to the site. “Greenskies is excited to partner with SolarKal, GTIS Partners, and Graham Street Realty to bring the Belvedere Place solar project to light,” said Stanley Chin, President and CEO of Greenskies Clean Focus. “This collaboration exemplifies our commitment to providing innovative, sustainable energy solutions that deliver long-term value. It ensures a stable and low-cost energy source and contributes to the broader goal of a low-carbon future.” The solar system will reduce nearly 600 metric tons of CO2 emissions each year, equivalent to the CO2 emissions from 116 homes’ annual electricity use.   About GTIS Partners GTIS Partners is a global real estate investment firm in the Americas, headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Charlotte, Phoenix, Dallas, Houston, and Munich. The firm was started in 2005 and is managed by President and Founder Tom Shapiro and seven partners. The firm manages $4.5 billion in gross assets and is active across a wide range of real estate sectors, including single family and multifamily housing, office, industrial/logistics, and hospitality as well as opportunity zone investments. For more information, please visit www.gtispartners.com. About Graham Street Realty Graham Street Realty (GSR) is a private, San Francisco-based commercial real estate investment firm founded in 2007. Since that time, GSR has purchased over $485 million in office and industrial assets. As of first-quarter 2024, GSR owns and operates 24 properties in four states. Since its founding, the firm’s focus has been on value-add investment in the office and industrial sectors. To learn more, visit www.grahamstreetrealty.com. About SolarKal Since 2015, SolarKal has been helping businesses make the smart switch to solar, streamlining the process from start to finish. Our expert solar advisors harness the power of competition in our proprietary provider marketplace, saving our clients time, money, and internal resources. SolarKal has become the leading solar advisory and marketplace for commercial real estate, working closely with more than 50 commercial real estate companies, publicly traded REITs, Fortune 500 companies, national education organizations, and commercial properties from the East Coast to the West. Learn more at SolarKal.com. About Greenskies Clean Focus Greenskies Clean Focus offers a full suite of decarbonization solutions, including on-site and off-site solar, battery storage, microgrids, and CCHP. Our vertical integration delivers the most cost-competitive solutions for commercial, public sector, and utility energy users throughout the U.S. From beginning to end, our customers work with a single delivery team. Greenskies originates, develops, constructs, and operates, while Clean Focus finances and owns the systems. Since our founding in 2009, we have developed and constructed 320 MW of renewable energy facilities across over 600 sites in 19 states. Solar Power World ranks Greenskies Clean Focus as the number one commercial solar developer in the Northeast and top three in the U.S., based on cumulative kW installed. For more information about Greenskies Clean Focus and its decarbonization solutions, please visit www.greenskies.com.

Graham Street Realty’s acquisition of Commerce Sqaure was recently covered by The Daily Sentinel San Francisco-based commercial real estate investment firm Graham Street Realty (GSR) has acquired Commerce Square in the I-70 East Industrial submarket of the Denver–Aurora metro. The deal closed on December 3, 2020 for a purchase price of $16 million. The property is currently fully leased. “Graham Street is excited to move into the industrial sector with the acquisition of Commerce Square,” said GSR Managing Principal David Messing. “We were drawn to this asset in particular due to its functionality, infill location and long history of institutional ownership. Denver’s light-industrial market has proven resilient in spite of the pandemic, and we believe it will continue to exceed expectations in the future.” Read the full story at The Daily Sentinel and more about the transaction at Denver Business Journal.

During this time of social upheaval, in the wake of the murder of George Floyd, we at Graham Street Realty stand with those fighting these injustices. While the past cannot be changed, we know that our thoughts, prayers, sympathies, and condolences are not enough. We will work to hold our elected officials accountable, remain accountable to each other, and continue to be accountable to provide workplace environments that reflect our nation and the best of its ideals — diversity, equity, inclusion, and cultural competence. We are committed to doing our part to realize these overdue demands for change — by listening to our teams, our partners, those who are the most vulnerable and disenfranchised, and those struggling with the most grief. We will listen not in pursuit of progress, but also out of respect for those whose voices have been silenced. Be safe. Stay healthy. And let us all be catalysts for equality and justice.

NEW YORK–(BUSINESS WIRE)–GTIS Partners LP (“GTIS”), a real assets investment firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, and Graham Street Realty (“GSR”), an experienced San Francisco-based commercial real estate owner-operator, today announced the formation of their joint venture and the simultaneous closing of their acquisition of Belvedere Place, a Class A office building in Mill Valley, California. Belvedere Place was built in 2000, is 100% leased, and is Marin County’s newest, highest-quality Class A office building. The property comprises two three-story buildings with a total of 104,000 rentable square feet of space. Beyond this, the building offers direct-access garage parking, electric car charging stations, 20’ ceilings in lobby entrances, and a private fitness center. “We’re delighted to partner with GSR to make this acquisition a reality,” said David Pahl, Managing Director, GTIS Partners. “Belvedere Place is a textbook example of what we look for both in an MSA and in a property itself – a supply-constrained market with significant barriers to entry for new developments, attractive returns with strong cash-on-cash yields, and a roster of blue-chip occupants. This is our first office acquisition for our GTIS US Property Income Partners fund, which complements our existing portfolio of residential assets, providing further strong, predictable cashflow.” Current occupants include Merrill Lynch, UBS, WeWork, Redwood Trust, and several private wealth management firms. “Marin County is the most affluent county within the San Francisco Bay Area, with median incomes of $133,000 and median home prices over $1.1 million, and the area is home to many executives and other well-educated professionals,” said David Messing, Managing Principal of Graham Street Realty. “Geographically speaking, Belvedere Place couldn’t be better situated, with direct access to Highway 101 providing easy commutes to the North Bay and a 20-minute drive to downtown San Francisco across the Golden Gate Bridge.” _____________________________________________________________________________________________________________________________________ About Graham Street Realty Graham Street Realty (GSR) is a private, San Francisco-based commercial real estate investment company with assets in the Western United States. Since its founding in 2007, the firm’s focus has been on value-add investment in the multi-tenant office building market. GSR currently owns more than 1.2 million square feet of commercial office space. To learn more, visit www.grahamstreetrealty.com. About GTIS Partners GTIS Partners is a global real assets investment firm headquartered in New York with offices in Los Angeles, San Francisco, Atlanta, São Paulo, Brazil, Paris, France and Munich, Germany. GTIS Partners was founded in 2005 and is managed by President Tom Shapiro and Senior Managing Directors Josh Pristaw, Rob Vahradian, Tom Feldstein, João Teixeira, and Amy Boyle. GTIS Partners has 88 employees and approximately $4.5 billion of gross assets under management. The firm pursues opportunistic real asset investments through direct equity investment and lending activities. To date, the firm has committed capital to residential, retail, industrial, office, hotel, and mixed-use projects in the U.S. and Brazil, and is among the largest real estate private equity companies in Brazil. For more information, please visit www.gtispartners.com.

Graham Street Realty’s acquisition of a three-property Colorado office portfolio was recently covered by GlobeSt.com Graham Street Realty has acquired a three-building office portfolio here that involves nearly 115,000 square feet of leasable office and lab space. The San Francisco-based commercial real estate firm, which prior to the deal owned one asset in Boulder, acquired 3005 Center Green Drive, 2945 Wilderness Place and 5665 Flatiron Parkway office properties. The company also owns four other office properties in the metro Denver area. The portfolio known as “The Boulder Collection,” was purchased from SteelWave. The transaction closed on February 14th. No financial terms of the transaction were released. “When you think about Boulder’s lifestyle attributes, entrepreneurial spirit, and natural beauty, it really feels like an unparalleled place to live and work, and we don’t see that changing,” says Jay Snover, a director with Graham Street Realty. “This deal represented a unique opportunity to purchase a collection of institutionally maintained properties that cater to small and large office users as well as lab tenants.” Read the full story at GlobeSt.com.