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Proteus MHP Announces Significant Equity Commitment from GCM Grosvenor's Real Estate Platform
CHICAGO and LOS ANGELES, June 03, 2025 (GLOBE NEWSWIRE) -- Proteus MHP, a private real estate investment and operating firm focused on manufactured housing communities, today announced a $60 million equity commitment from GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider with approximately $82 billion in assets under management. The investment is being made by GCM Grosvenor’s Real Estate platform through various GCM Grosvenor-managed investment vehicles. The
About this update from Gcm Grosvenor Inc.
[{"type":"image","alt":"Proteus MHP","displaySize":"","headline":null,"caption":"Proteus MHP","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":102,"url":"https://media.zenfs.com/en/globenewswire.com/cbab93cd8f84d39a9249a5c135f507e0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QQxFzevEvOBIJTABSGJe7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/cbab93cd8f84d39a9249a5c135f507e0","width":300,"height":102}},"lazy":false},{"type":"text","content":"CHICAGO and LOS ANGELES, June 03, 2025 (GLOBE NEWSWIRE) -- Proteus MHP, a private real estate investment and operating firm focused on manufactured housing communities, today announced a $60 million equity commitment from GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider with approximately $82 billion in assets under management.","length":367,"tagName":"p"},{"type":"text","content":"The investment is being made by GCM Grosvenor’s Real Estate platform through various GCM Grosvenor-managed investment vehicles. The capital will be used to launch a programmatic joint venture with Proteus MHP, providing more than $150 million of buying power to acquire and operate manufactured housing communities across the United States.","length":340,"tagName":"p"},{"type":"text","content":"Founded in 2022 by Bowen Hsu and Marcus Consunji, Proteus MHP is a vertically integrated owner-operator focused on acquiring and improving quality, attainable housing. The firm currently owns and operates 21 communities across the Southeast and Great Plains and has three additional assets under contract that will serve as the foundation for this new partnership. Hsu and Consunji bring over 30 years of combined real estate experience and have collectively executed more than $5 billion of transactions across multiple asset classes nationwide.","length":546,"tagName":"p"},{"type":"text","content":"The firm’s operational platform is built to scale and integrates acquisitions, asset management, and property operations to drive long-term value and resident satisfaction. Proteus MHP targets well-located, underinvested communities where strategic capital improvements and hands-on management can potentially generate attractive, risk-adjusted returns.","length":353,"tagName":"p"},{"type":"text","content":"Peter Braffman, Managing D...