Temerity Strategic Partners

Name

Temerity Strategic Partners

Legal name

Temerity Strategic Partners

Website

https://temeritystrategic.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Management Fees and Performance-Based Compensation: TSP earns management fees and performance-based compensation (carried interest) in connection with investments made alongside its operating company partners through co-GP fund structures. TSP's Form ADV Part 2A describes these fee arrangements as standard for private equity real estate fund vehicles.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Temerity Strategic Partners (TSP) is a private equity firm that provides programmatic general partner (GP) equity co-investment commitments to established real estate owner/operators across the United States. The firm structures co-GP fund vehicles tailored to each operator's strategy, supplying growth capital alongside its own GP equity to support development, value-add, and core-plus real estate investments. TSP also operates an investor portal and an MBA Associates Program that supports its sourcing pipeline.

Product overview

Temerity Strategic Partners operates as a private equity firm offering a single unified product: programmatic co-GP capital partnerships with real estate owner/operators. The firm provides growth capital and strategic resources to established real estate operators and developers, customizes investment programs to meet the needs of each owner/operator, and creates alignment of interests. Owner/operators receive swift, dependable programmatic capital, liquidity for select existing investments, LP capital on select new investments, access to a broad range of institutional partners, and guidance in building large-scale operating platforms. Supporting infrastructure includes an Investor Portal (via Juniper Square) for capital partners and an MBA Associates Program for talent development.

Differentiator

Problem solved

Functional benefit

Products and services

• Programmatic Co-GP Capital
• Investor Portal
• MBA Associates Program

Quantifiable outcome

• DLC has executed approximately $1.55 billion of acquisitions with TSP since December 2023, with $560+ million currently under contract, expanding DLC's total buying power by $2.3 billion.
• +4 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• Rethink Healthcare Real EstatecoreStrategic or Co-development Partner · 12 May 2026TSP partnered with Rethink Healthcare Real Estate (the healthcare real estate investment platform of Rethink Capital Partners) to support the acquisition and development of mission-critical healthcare real estate including medical outpatient buildings, diagnostic facilities, micro-hospitals, and inpatient rehabilitation facilities. The partnership launched with a portfolio exceeding $200 million and targets up to $1.5 billion of healthcare real estate investments across demographically compelling U.S. markets. Rethink has invested approximately $2.9 billion across more than 100 healthcare projects totaling over 7.3 million square feet in 21 states.
• Banner Industrial PropertiescoreStrategic or Co-development Partner · 25 March 2026TSP formed a programmatic partnership with Banner Industrial Properties for acquiring and operating infill multi-tenant industrial real estate in supply-constrained high-growth U.S. logistics markets including Denver, Phoenix, Texas, Seattle, and Salt Lake City. The partnership targets distribution, shallow-bay, and mid-bay industrial facilities under 300,000 square feet. Banner Industrial is backed by Banner Real Estate Group with approximately $2.8 billion of lifetime investment activity.
• The Michaels OrganizationcoreStrategic or Co-development Partner · 27 February 2026TSP formed a programmatic co-GP partnership with The Michaels Organization focused on purpose-built student housing near Power 4 and Research 1 universities. The partnership has a seed portfolio of nearly $300 million and targets more than $1 billion of student housing acquisitions and developments. Michaels is a national residential real estate leader with more than $12 billion in assets and over 200,000 residents served across 600+ communities. Through Michaels Student Living, the firm has developed and acquired more than $2.6 billion of student housing assets across 30 projects totaling over 22,000 beds.
• Vision Real Estate PartnerscoreStrategic or Co-development Partner · 23 February 2026TSP partnered with Vision Real Estate Partners, a New Jersey-based vertically integrated investment, development, and operating platform, for a programmatic partnership focused on infill multi-tenant industrial real estate across select East Coast markets. The venture targets approximately $800 million of acquisitions in Northeast, Mid-Atlantic, and Southeast markets. Vision has invested more than $3 billion across industrial, office, and retail assets totaling over 30 million square feet since its founding in 2006.
• GPI CompaniescoreStrategic or Co-development Partner · 13 January 2026TSP partnered with GPI Companies, a Los Angeles-based vertically integrated real estate investment and development firm, to expand multifamily investment in California. The partnership has capacity to pursue approximately $750 million in multifamily acquisitions and redevelopment in high-barrier, supply-constrained California markets. Founded in 2008, GPI has invested more than $1.5 billion across 28 projects totaling over 3 million square feet of multifamily, mixed-use, and medical office properties.
• DLCcoreStrategic or Co-development Partner · 10 December 2025TSP serves as the exclusive co-GP capital partner to DLC, a leading private owner and operator of open-air shopping centers. TSP has supported DLC in acquiring over $1.55 billion of retail assets since December 2023, with a new commitment expanding DLC's total buying power by $2.3 billion. DLC has more than $4 billion and 22.7 million square feet in assets under management across 90+ properties. TSP has committed growth capital to help DLC expand its assets by $2 billion by 2026.
• Ashcroft CapitalcoreStrategic or Co-development Partner · 23 April 2025TSP co-invests with Ashcroft Capital in multifamily acquisitions through joint venture partnerships. The joint venture acquired Birchstone Waterleigh, a 300-unit luxury apartment community in Winter Garden, Florida, in the Horizon West master-planned community. Ashcroft Capital is a fully integrated multifamily investment firm with $2.9 billion of multifamily assets totaling over 14,000 units across Sun Belt markets. TSP's partnership with Ashcroft also involves Pearlmark as a co-investor.

Scale indicators6 records

Recent moves16 records

Expansion highlights5 records

Direct peers

• DRA Advisors: Real estate PE firm specializing in value-add and opportunistic investments via programmatic joint ventures with operators. Partnered with DLC and TSP on both the $625M West Coast portfolio and $429M eight-property retail acquisition, demonstrating overlapping deal flow and structure.
• Crow Holdings Capital: Dallas-based real estate PE firm providing programmatic and co-investment capital to established operators across multiple asset classes. Has co-invested with TSP and DLC on the Danada Square West acquisition, indicating direct overlap in sourcing and capital structure.
• Pearlmark: Real estate investment manager that provides equity capital to operators through programmatic joint ventures, including a co-investment alongside TSP and Ashcroft Capital in Birchstone Waterleigh. Direct overlap in co-GP/multifamily programmatic investing.

Broad incumbents

• Principal Real Estate Investors: Large real estate investment manager (part of Principal Financial Group) where TSP MD Jennifer Perkins led institutional sales and marketing. Significantly larger AUM and broader product mix; competes for similar institutional LP relationships.
• PGIM Real Estate: Global real estate investment business of PGIM (Prudential), with a broad debt and equity platform. TSP VP Mitch Fenbert spent nearly six years originating commercial debt at PGIM, and PGIM competes with TSP for both LPs and operating-partner relationships.
• Cerberus Institutional Real Estate: Real estate investment platform within Cerberus Capital Management, successor to Blackacre Capital Management co-founded by TSP's Jeff Citrin. Operates a much broader and larger real estate franchise.
• Affinius Capital: Real estate investment manager formed from the merger of Square Mile Capital and USAA Real Estate — Square Mile was founded by TSP co-founder Jeff Citrin. Affinius operates a much broader, larger-scale platform than TSP across debt, equity, and lending strategies.
• LaSalle Investment Management: Global real estate investment manager with ~$70B+ AUM, led by TSP advisory board member Jeff Jacobson. Provides both debt and equity capital across real estate globally — a much larger incumbent where TSP's MD Jennifer Perkins also worked.
• Ares Commercial Real Estate: Larger, publicly-traded commercial real estate platform that grew out of Wrightwood Capital, the predecessor founded by TSP co-founder Bruce Cohen. Broader product offerings (debt, equity, lending) at substantially greater scale.
• Blackstone Real Estate: Largest global real estate PE platform and the dominant provider of programmatic capital to real estate operators worldwide. Sets the competitive benchmark against which emerging co-GP providers like TSP are evaluated by operators and institutional LPs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/temeritystrategic

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Temerity Strategic Partners