GHP Funds

SVP I

SVP I, the debut fund for the firm, closed in December 2002 and invested with four highly successful leveraged buyout funds. SVP I is diversified by sector and geography.

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SVP II

SVP II is a leveraged buyout fund of funds which closed in December 2006. SVP II represents a continuation of the successful strategy utilized by the predecessor fund, primarily investing with large, top tier LBO and growth equity firms. SVP II is diversified by sector and geography.

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SVP RE I

SVP Real Estate I, LP ("SVP RE I"), closed in February 2008, is a private real estate fund of funds. As with SVP I & II, SVP RE I received allocations with historically successful, highly sought after underlying fund managers who pursue compelling investment strategies. The fund is diversified by sector (Office, Hotel, Industrial/Warehouse, Retail and Residential) and geography (U.S., Europe, and Asia/Pacific).

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GHP COF

The GHP Credit Opportunity Fund (“GHP COF”) is a fund of alternative credit and distressed debt funds that is being raised and invested to pursue two specific investment themes: (1) the de-leveraging of European Banks, and (2) the potential for a distressed cycle in U.S. High Yield Credit. GHP COF will pursue complex liquid and illiquid credit opportunities in the U.S. and Europe.

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GHP Library

MedMen Announces Completion of Sale of Two Properties to Cannabis REIT

Posted on by Granite Hall Partners

LOS ANGELES–(BUSINESS WIRE)– MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) today announced that it has completed the sale of two properties to Treehouse Real Estate Investment Trust, Inc. (“Treehouse”) with gross proceeds of approximately $33.5 million and net proceeds of approximately $30.6 million after repayment of debt.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190314005281/en/

Rendering of Desert Hot Springs facility (Graphic: Business Wire)Rendering of Desert Hot Springs facility (Graphic: Business Wire)

“This is our second transaction with Treehouse and we’ve now freed up nearly $49 million to invest directly into our growth initiatives,” said Adam Bierman, MedMen’s chief executive officer and co-founder.

The properties are comprised of a retail storefront in Las Vegas, Nevada and a cultivation, manufacturing and production facility in Desert Hot Springs, California.

The Las Vegas property is located on Highland Drive near the Las Vegas Strip. The store is scheduled to open later in calendar year 2019. The property is 10,417 square feet and will feature a 30’x70’ LED glass store front. It will be the Company’s largest store to date. Las Vegas ranks as one of the world’s most visited tourist destinations, with more than 42 million visitors in 2018, according to Statista. Nevada legalized adult-use sales in 2017 and revenue for calendar year 2019 are projected to exceed $600 million according to Cowen, Inc. MedMen currently operates three stores in Las Vegas.

The Desert Hot Springs, California, property is comprised of an approximately 45,000 square foot, state-of-the-art Dutch greenhouse offering complete climate control and including manufacturing and production capabilities. The facility recently received its certificate of occupancy and is expected to commence producing the Company’s in-house brands later this year.

ABOUT MEDMEN:

MedMen is a cannabis retailer with operations across the U.S. and flagship stores in Los Angeles, Las Vegas and New York. MedMen’s mission is to provide an unparalleled experience that invites the world to discover the remarkable benefits of cannabis because a world where cannabis is legal and regulated is a safer, healthier and happier world. Learn more at www.medmen.com.

ABOUT TREEHOUSE:

Treehouse Real Estate Investment Trust, Inc. is an externally managed real estate investment company organized in 2018 focused on the acquisition, ownership and management of specialized retail and industrial properties leased to experienced, state-licensed operators for their regulated adult-use and medical-use cannabis facilities. Treehouse will initially be externally managed and advised by an affiliate of MedMen Enterprises Inc. Visit http://www.treehousereit.com.

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