GE Capital Real Estate


 

Business Facts

 

Some interesting facts about GE Capital Real Estate

 

Overview
Relationship Business
Long-term Player
Global Leader

Serving global markets for over 30 years, GE Capital Real Estate is a leading global commercial real estate investment company. We are a unit of General Electric (NYSE: GE). Few institutions have the strength, industry knowledge and global reach of GE.

GE Capital Real Estate's assets are approximately $84 billion, as of September 27, 2009. We have debt and equity activities in North America, Europe and Asia and we are currently launching a global investment management unit. Our activities include direct property acquisition, joint venture partnerships and debt financing. Asset classes include office, multifamily, retail, industrial and hospitality.

In the near term, investment management and debt programs are areas of particular focus.

Relationship Business

  • At GE Capital Real Estate, we are committed to maintaining strong relationships with our tenants. Our tenant survey program allows us to understand what’s important to them to better serve their needs. The surveys are conducted annually around the globe and the feedback helps us to continually improve the way we operate.

  • GE Capital Real Estate uses Lean Six Sigma tools to simplify processes based on customer feedback, making us faster and more responsive to their needs.

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Long-term Player

1950s Completes first real estate transaction
1972 Formally establishes GE Capital Real Estate in US
1986 Enters UK market
1990s Enters Canada, Nordic region, France, Japan and Mexico
Continues global expansion into Western and Central Europe, Asia, Australia and New Zealand
2000 With US $21 billion in total assets, establishes position as one of the largest global participants in the industry
2004

Acquires Haslemere, a European property investment company
Acquires Sophia, the 4th largest public real estate company in France
Acquires Benchmark Group, PLC, a London property investment firm

2005 Enters India through joint venture with Ascendas
2006

Fund investment in China
Acquires Arden Realty, a leading US REIT, for $4.8 billion
First investment in Singapore for $75 million

2008

Completes acquisition of Merrill Lynch Capital Real Estate
Begins to refocus company to meet changing market and customer needs
Launches Investment Management business

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Global LeaderOur portfolio

  • $81.5 billion total assets
    • - 58% debt and 42% equity
  • 11,400 properties owned or financed worldwide
    • 3,000 equity
    • 4,500 core real estate debt
    • 3,900 mid market real estate debt
  • ~160 million square feet of global real estate owned1
  • 5,000 customer relationships with real estate investors, developers and brokers
  • 35,000 tenants
  • 1,950 professionals across 31 markets
  • 230 risk amangers and 650 in global asset management

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1 Excludes multifamily, hotel and parking

updated March 15, 2010

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