New York-based real estate investment firm GTIS Partners LP has rebranded as Brightshore Capital LP. The move marks a new operational chapter following the buyout of its minority partner, GoldenTree Asset Management, in 2025, which transitioned the 21-year-old firm to 100 per cent partner ownership.

Alongside the rebranding, the firm introduced Brightshore Credit, a dedicated real estate debt platform seeded with $250 million in initial capital. The platform will focus on high-yield credit opportunities, including stretch senior and mezzanine financings, preferred equity and B-notes. By selling senior notes, the platform could support more than $1 billion in total transactions.

The strategy arrives as homebuilders face rising construction costs, high interest rates and looming debt maturities. While major asset managers like Apollo Global Management Inc. and Blackstone Inc. have also expanded into residential lending, Brightshore aims to address pressure points in oversupplied Sunbelt markets such as Austin, where projects face refinancing challenges due to lower rents and higher operating expenses.

In addition, Brightshore is expanding its equity investments, particularly through a San Francisco residential recovery strategy. The firm recently acquired around a dozen residential buildings in the city, including The Wilson, a 67-unit apartment building in SoMa.

Brightshore manages $5.6 billion in gross assets across residential and industrial sectors in the US, as well as office, hospitality and industrial assets in Brazil. Its ongoing projects include a $750 million joint venture with California State Teachers’ Retirement System, the launch of a third Opportunity Zones fund, and the 1.1-million-square-foot Campus JK development in São Paulo for Santander Brazil.

Tom Shapiro, President and Founder of Brightshore Capital, said: “The Brightshore name reflects who we are today: a partner-owned investment firm with over twenty years of experience and a long-term commitment to our investors. With the firm now fully owned by the partners who have built and led the business, this is the right moment to establish an identity that is entirely our own and reflects where we are taking the business next.”

He added: “We certainly see growing the platform to several billion dollars, but we’re solely focused right now, not on raising more capital, but doing a really good job investing the current capital that we have.”

Regarding market entry points, Mr Shapiro said: “When we look at an overall deal, we try to figure out where we want to play in the capital stack.”

On San Francisco, he noted: “We very much want to be in the equity in San Francisco because we believe in the upside of where that is. San Francisco is in a massive recovery right now.”

The firm’s executive leadership and core investment approach remain unchanged following the restructuring.