Steve Gates is Managing Partner of Edison Capital Holdings where he co-directs all aspects of the firm’s activities.
Mr. Gates also serves as a member of the Edison Capital Holdings Investment Committee having invested institutional capital for over 25 years. Prior to founding Edison Capital Holdings, he was Fund Managing Director at Building and Land Technology (BLT), a vertically integrated private real estate company based in Stamford, CT. He joined BLT as a co-Managing Director of the Dallas office in early 2014 where the team invested over $410MM of fund equity in $1.5B of transactions.
Steve began his real estate career in 1986 and has had a sole focus on joint venture equity investments since 2000. Prior to BLT, Steve was Senior Director, U.S. Equity Investments for General Electric Real Estate where he spent 21 years of his career. He and Chris were charter members of the team that established the GE JV equity platform in 2000 and were consistently top performers in the program. As a byproduct of both the GE and BLT JV equity focus, the Edison team has deep relationships with blue chip operators in various product types nationwide. Since 2000, he has invested $710MM of real estate equity in $3.2B of transactions.
From 2009 thru early 2014, he served as the Portfolio Manager of a $2.9B joint venture portfolio with $750MM of invested GE equity. The portfolio consisted of 100 assets (including 30M apartment units) in 20 different JV partnerships. He represented GE on all major partnership decisions including refinancings, restructures and sales while 15 GE asset managers handled the day-to-day operations. From 2009-2011, he renegotiated the debt on 32 different deals and during 2012-2013, he led the disposition of $784MM of assets for GE.
From 2000-2008, he was GE’s top joint venture equity originator investing $535MM of GE equity in 46 transactions (101 assets) with a total cap of $2.3B. During that time, he placed GE equity into partnerships holding 29M apartment units, 1.6MM sf of retail and 900M sf of industrial. During the 1990s he originated a variety of debt products for GE including high leverage participating debt, participating standby loans and on-book debt in all product types.
Steve is a graduate of the University of Louisiana – Monroe (BBA) and Southern Methodist University (MBA).