VanRock GSP Fund The ideal investment

Achieve 10% Preferred Returns With Our Strategically Managed Real Estate Fund In The Southeast
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Expert Management
Led by seasoned professionals with a proven track record
Stability               
Invest in multifamily and single-family developments in market
Growth Potential
Leverage economic growth in the Carolinas for profitable returns

VanrockGSPFund- the Ideal Investment

ProvenSponsors

Industry Experts local to Greenville-Spartanburg with a proven track record.

GrowthPotential

Benefits from the areas strong economic fundamentals and population growth.

CONSERVATIVEUNDERWRITING

VanRock's conservative underwriting and opportunistic deal flow ensure minimized risk and maximized returns

Appreciation

Strategic locations and value-add opportunities contribute to potential price increases.

Diversification

Offers a mix of property types and locations within the Greenville-Spartanburg area.

ImmediateCashFlow

Generates rental income from stabilized properties.
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GSPFund-Diversification and Growth

VillageGroveTownhomes

Village Grove adds to the GSP Fund with the development, and operation of a 95 Unit townhome for rent community located in the City of Spartanburg. Located along N. Church St., Village Grove is designed as the gateway into Downtown Spartanburg and is adjacent to Wofford College, the Hospital System, and continued City led redevelopment. Project Start: September 2024 Project Completion: January 2025 Stabilization: May 2026
  • Development: 95 townhomes with a 10-year tax abatement.
  • Location: Redevelopment area near a baseball stadium, hospital, and top-rated schools.
  • Economic Growth: Spartanburg has $1.1 billion in capital investment in 2023 and over 230 international companies.
  • Project Start: November 2024
  • Project Completion: January 2026
  • Stabilization: May 2026
  • Hold Period: 5-7 Years
  • YOC: 7.26%
  • IRR: 22%
  • EM: 2.2x
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The Townes at Converse

The "Townes at Converse" is a premier townhome development completed in 2024 and located in the vibrant City of Spartanburg, South Carolina, adjacent to Converse College. This acquisition is poised to capitalize on Spartanburg’s robust economic growth, which includes significant capital investments and downtown redevelopment efforts. The Townest at Converse is an 81 unit townhome development consisting of all 3-bedroom 2.5 bath townhome units.
  • Desirable Location: Located in the highly sought after Converse Heights area.
  • Strong Economy: Spartanburg is experiencing a significant economic upswing, marked by a $1.1 billion capital investment in 2023 alone.
  • Day 1 Value With a Purchase Price of $19.5 million and a replacement value of $24.5m, the GSP Fund will see Day 1 value in the acquisition of The Townes of Converse.
  • Investment Highlights: Estimated IRR: 22% Equity multiple: 2.2x Stabilized NOI: $1.5 million; Year 2 Cash on Cash 9.9%.
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The Townes at Converse
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LibertySquare

VanRock Holdings is pleased to present an exclusive investment opportunity in Liberty Square, a value-add multifamily investment located in the heart of downtown Spartanburg’s Central Business District (CBD) at 100 Hudson Barksdale Blvd, Spartanburg, South Carolina. The acquisition of Liberty Square and renovation of the 40 unit community will allow the GSP Fund to leverage the property's prime location and take advantage of Spartanburg's growth and appreciation.

Investment Highlights:

  • Purchase Price: $5 million ($125,000 per unit).
  • Renovation Budget: $1.5 million.
  • Total Capitalization: $6.5 million.
  • Capital Raise: $2 million.
  • Projected Returns: 20% IRR, 25% Capital Repayment in 24 months; 2.5x Equity Multiple

Additional Details:

  • Tax Abatement: Utilization of affordable housing incentives to secure additional property tax abatements and increase cash flow.
  • High Growth Location: Adjacent to $500 million in City redevelopment including the new baseball stadium and entertainment district.
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Liberty Square Aerial Rendering
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IFTHISINTERESTSYOU, THE VANROCK CAPITAL GSP FUND IS YOUR PERFECT MATCH

  • Diversification in multiple cash flowing properties
  • Taking part in financial benefits usually reserved for GPS and Sponsors
  • Own in a quickly appreciating market
  • Regular income from your investment.
  • Safeguard your initial investment.
  • Benefit from managed and minimized investment risks.
  • Take advantage of favorable tax benefits.

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COREASSETS&STRATEGIC FOCUS

Build & Renovate To Sell
Led by seasoned professionals with a proven track record
Single Family Lot Development
Development and sale to national homebuilders
New Construction
Build to-rent single-family homes and communities
Multifamily
Build To Rent
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MEETTHEVANROCK HOLDINGS TEAM

Together, we strive to provide our investors with superior returns and a secure, profitable investment experience.

MEET THE VANROCK HOLDINGS TEAM

At VanRock Holdings, we aim to deliver premium returns to our investors while ensuring remarkable experiences for all current and future owners and tenants. Our success is driven by a team of seasoned professionals with diverse expertise in real estate development, investment, and management.
Together, we strive to provide our investors with superior returns and a secure, profitable investment experience.
$M+
Assets Under Management
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Units Under Development
$M+
Assets Under Development

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STAN GENDLIN

Co-Founder

Throughout Stan’s thirteen years in real estate, he has grown and maintained a lucrative portfolio. Since 2016, Stan has been investing in multi-family properties. His first multi-family investment project was developing raw land into a thirty-three home subdivision in the city of Greenville. Not only does he have extensive transactional real estate experience, he also owns and operates a residential construction business. In his construction business, he has built hundreds of homes across the Upstate of South Carolina. He owns a residential portfolio that includes one-hundred and fifty properties. Stan’s exceptional portfolio of profitable investments paired with hisreal estate knowledge and customer-driven personality allows for him to create success in every opportunity.

STAN GENDLIN

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BRYAN DE BRUIN

Co-Founder

Bryan utilizes his expertise to negotiate and structure the acquisition and development of future projects for VanRock while procuring the necessary entitlements for development. Bryan has an extensive legal background in private practice representing clients in mergers and acquisitions, real estate entitlement and development, complex partnership structures, and commercial finance for VanRock’s acquisition and development projects. For the past eight years, Bryan has represented companies ranging from international corporations to privately owned family business in the purchase and sale of assets to include real property and companies. Providing solutions from raising funds from debt, equity partnerships, and asset sales has allowed Bryan to provide actionable solutions to his client’s many objectives.

BRYAN DE BRUIN

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Jenny Reyes

Director of Operations

Jenny Reyes serves as the Director of Operations for VanRock Holdings. With a unique background that blends a degree in Communications and extensive experience in design, Jenny brings a fresh perspective to the operational leadership of the firm. Jenny oversees the day-to-day operations, focusing on optimizing processes and implementing strategic initiatives that promote growth and operational excellence. Her career began in the design industry, where she developed a strong foundation in project management and creative problem-solving. This experience has proven invaluable in the real estate sector, where she leverages her design thinking skills to create functional and aesthetically pleasing environments. She is dedicated to fostering a collaborative work environment and driving continuous improvement across all facets of the firm.

JENNY Reyes

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RUSSELL TRULUCK​

Director of Construction

Russell Truluck serves as the Director of Construction at VanRock Holdings, bringing over 20 years of experience as a seasoned contractor to the firm. With a rich background in managing all levels of construction projects, Russell has been instrumental in expanding VanRock’s construction capabilities and enhancing its project delivery standards. Throughout his career, Russell has demonstrated exceptional skills in project management, team leadership, and quality assurance. His deep understanding of the construction industry, combined with his hands-on approach, ensures that every project is completed to the highest standards of excellence and within budget and schedule constraints. VanRock Holdings, Russell is responsible for overseeing all single-family construction activities, from initial planning and design to execution and completion. His leadership has been pivotal in driving the firm’s growth, allowing VanRock to undertake more ambitious and complex projects. Russell’s commitment to innovation and efficiency has enabled the firm to continuously improve its construction processes and deliver outstanding results for its clients.

RUSSELL TRULUCK