GH Capital was formed in 2001 as a real estate private equity firm focused on affordable housing investments. Since then it has expanded to other asset classes within real estate, such as market-rate housing, self storage, and development.


Managed by Michael Clark, GH Capital focuses on investing with best-in-class real estate operators and developers, with a primary focus on the affordable housing space. GH Capital is different than many “funds” as its principals own both large and small real estate operating companies themselves. This gives them an enhanced understanding of the unique challenges and risks that operators and developers encounter. Therefore GH Capital is positioned to quickly evaluate and make investments, not only as a limited partner, but also as a general partner, providing co-investment, working capital, and making investments directly into the operating company.







Robert Stern, a partner at GH Capital, is also the Founder and Managing Partner of Castle Hill Investors, a real estate investment firm. He has a 27-year real estate background, encompassing finance, investments, portfolio and asset management, workouts, development and general management.


Previously, Mr. Stern was a Managing Partner of Perry Capital, a multi-billion dollar investment management firm, where he was co-founder and Managing Partner of Perry Real Estate Partners, a global real estate private equity vehicle. Prior to that, Mr. Stern served as a Managing Director of Blackacre Capital Management, the real estate arm of Cerberus Capital Management, a multi-billion dollar investment management firm. Earlier, he was responsible for the Asset Management division of a privately held, Long Island based commercial real estate firm, and was with Kemper Corporation where he served as a Director and Senior Asset Manager in xxx

Chicago, and Barcelona, Spain, with responsibility for the financing, management, administration and disposition of real estate investments, and a real estate development business unit.


Mr. Stern currently serves on the Management Committee of GHC Housing, one of the five largest affordable housing companies in the U.S, on the Investment Committee of Cocke Finkelstein Inc and affiliate CFLane, a national multifamily owner/operator with over 35,000 units, and on the Investment Committee of Peninsula Investments Group, a Latin America investment business focused on workforce/middle class housing development. He also serves as an Advisory Board member of The Paul Milstein Center for Real Estate at Columbia University. Mr. Stern holds a BA from Connecticut College and an MBA from Columbia University.


15301 Ventura Blvd. Suite B-570
Sherman Oaks, CA 91403