Grover Corlew Principals Mark Corlew and Anuj Grover lead one of the fastest-growing, successful and transformational real estate investment management companies in the southeastern U.S. Business partners for more than two decades, Mark and Anuj have steadily built Grover Corlew’s reputation for excellence through a shared strategic long-term vision, lasting client relationships, a pro-active management style and a strong, versatile knowledge of capital markets and real estate cycles.
Roommates at the University of Florida and best man at each other’s wedding, Mark and Anuj’s dynamic friendship and vision for collaboration began years before the Grover Corlew enterprise was realized.
“We drove around together in college and during the early part of our careers admiring properties and dreaming about someday building and owning them ourselves,” said Anuj.
Eventually both took jobs in Atlanta where Mark pursued his passion for real estate and Anuj pursued a career in law, technology and finance before founding the company.
Mark and Anuj blend their professional talents in real estate acquisition and development, asset management and business development working together to build a portfolio of office, multifamily, medical office and retail properties. Together they acquire, transform and operate these properties that are designed with a fresh approach to how we live, work and play.
The company’s proprietary business model, 100+ years of team expertise, and flexible capital structures allows Grover Corlew to modulate its strategy during various phases of the business cycle. This unique and flexible approach has allowed Grover Corlew to consistently provide exceptional value for tenants while attaining superior risk-adjusted returns for investors.
Mark explains the company’s unique approach. “We bring more to the table than the traditional investment manager in our sector. We look for dislocations in the capital markets and value-add opportunities from basic blocking-and-tackling practices, while always considering the underlying value of the dirt. We like opportunities that present more than one business plan, and we have the in-house resources to roll-up our sleeves when warranted.”
Grover Corlew manages a successful portfolio of office, multifamily, medical office and retail properties throughout the southeastern U.S., primarily in Florida.
Office
Grover Corlew successfully renovates and repositions its portfolio of office properties, which has led to the signing of multiple national corporate tenants that have relocated their headquarters to the company’s signature buildings. Several multi-building properties are among Grover Corlew’s current holdings and all offer multiple exit strategies including in some cases major redevelopment opportunities. These include the 21-building, 46-acre Orlando Central office park in Orlando; a five building, 14.8-acre office complex in Alpharetta, Georgia; and Hillsboro Center, a five-building, 14-acre office campus, east of I-95 in Deerfield Beach, Florida.
Multifamily
Look no further than what Grover Corlew developed in Nashville and Tampa as an example of the team’s ability to leverage a deep understanding and appreciation of capital markets. Grover Corlew acquired thousands of multifamily units in 2011 – 2013, staying ahead of institutional capital investors. While under Grover Corlew ownership, each multifamily complex was revitalized and repositioned in the marketplace to earn record rental income, allowing its investors to reap material gains above pro forma.
As the southeastern U.S. continues to see population growth and further land constraint, the company will pursue multifamily opportunities by strategically converting infill sites into a thriving portfolio within the next decade.
Medical Office
Grover Corlew has historically and continues today to develop state-of-the-art medical facilities, including seven surgery and medical centers in Atlanta, with the most recent set for completion in early 2021.
Opportunistic Retail
With Grover Corlew’s opportunistic retail strategy, the company has repositioned regional and neighborhood centers attracting national tenants including Ross Dress for Less, Burlington, West Marine, Eyeglass World, Mattress Firm, Hibbets Sports, WellMed, Jimmy Johns, Supercuts and other nationally recognized retailers.
Additionally, Grover Corlew has acquired, developed and sold various outparcels to single-tenant users including Wawa, Popeyes Louisiana Kitchen, MedExpress and Cumberland Farms.
Grover Corlew has made substantial investments in communities throughout the southeastern U.S. Building on its growing portfolio in excess of $1 billion in development, value add and core plus investments, Grover Corlew will lean on its expertise and market knowledge to expand in the future by acquiring and developing properties in strategic markets.