GTIS Partners has rebranded as Brightshore Capital and launched a real estate debt platform anchored with $250m (£185.3bn).

The 21-year-old real estate investment firm has rebranded following its transition to 100 per cent ownership by the firm’s partners, it said.

It comes as the manager has also launched Brightshore Credit, which will focus on originating and investing in high-yield real estate debt, including stretch senior and mezzanine financings, preferred equity and B-notes, the firm said.

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“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,” said Tom Shapiro, president and founder of Brightshore Capital.

Overall, Brightshore manages $5.6bn in assets, with a focus on residential and industrial investments in the US, as well as residential, industrial, office and hospitality investments in Brazil.

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Alongside the expansion of its investment platform, the firm  stated that it has also grown its existing strategies, including the investment and management of the Brightshore homebuilding and master plan development strategy through its $750m joint venture with the California State Teachers’ Retirement System.

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