Investor · Developer · Operator
A Birmingham-based sponsor of multifamily, self-storage, and historic mixed-use investments.
*Reflects the principals' combined transaction experience, inclusive of investments completed prior to founding GEP.
Who We Are
Gladstone Equity Partners is a Southeast-focused real estate investment and development firm headquartered in Birmingham, Alabama.
We acquire, develop, and operate institutional-quality assets across multifamily, self-storage, and historic mixed-use redevelopment, capitalized through a network of accredited limited partners and senior lenders.
As principals, we invest alongside our partners and hold each asset through stabilization — aligning our outcomes with theirs.
Investment Strategy
Sustained domestic in-migration to Southeast metros, combined with corporate relocations, is creating durable demand for housing, storage, and adaptive-reuse commercial assets in submarkets with constrained supply.
Build-to-rent, self-storage, and historic mixed-use sit at the intersection of demographic tailwinds and structural supply constraints. Each offers a defensible basis advantage and clear exit thesis.
We invest as principals alongside our LPs, hold every asset through stabilization, and underwrite to various cases and sensitivities.
Product Types
Concentrated expertise across four product types where our underwriting, capital relationships, and execution capability create a durable advantage.
Ground-up development and acquisition of multifamily communities in growth submarkets, with a particular focus on Class-A build-to-rent — horizontal communities that deliver single-family living with multifamily operating efficiency.
Acquisition and development of climate-controlled, drive-up, and marine storage in tertiary and resort markets. We focus on supply-constrained trade areas with durable demand.
Adaptive reuse of architecturally significant buildings in core urban submarkets. Federal and State Historic Tax Credit equity layers create outsized returns while preserving community-defining assets.
Development and opportunistic acquisition of well-located mixed-use, multi-flex, retail, and industrial assets where our underwriting identifies clear paths to value creation through ground-up execution, repositioning, or operations.
Portfolio
A selection of GEP's current and realized investments across multifamily, self-storage, and historic mixed-use redevelopment.
Build-to-Rent
Opelika, Alabama
A 163-unit Class-A horizontal multifamily community in the Auburn-Opelika MSA.
Historic Mixed-Use
Birmingham, Alabama
Adaptive reuse of an architecturally significant building in downtown Birmingham into 39 residential units over ground-floor commercial.
Historic Mixed-Use
Birmingham, Alabama
Adaptive reuse of the 140,000 SF former American Red Cross Building (1919) into 192 residential units over ground-floor commercial.
Historic Mixed-Use
Birmingham, Alabama
Full historic renovation of the 1925 American Life building into 140 residential units.
Self-Storage
Jasper, Alabama (Smith Lake)
Combined boat, RV, and drive-up self-storage facility in the Smith Lake recreation submarket.
Self-Storage
Birmingham, Alabama
Drive-up, non-climate self-storage facility serving the Birmingham MSA.
Multifamily
Birmingham, Alabama
Value-add repositioning of a 96-unit workforce housing portfolio in Birmingham's emerging Uptown submarket.
Multifamily
Birmingham, Alabama
Value-add renovation of a 14-unit, 1967 apartment community in Birmingham's Highland Park neighborhood.
Multifamily
Birmingham, Alabama
Value-add renovation of a 4-unit apartment community in Birmingham.
How We Work
Every deal moves through the same disciplined process — from sourcing to exit.
Off-market and lightly-marketed deals through local broker, lender, and operator relationships across the Southeast.
Standardized pro forma by asset class, with documented downside sensitivities and stress tests against a defined base case.
Investment Committee approval, equity syndication, and senior debt placement with vetted lender partners.
Hands-on asset and construction management. Monthly variance reporting against budget and pro forma.
Refinance or disposition aligned to the defined hold thesis, with the exit window evaluated annually.
Our People
Real estate is a relationship business.
Partner & Co-Founder
Brad founded GEP and leads sourcing, deal sponsorship, capital partner relations, and asset management. Previously Investment Associate at a Birmingham-based real estate investment firm — involved in more than $400 million of multifamily acquisitions and development. B.S. Finance with a real estate concentration from Auburn University.
Partner & Co-Founder
David is Co-Founder of GEP and leads the firm's capital markets activities, including debt and equity raises for new investments alongside portfolio management across GEP's holdings. Previously Vice President at a Nashville-based structured capital firm — involved in more than $500 million of principal invested. Master of Accountancy and B.S.B.A. in Accounting from Auburn University. CPA (inactive).
Operating Partner
Graham leads owner-side project delivery across GEP's investments, overseeing construction execution, budget and schedule, and on-the-ground coordination with general contractors and design teams. He is Founder & Principal of B3 Development Services, with owner-side delivery experience spanning build-to-rent, historic tax credit, and mixed-use development. He is actively engaged on The Yeilding and Cottages at Fox Run projects. Master of Building Construction and B.S. in Finance from Auburn University.
News
Recent coverage of GEP’s investments.
A vintage-inspired sign is installed on the former Yeilding’s department store as its conversion into 39 residential units over ground-floor commercial nears completion.
Read article →The historic Yeilding building, Birmingham’s first department store, is being converted into residential units over ground-floor commercial.
Read article →An update on construction of The Yeilding, the historic redevelopment of Birmingham’s first department store.
Read article →Market Lofts on Third, the 192-unit adaptive reuse of the former American Red Cross Building, completes a $20 million refinancing.
Read article →A look inside the historic tax credit conversion of the former Yeilding department store in downtown Birmingham into residential units over ground-floor commercial.
Read article →Construction financing closes on the conversion of the long-vacant American Red Cross Building into Market Lofts on Third.
Read article →The sale of Highland Cliffs, a 14-unit value-add apartment community in Birmingham’s Highland Park neighborhood.
Read article →Work begins on the $33 million renovation of the former Red Cross headquarters, vacant since 1999, into Market Lofts on Third.
Read article →The vacant five-story former Red Cross headquarters on Third Avenue North is set to become 192 apartments.
Read article →Investor Portal
A secure, on-demand portal for existing GEP investors — quarterly statements, K-1s, capital activity, and document library in one place.
In the interim, existing investors can request current statements, tax documents, and capital activity through our contact form — select Existing partner. Requests are typically returned within one business day.
Capital account reconciliation, contributions, distributions, and unrealized performance.
K-1s delivered by March 15 each year, with year-over-year history.
Notices, wire instructions, commitment tracking, and a complete history by deal.
Subscription documents, operating agreements, PPMs, side letters, and due diligence files.
Get in Touch
Whether you're an existing partner, a prospective investor, or a sponsor exploring a co-GP arrangement, we welcome introductory conversations.