Proteus MHP announced a $60M equity commitment from GCM Grosvenor (GCMG). The investment is being made by GCM Grosvenor’s Real Estate platform through various GCM Grosvenor-managed investment vehicles. The capital will be used to launch a programmatic joint venture with Proteus MHP, providing more than $150M of buying power to acquire and operate manufactured housing communities across the United States. Founded in 2022 by Bowen Hsu and Marcus Consunji, Proteus MHP is a vertically integrated owner-operator focused on acquiring and improving quality, attainable housing. The firm currently owns and operates 21 communities across the Southeast and Great Plains and has three additional assets under contract that will serve as the foundation for this new partnership.
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