US: Gravity Haus, a “social club for the modern adventurer”, has announced a strategic financial partnership with EPR Properties for future acquisitions.
EPR properties focuses on experiential real estate. It is providing US$64.5 million of debt refinancing for Gravity Haus’ current portfolio of six properties. Additionally, EPR and Gravity Haus have entered into an agreement to finance future acquisitions.
Greg Silvers, chairman, and CEO of EPR Properties said: “Gravity Haus is bringing thought leadership to experiential real estate, and continues to demonstrate strong execution of their concepts. We look forward to growing with them as they expand their brand.”
Based in Colorado, Gravity Haus allows all its members and guests to use multiple amenities. These include coworking spaces, gyms with functional and personalized fitness classes, dining options and spas. Members get discounts on hotel stays, on-demand gear rentals and access to events and programming. Non-members are allowed to book and stay at the hotel properties and enjoy most amenities.
Gravity Haus partner and chief investment officer Bryan Fitzgerald said: “Our members are looking for a different way to travel and experience amazing places and this is the next step in helping them do just that.”
Gravity Haus has its locations in Breckenridge, Vail, Winter Park, Truckee, Aspen and Steamboat Springs. The company also plans to add new locations in adventure destinations, as well as urban outposts.
Gravity Haus has invested its existing real estate assets into a fund, called GH Platform 1. The new Platform has access to additional equity capital from investors that is also supported by EPR to capture the growth opportunity and execute future property acquisitions. The platform fund will continue to acquire properties and manage assets that offer risk-adjusted returns supported by Gravity Haus’ operating business model.
Gravity Haus founder and CEO Jim Deters said “Our mission is to enable modern adventure for everyone.”
