GONEN FUNDS, the diversified family enterprise with a five-decade track record in global industries, today announced the formation of the GONEN FUNDS REAL ESTATE FUND. This dedicated investment vehicle is specifically capitalized to drive the unique, mixed-use development strategy supporting the global rollout of the G1NBC broadcast system.
The fund’s signature investment will be the development of G1NBC Buildings across the USA and globally. These vertically integrated hubs represent a new paradigm for urban real estate, merging media infrastructure with community engagement and residential living.
The Vertical Integration Strategy
Each G1NBC Building is designed as a multi-functional anchor in its local market:
- Broadcast & Studio Operations: The lower floors will house state-of-the-art broadcast studios for the G1NBC system, reinforcing the fund’s commitment to its media holdings and supporting local hometown media outlets.
- The City Press Club: The ground and mezzanine levels will feature the City Press Club—an eatery, entertainment venue, and exchange. This concept serves as a vibrant community gathering space, fostering interaction and connectivity among residents, business professionals, and the public.
- Residential Towers: The top floors will be dedicated to modern apartments, creating a consistent revenue stream and adding desirable housing to urban cores.
Joseph Malik, GONEN FUNDS Real Estate stated, “This is a strategic combination of our core strengths in real estate, building, and media. We are not just building structures; we are building vibrant communities that directly support the G1NBC broadcast ecosystem.
The G1NBC Building concept offers unparalleled stability, fusing commercial utility, community engagement, and residential demand into a single, high-performing asset.”
The GONEN FUNDS REAL ESTATE FUND is poised to begin site selection immediately, targeting key metropolitan areas in the United States, with a clear goal to expand the model globally. The initiative positions the fund at the intersection of media technology and resilient real estate demand.
About GONEN FUNDS REAL ESTATE FUND:
A specialized fund under the GONEN FUNDS umbrella, dedicated to acquiring, developing, and managing mixed-use properties designed to host the G1NBC broadcast system, the City Press Club, and residential apartments. The fund focuses on building durable, income-producing assets that anchor local media operations worldwide.
