Assets Under Management & Supervision*
Years of Real Estate Investing
in Transaction Volume Sourced in 2024
6/30/2025; *Inclusive of $8.5B in discretionary assets under management and $102.8B in assets under supervision
Nimble, cycle-tested team with a collaborative partnership approach
Our experienced, global team has the expertise to navigate real estate cycles, aiming to provide both clients and partners with capital solutions that meet their specific investment needs. In addition to our 25-year history of providing accretive investment and growth capital across the capital stack to fund managers and fund-less sponsors, the breadth of our platform, depth of our relationships and flexibility to invest across various access points gives us an information advantage when underwriting and executing real estate opportunities.
Focus on top-quality investments and risk mitigation
Our goal is to deliver attractive, risk-adjusted returns across primary fund commitments and transactions, including direct co-investments, joint ventures and secondaries. We partner with top-tier managers, targeting high-quality assets and high-growth locations, and pursue opportunities of various sizes, acting as passive limited partners or active majority partners to meet return targets without undue risk.
Partner-centric solutions provider
We aim to provide our clients with access to top-quality investment opportunities across global real estate markets. Our robust technology platform enhances our decision-making capabilities and, through working alongside our portfolio management team, we provide an analytics-based approach to portfolio construction. With an investment risk profile spanning core to opportunistic, as well as an ability to access and invest in opportunities across the capital stack, we have acted as a supportive, flexible partner solving private capital needs for over 25 years.
Leadership Team
Project Shockwave
Description
The acquisition of a four-building, 201,078 square-foot Class A R&D campus in Santa Clara, California, fully leased to a premier medtech company.
Why it matters
Project Shockwave is 100% leased to Shockwave Medical, a Johnson & Johnson subsidiary, and serves as the company’s global headquarters and sole R&D facility. The asset benefits from specialized buildouts and more than $30 million of tenant-funded capital invested in the property, reinforcing tenant stickiness.
The HL advantage
Through our deep relationship with the local operator, we sourced a differentiated opportunity at a discount to recent comparable sales in a prime Santa Clara submarket favored by leading technology and AI companies.
The bottom line
Project Shockwave offers attractive cash yield, strong credit tenancy and mission-critical real estate in a premier innovation market positioned to benefit directly from the rapid growth of AI.
Project Coral
Description
The acquisition of a high-quality 10-property, 1.1 million square foot grocery-anchored, open-air retail portfolio in Florida and South Carolina alongside a best-in-class sponsor.
Why it matters
Project Coral represents a portfolio of high-quality, grocery-anchored centers across Florida and South Carolina, with seven of 10 assets anchored by Publix, a top-three national grocer with dominant regional market share. The portfolio is 93% occupied with a 5.8-year weighted average lease term and strong necessity-based tenancy. The assets have had very strong grocer sales and are located in affluent submarkets with a strong population and household incomes.
The HL advantage
Through our established relationship with the sponsor, we accessed a unique and high-quality retail portfolio alongside a best-in-class sponsor.
The bottom line
The retail sector can be challenging to access at scale due to smaller transaction sizing; however, our relationship with the sponsor enabled access to an institutional-quality portfolio of scale that provides a compelling risk-adjusted return and cash yield.
Project Patient
Description
The acquisition of a 296-property, 17.9 million rentable square foot high-quality medical office portfolio alongside a best-in-class sponsor.
Why it matters
Project Patient represents a unique portfolio of high-quality medical office buildings, diversified across 36 states and over 1,000 tenants, the majority of which are health-system related. The portfolio has strong occupancy and a long weighted-average lease term, supported by high-quality tenancy. The sponsor acquired this portfolio on an off-market basis at attractive pricing and discount to market trades.
The HL advantage
Through our established relationship with the sponsor, we accessed a unique and high-quality healthcare portfolio alongside a best-in-class sponsor that has deep healthcare expertise.
The bottom line
The medical office sector can be challenging to access due to fragmented ownership; however, through our relationship with the sponsor, we gained access to a large, institutional-quality portfolio that not only provides strong diversification across markets and tenants, but also generates a very compelling return and cash yield.
Investment Briefs
Read our take on the current landscape
2025 Real Estate Market Overview
Our annual Real Estate Market Overview offers a comprehensive look at the trends, challenges and opportunities shaping private real estate today. Spanning key sectors such as alternatives and multifamily, our Real Estate team provides a deep dive into the themes from this year’s report.