Assets Under Management & Supervision*
Years of Real Estate Investing
in Transaction Volume Sourced in 2024
12/31/2024; *inclusive of $7.8B of AUM and $100.8B of AUA/AUS
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 Downtown
Description
A stabilized portfolio of four mixed-use multifamily and retail assets (126 residential units and 11k square feet of ground floor retail) located in Manhattan, NY.
Why it matters
New York City is experiencing a vast undersupply of multifamily products, with vacancy rates in the low-single digits, including <1% vacancy rate for rent-regulated buildings. Due to the high cost of construction coupled with regulatory challenges, new supply is expected to stay muted in New York City.
The HL advantage
Through our relationships and network, we were able to access an off-market portfolio of well-located NYC mixed-used assets alongside a local operator at attractive pricing, utilizing positive leverage.The bottom line
The assets are all located in prime New York City neighborhoods, characterized by strong rental demand, occupancy levels and rent growth. We negotiated an attractive purchase price and assumed accretive in-place financing below market rates. Project Downtown is an example of a unique opportunity to access one of the strongest multifamily markets in the U.S. at a very compelling basis.
Project Heights
Description
A two-property apartment portfolio consisting of 702 units located in the Lower Heights neighborhood of Houston, TX. The properties were built by a national apartment developer in 2021 with Class A level finishes and amenities.
Why it matters
This is a best-in-class apartment community in a highly walkable and amenitized submarket of Houston that has seen rapid population growth. Our entry price of $196k/unit represents an attractive discount to the prior owner’s 2021 purchase as well as the property’s estimated replacement cost, which was made possible because of the seller’s need for liquidity in the face of a looming loan maturity.
The bottom line
We believe this investment is an example of a unique opportunity that is available because of our deep relationships, detailed focus on individual market dynamics and nimble approach to investment sourcing. We see this opportunity as an example of the highly attractive market opportunity to buy high-quality assets at attractive yields and achieve opportunistic returns through core-like risks.The HL advantage
We have a long-standing relationship with the sponsor and are known in the market as a thoughtful and flexible capital provider, capable of underwriting transactions within an abbreviated period of time.
Primary Fund Commitment
Who they are
A U.S.-based logistics real estate manager that seeks to invest in transportation-advantaged assets located within the top global distribution and logistics markets.
Why it matters
With the growth of global logistics, e-commerce and goods distribution comes the need for high-quality logistics facilities that facilitate the movement of goods through supply chains to the end consumer.
The bottom line
We recognized this manager as a logistics specialist with deep sourcing and operational capabilities as well as an institutional platform from which to build repeat portfolios of supply chain logistics real estate.The HL advantage
We participated in the manager’s first institutional fundraise in 2014 and has worked on every U.S. and European fundraise to date including a commitment to its most recent offering.