Assets Under Management & Supervision
Years of Real Estate Investing
Annual Transaction Volume Sourced
As of June 30, 2024
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
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.
Project Durham
Who they are
A leading residential and mixed-use developer focusing on high-growth locations within large employment nodes in Southeastern U.S.
Why it matters
We recognized the multifamily real estate sector in the Raleigh-Durham area as an underserved, high-demand opportunity and made a co-investment in an existing mixed-use property with buildable space to build Class A, best-in-class apartments to cater to local educational and employment-driven demand.
The bottom line
We invested in the mixed-use asset in 2015 and participated in the development of a Class-A, high-quality, 257-unit multifamily building with institutional-quality amenities. The development was built on-time and within budget, leased up at above-underwritten rents, and was sold in 2022 for a return that exceeded underwritten projections.The HL advantage
We were able to utilize our deep network of manager relationships and local real estate owners to successfully source, diligence and execute, which proved to be a successful investment with steady demand drivers and upside potential
Primary Fund Commitment
Who they are
A U.S.-based private equity real estate manager that focuses exclusively on demographics-driven real estate sectors, including medical office, senior housing and self-storage assets
Why it matters
Niche real estate sectors are a rapidly growing component of real estate benchmarks and one that typically requires a deeper level of operational capabilities, which in the case of senior housing, creates a less competitive environment relative to traditional sectors. The niche sectors of medical office and self-storage have historically been owned by private capital which has created opportunities for institutional capital to aggregate portfolios to unlock portfolio premiums.
The bottom line
We have relationships with a variety of allocators and operators within the niche property space. By investing with this manager, we were able to invest in an attractive and diversified portfolio of assets with demographically driven demand drivers that are expected to grow in the future.The HL advantage
Our deep relationships enable us to invest in strategies that are most aligned with our capital base, while maximizing return and minimizing risks. We believe our ability to uncover the best managers and find off-the-run investment themes is a competitive advantage that will lead to long-term outperformance.