HPI Real Estate Fund V Fully Subscribed at $115 million

January 10, 2018

HPI Real Estate Fund V Fully Subscribed at $115 million

January 3, 2018 | Hamilton Point Investments


Hamilton Point Investments LLC today announced the close of HPI Real Estate Fund V LLC, a Reg D real estate private equity fund that raised $115 million and will acquire, with leverage, approximately $300 million of multifamily apartment properties. The fund has closed on seven assets and has two more under contract to close over the next 30 days.

HPI raised the fund in from 1,365 individual accredited investors brought in through 27 independent broker dealers and 9 RIAs.

“Hamilton Point Investments’ capital raising nearly doubled in 2017, which is strong when you consider that REIT and BDC sales dropped substantially during the year,” remarked HPI co- founder David Kelsey. “However, we’ve got a strong track record of going full-cycle with our first three funds, all with mid-teens IRRs net to investors. Not so much with most of the REITs and BDCs.”

“We don’t have an army of wholesalers”, noted co-founder Matt Sharp. “Our two teams, Todd Williams and Randee Soriano on the west coast plus Scott Farrington and Chrissy Martel on the east coast, raised $115 million in ten months. We also have Nick Detorie in Key Accounts working to selectively expand and interact with our selling group members. That’s it in terms of equity raising professionals.”

Hamilton Point Hamilton Point Investments LLC is a real estate investment company based in Old Lyme, Connecticut that owns and manages multifamily apartment properties. HPI invests through a series of real estate private equity investment funds. The company’s funds and affiliates have acquired 12,000 apartment units since 2009.

Hamilton Point Investments LLC 2 Huntley Road
Old Lyme, CT 06371
860 598-4300 www.hamiltonptinv.com



Learn more about Hamilton Point Investments LLC on the Blue Vault Sponsor Focus page.

Click Here


Print Friendly, PDF & Email
Go Back
default image

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.

Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC. July 7, 2015