NEW YORK–(BUSINESS WIRE)–January 18, 2022–
HIG Capital (“HIG”), a leading global alternative investment firm with over $47 billion in equity under management, is pleased to announce that its subsidiary, HIG Realty Partners, has issued a loan to fund 224 Logistics Park (the “Property”), a 1MM SF industrial warehouse complex located in Milwaukie, OR, 9 miles southeast of downtown Portland.
The loan was made to a joint venture between Specht Development, Inc. and a global institutional investment firm (the âSponsorâ). The property is considered best in class close to major highways, Portland International Airport and Portland Harbor.
âWe are delighted to finance one of the leading properties in Portland’s industrial market, where supply is limited,â said Michael Mestel, Managing Director of HIG Realty Partners. He added, “The sponsor has already created tremendous value in a short time, and we look forward to being part of its continued success.”
About HIG Realty Partners
HIG Realty Partners is the real estate platform of HIG Capital, one of the world’s leading alternative asset investment firms with over $47 billion in equity under management. HIG Realty Partners manages $8.2 billion in assets and focuses on small to mid-cap real estate, targeting both equity and debt investments in all types of properties located in the United States, Europe and Latin America. Debt investments include senior bridge loans, mezzanine loans and preferred shares secured by properties and bridging portfolios. Equity investments focus on acquiring value-added assets, using a hands-on, operations-focused approach that seeks to generate substantial cash flow and asset appreciation by rehabilitating, redeveloping, repositioning and rebranding assets that have been starved of capital and/or ill-equipped. managed. For more information, please visit the HIG website www.highcapital.com.
About HIG Capital
HIG is one of the world’s leading alternative asset investment firms with over $47 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, BogotÃ¡, Rio de Janeiro and SÃ£o Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operations-focused/value-added approach:
- HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
- HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
- HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
- HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.
Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at www.highcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220113005902/en/
CONTACT: Michel Mestel
KEYWORD: OREGON NEW YORK UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: ARCHITECTURE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE FINANCE BANKING PROFESSIONAL SERVICES OTHER BUILDING & RESIDENTIAL REAL ESTATE BUILDING & REAL ESTATE
SOURCE: HIG Real Estate Partners
Copyright BusinessWire 2022.
PUBLISHED: 01/18/2022 06:00 / DISK: 01/18/2022 06:02
Copyright BusinessWire 2022.