HIG Realty Partners launches loan secured by 452-unit multifamily property in Fort Worth, TX

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NEW YORK — HIG Capital (“HIG”), one of the world’s leading alternative investment firms with $48 billion in equity under management, is pleased to announce that its subsidiary, HIG Realty Partners, has issued a loan to fund Centreport Lake Apartments, a 452 apartment complex located in Fort Worth, Texas.

The property is being acquired by Marlin Spring, a Toronto-based real estate investment firm that strategically acquires, develops, builds and repositions assets throughout North America. Marlin Spring will execute a capital improvement strategy that will include in-unit upgrades and equipment sets. The property is well located, close to downtown Fort Worth and downtown Dallas, and provides tenants with proximity to all employment centers in the area.

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“We are thrilled to be part of this well-located property,” said Michael Mestel, Managing Director of HIG Realty Partners. He added, “We can’t wait to see Marlin Spring’s vision come to fruition and create an apartment product that we hope will be well received.”

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 $48 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 a leading global alternative asset investment firm with $48 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, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium-sized enterprises, using a flexible and operations/value-oriented system. added approach:

  1. HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
  2. 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.
  3. HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
  4. HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.

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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.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220322005261/en/



Michael Mestel
General manager

Jeff Wiseman
General manager


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