Commingled Funds

Commingled Funds

The firm has raised $13 billion in discretionary capital from some of the largest U.S. and foreign pension funds, corporate plans, insurance companies, endowments, foundations, family offices and high net worth individuals through six closed-end US opportunistic funds, two European opportunistic funds, an open-end core fund and an open-end social infrastructure fund. 

 

U.S. Opportunistic

The Firm has raised six closed-end opportunistic Funds (vintage years: 2007, 2008, 2011, 2013, 2014, and 2016) focused on investing in the education, healthcare and storage segments of the US real estate market. The Opportunistic Funds drive value through developing assets or repositioning assets by enhancing utilization and/or occupancy which drives assets to higher levels of stabilized NOI. The return profile mostly consists of appreciation with the balance derived from current operating income. To date, the Opportunistic Fund series have sold over 370 assets representing over $6.8 billion in real estate (based on cost).

Core

Launched in 2011, HS believes the open-end Core Fund is the first of its to kind to target stabilized assets exclusively invested in the education, healthcare and storage segments of the real estate market. The Core Fund focuses on income-producing assets to be held for long periods, typically 10 or more years. 

European Opportunistic

The Firm launched it's second European Fund in 2017, which focuses on investments in the student accommodation sector. The Firm's senior leadership brings significant experience investing in European real estate and like the US, the Firm will form partnerships with best-in-class operating partners who are domain experts in the student accommodation sector. 

Social Infrastructure

Launched in 2018, the open-end Social Infrastructure Fund focuses on investments servicing universities, health systems and government users across North America.  It targets high quality assets with an attractive combination of strong current income and long-term growth.