Hamilton Point Investments Fully Subscribes $196 Million HPI Real Estate Fund XII
Hamilton Point Investments LLC, a real estate private equity firm, announced the close of HPI Real Estate Fund XII LLC. Launched in March 2023 seeking to raise up to $150 million from accredited investors, the fund ultimately raised $196 million through 32 independent broker-dealers and 18 registered investment advisers. The equity has been fully invested in eight multifamily properties totaling 2,118 apartment units.
Hamilton Point Investments owns and manages multifamily properties, hotels, student housing, and manufactured housing communities. It raises equity from accredited individual investors in a series of closed-end real estate private equity funds.
“Now is a really good time to be buying,” said Matt Sharp, Hamilton Point Investments co-founder. “Property values in certain Sunbelt markets have been hit hard due to combined impacts of overbuilding and the interest rate spikes. However, population growth is strong, and that oversupply will be absorbed by 2026.”
“Not much new construction will come online there over the next few years,” Sharp added.
“We are pleased with the equity raise in Fund XII,” said J. David Kelsey, co-founder and managing principal of Hamilton Point Investments. “It was again well above initial targets and consistent with previous years despite alternative direct investments, especially non-traded [real estate investment trusts], struggling to attract new investors. Our longtime capital team led by Todd Williams did a really nice job.”
Since inception in 2009, Hamilton Point Investments has acquired nearly $3.5 billion of real estate, including more than 32,000 apartment units. The company has sponsored 13 real estate funds and seven Delaware statutory trust offerings. Fourteen of those offerings have gone full cycle, with weighted average internal rate of returns net to investors of over 18%. The company will be launching HPI Real Estate Fund XIV LLC later this month as a Reg D 506(c) offering.
Hamilton Point Investments LLC is a real estate owner and manager with a portfolio spanning multifamily properties, student housing, hotels, and manufactured housing communities. It deploys capital raised through investment funds from accredited individual investors via a network of independent broker-dealers and registered investment advisers. The firm has acquired more than 155 properties.
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