The Hampshire Companies Announces Acquisition of 30 American Financial Realty Trust Properties in 14 States

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The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at more than $1 billion, today announced the acquisition of a 30-property portfolio of free-standing retail facilities in 14 states, predominantly along the East Coast. In the aggregate, the acquisition totals more than 230,000 sq. ft.

The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at more than $1 billion, today announced the acquisition of a 30-property portfolio of free-standing retail facilities in 14 states, predominantly along the East Coast. In the aggregate, the acquisition totals more than 230,000 sq. ft. The properties will be folded into two of Hampshire’s private equity investment funds, Hampshire Partners Fund VI, LP and The Hampshire Generational Fund, LLC.

The asset consists largely of excess Bank of America branch inventory, but also includes a few sites in which Bank of America remains in occupancy. Hampshire’s strategy for the properties is threefold: Those operating under Bank of America leases will be folded into an investment portfolio; others will be renovated and offered for lease as bank branches or retail facilities; and the remainder will be re-developed in consideration of their highest and best use, in relation to the market.

This portfolio includes 30 properties in 14 states, totaling more than 230,000 square feet in prime retail locations:

  •     4 properties in North Carolina
  •     3 properties in Virginia
  •     3 properties in Georgia
  •     3 properties in New Jersey
  •     3 properties in Mississippi
  •     2 properties in Maryland
  •     2 properties in Missouri
  •     2 properties in South Carolina
  •     2 properties in Tennessee
  •     2 properties in Alabama
  •     1 property in Pennsylvania
  •     1 property in Illinois
  •     1 Property in Washington
  •     1 property in New Mexico

The offering was made on behalf of American Financial Real Estate Trust by the Jones Lang LaSalle team of Guy Ponticello, Senior Vice President and Suzanne Martinez, Vice President in the Chicago office, as well as Thomas Benneville, Managing Director in their New York office.

“The acquisition of this extensive portfolio on behalf of our investment funds represents the core of our investment strategy, namely to actively seek out well-located facilities that provide value add opportunities and maximize returns for our investors,” commented Norman A. Feinstein, Executive Vice President of The Hampshire Companies.

“This portfolio acquisition demonstrates our extremely competitive position relative to our competitors, in that we are able to quickly commit to opportunistic real estate investments and close on them in an expedited manner, because we have discretionary capital at our fingertips,” commented Feinstein.

The Hampshire Companies is noted for its strategic vision and superior execution. “We have built our firm on the belief that real estate is both an art as well as a science,” said James E. Hanson II, President and Chief Executive Officer of The Hampshire Companies. “Our strategic vision – the ‘art,’ so to speak, allows us to seek out superior investment opportunities for our funds, and to visualize opportunities where others see only challenges. The ‘science’ is revealed in our ability and resources to execute on our strategic vision faster and with better results than most other real estate firms.”

The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com.

Media Contact:

John Lonsdorf, R&J Public Relations

(908) 722-5757

Jlonsdorf@RandJpr.com

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John Lonsdorf