Morristown, NJ (PRWEB) September 26, 2007
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, announced the launch of Hampshire Partners Fund VII ("Fund VII"), a commingled, discretionary value-added real estate investment fund targeted at institutional investors. The Fund raised $350 million from 20 investors; including endowments, foundations, and public/private pension funds. The goal of Fund VII is to produce superior risk-adjusted investment returns through the acquisition, repositioning, management, and disposition of a diversified portfolio of industrial, retail, and suburban office properties.
"Hampshire Partners Fund VII's investment strategy will focus on the acquisition of properties primarily in the Northeast and Mid-Atlantic regions," said James E. Hanson II, CEO and President of The Hampshire Companies. "Within these markets, Hampshire is uniquely qualified to utilize its extensive expertise to materially enhance the properties' value through activities such as re-positioning asset level cash flows by upgrading tenant rent rolls, updating/upgrading existing physical facilities, expanding existing buildings through development of adjacent land, adaptively re-using existing properties and conducting proactive, value-added property management and leasing activities."
The investment focus for Fund VII is on diversified value-add opportunities in the industrial, retail, and suburban office asset classes located in the growth corridors of the Northeast and Mid-Atlantic states. Fund VII is currently 6.4 percent invested, having already acquired five assets with an aggregate value in excess of $67 million. Hampshire Partner's Fund VII will target overall portfolio leverage of approximately 65 percent. Therefore, the Fund will be acquiring approximately $1 billion of real estate during its investment period.
"We are extremely proud of the interest and consideration that this fund offering achieved in the institutional investor marketplace," noted Hanson. "Many of our Fund VII investors are institutional investors who participated in our Fund VI $235 million offering. This is a sophisticated market that demands performance, value, and results. We are pleased that we have been able to deliver investment vehicles that meet and exceed the complex demands of this community."
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 Hanson. "Our strategic vision - the 'art' 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' CEO and President, James E. Hanson II, is available for but not limited to interviews on: today's hot real estate markets, what types of space will continue to return money to investors, and the effects of the interest rate on real estate investments. Contact: Tiffany Miller at TMiller(at)RandJpr.com to arrange.
About Hampshire Partners Fund VII
Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office products located in the growth corridors of the Northeast and Mid-Atlantic.
About the Hampshire Companies
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.