Morristown, N.J. (PRWEB) September 4, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has announced the acquisition of three retail buildings totaling more than 20,000 square feet in the towns of Jackson, Plainwell, and Paw Paw, Michigan. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm's private equity real estate investment funds tailored to high net worth investors.
The properties are fully leased to Advance Auto Parts, a leader in the aftermarket automotive industry. Totaling 6,700 square feet, the buildings are situated in highly visible retail locations and feature ample parking.
"The long-term lease agreements at all three properties provide us with a stable cash flow for our investors," said Robert Schmitt, Senior Managing Director of The Hampshire Companies. "We continue to actively seek superior properties in desirable locations for our Fund portfolio."
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The Fund caters to high net worth individual investors who are looking to diversify their investment portfolio by investing in real estate. The goal of the Fund is to invest in quality income producing assets that will appreciate over time and produce stable cash flow in order to generate quarterly distributions to our investors.
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.