Morristown, N.J, (PRWEB) February 23, 2012
The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, experienced strong levels of activity in 2011, completing nine property acquisitions totaling 2,731,917 square feet at a cost of $143,883,462. Hampshire also completed 18 dispositions totaling 1,227,340 square feet of office, industrial and retail space at an aggregate price of $98,286,080. Additionally, Hampshire launched two investment funds in 2011: Hampshire Partners Fund VIII, a $339 million commingled, discretionary value-added real estate investment fund targeted at institutional investors; and The HUH US Real Estate Income Fund (HUH) with Hermes Real Estate Investment Managers Limited (HREIML), UOB Global Capital (UOBGC),a $200 million fund for international institutional investors and pension funds.
“With an overall increase in market activity and the launch of both Fund VIII and The HUH US Real Estate Income Fund, 2011 proved to be a pivotal year in demonstrating our ability to continue to successfully navigate the current real estate cycle,” said James E. Hanson II, President and CEO of The Hampshire Companies. “Our hard-earned success this past year can be attributed to the time and energy our team devoted to developing and executing a strong investment strategy. We are looking forward to continued growth and increased acquisition and leasing activity, as we embark on the new year.”
Major acquisitions include:
- Power center in Kingston, N.Y. totaling 605,722 square feet
- Retail building in Raleigh, N.C. totaling 169,949 square feet
- Industrial building in Carteret, N.J. totaling 148,399 square feet
- CVS/pharmacy portfolio in Fla. totaling 67,125 square feet
- Retail building in Plainwell, M.I. totaling 113,000 square feet
- Self-storage building in Burlington, N.J. totaling 84,400 square feet
To learn more about The Hampshire Companies, please visit http://www.hampshireco.com.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. 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. Additional information on The Hampshire Companies is available online at http://www.hampshireco.com.