This opportunity is available for investment
HPI Real Estate Fund XV LLC (“HPI Fund XV”) has been formed by Hamilton Point Investments LLC (the “Manager” or “HPI”) to raise up to $225 million of equity to acquire, with leverage, approximately $450 million of multifamily investments. Investors in the offering will acquire limited liability company units (“Units”) in HPI Fund XV.
Investment Strategy – HPI believes there are compelling acquisition opportunities in the current and near-term real estate market. HPI Fund XV anticipates acquiring multifamily investments below 2022 peak pricing and below replacement cost that may allow for increased cash flows and values through absorption of excess market supply, completion of certain capital upgrades and/or through improved operations. The fund anticipates targeting new class A properties priced in the $20 million to $70 million range that are located in population and employment growth areas.
HPI targets acquisitions from owners who need to sell at a suboptimal point in the property cash flow cycle, often due to hold term limitations and debt maturities. It will give further priority to deals with sellers with whom the Manager has a transactional relationship where HPI Fund XV may benefit from the Manager’s strong reputation in the investment sales market for closing in a timely manner and at agreed upon terms. The Manager completes significant due diligence prior to making a purchase offer allowing for tight closing timeframes and earnest money deposits that quickly become non-refundable. This acquisition strategy assures speed and certainty of closing, alleviating the paramount seller concern of a “broken” sale.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
What We Buy: The Manager believes that multifamily pricing has come down an estimated 18% or more from the 2022 peak and is attractive, particularly relative to replacement cost, in growth markets where HPI Fund XV intends to invest. HPI Fund XV will seek to acquire properties from motivated sellers including newer class A properties from developers in markets that have experienced significant overbuilding, newly constructed properties where construction loans are coming due, properties in which the developer did not hit lease up projections, and properties impacted by rising interest rates where property owners used adjustablerate financing. The manager will focus on markets where it believes population growth is such that market equilibrium will return within 12-36 months leading to occupancy, income, and value increases. HPI Fund XV may also seek to acquire multifamily investments from receivership sales, sales of defaulted mortgage notes, and sales of foreclosed multifamily properties.The Manager has significant experience having purchased over 20 properties in previous funds after mortgage defaults.
Where We Buy: The Manager has historically invested in and plans to invest in properties in markets that are seeing strong population growth which will result in increased demand for multifamily housing. This includes (but is not limited to) the Sunbelt, select Midwest markets and Central Southwest. Markets and states with lower taxes, lower costs of living and business-friendly environment are seeing materially stronger growth than Northeastern and West Coast markets with opposite trends. The Sunbelt now holds 50% of the United States population and is expected to hold 55% of the population in 2040.(5)
Property Management: The Manager owns Hamilton Point Property Management LLC (“HPPM”), which has more than 300 employees managing 66 properties and over 12,000 apartment units. HPPM will manage all of the HPI Fund XV properties. The Manager believes in-house property management is vital for quality oversight, revenue enhancement, and cost control.
Other Investment Opportunities: HPI Fund XV may adjust its targeted portfolio allocation based on, among other things, prevailing real estate market conditions and the availability of attractive investment opportunities. The fund will not forego an attractive investment because it does not fit within its targeted asset class or portfolio composition.
Community Upgrades: Additional community common area upgrades may include installation of children’s playgrounds, walking trails, fenced dog parks, and an upgrade of the pool area and exercise room. HPI may complete property-level refurbishment including exterior painting and powerwashing, parking lot re-sealing and striping, and the upgrade of signage and landscaping. HPI may also complete a cost-effective redecoration of the clubhouse and model units, as well as any individual units that may realize a significant return on investment.
Potential for Additional Income: Where market forces allow, other sources of revenue may be pursued, including direct unit metering and billing of water usage to tenants, partnership with a third-party renter’s insurance referral program, strict enforcement of late payment fees, pet fees, NSF fees, lost key/ fob fees, short-term rental premiums, month-to-month rental premiums, early move-out fees and a one-time move-in administrative fee.
Sponsor Alignment: The HPI founders will acquire 300 HPI Fund XV Units with a gross value of $1,500,000(8). In addition, the founders have agreed to purchase up to an additional 100 Units with a gross value of $500,000. Further, the Manager’s asset management fee is subordinate to the 6.00% Preferred Return and the Manager will not receive any incentive fee until 100% of investor equity is returned and payment of the 6.00% annual Preferred Return is met.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
LLC Units
Asset Class
Multifamily
Location
Diversified
Please refer to the HPI Real Estate Fund XV LLC - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Hamilton Point Investments
HPI was formed in 2009 to invest in multifamily real estate. HPI funds and affiliates have completed over 160 real estate investments acquiring nearly 35,000 apartment units for close to $3.5 billion. To date, 96 properties have been sold.(8) HPI affiliates currently own 64 apartment properties totaling 12,009 units. HPI and its wholly owned property management company, HPPM, have over 300 employees.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
HPI Real Estate Fund XV LLC (“HPI Fund XV”) has been formed by Hamilton Point Investments LLC (the “Manager” or “HPI”) to raise up to $225 million of equity to acquire, with leverage, approximately $450 million of multifamily investments. Investors in the offering will acquire limited liability company units (“Units”) in HPI Fund XV.
Investment Strategy – HPI believes there are compelling acquisition opportunities in the current and near-term real estate market. HPI Fund XV anticipates acquiring multifamily investments below 2022 peak pricing and below replacement cost that may allow for increased cash flows and values through absorption of excess market supply, completion of certain capital upgrades and/or through improved operations. The fund anticipates targeting new class A properties priced in the $20 million to $70 million range that are located in population and employment growth areas.
HPI targets acquisitions from owners who need to sell at a suboptimal point in the property cash flow cycle, often due to hold term limitations and debt maturities. It will give further priority to deals with sellers with whom the Manager has a transactional relationship where HPI Fund XV may benefit from the Manager’s strong reputation in the investment sales market for closing in a timely manner and at agreed upon terms. The Manager completes significant due diligence prior to making a purchase offer allowing for tight closing timeframes and earnest money deposits that quickly become non-refundable. This acquisition strategy assures speed and certainty of closing, alleviating the paramount seller concern of a “broken” sale.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
What We Buy: The Manager believes that multifamily pricing has come down an estimated 18% or more from the 2022 peak and is attractive, particularly relative to replacement cost, in growth markets where HPI Fund XV intends to invest. HPI Fund XV will seek to acquire properties from motivated sellers including newer class A properties from developers in markets that have experienced significant overbuilding, newly constructed properties where construction loans are coming due, properties in which the developer did not hit lease up projections, and properties impacted by rising interest rates where property owners used adjustablerate financing. The manager will focus on markets where it believes population growth is such that market equilibrium will return within 12-36 months leading to occupancy, income, and value increases. HPI Fund XV may also seek to acquire multifamily investments from receivership sales, sales of defaulted mortgage notes, and sales of foreclosed multifamily properties.The Manager has significant experience having purchased over 20 properties in previous funds after mortgage defaults.
Where We Buy: The Manager has historically invested in and plans to invest in properties in markets that are seeing strong population growth which will result in increased demand for multifamily housing. This includes (but is not limited to) the Sunbelt, select Midwest markets and Central Southwest. Markets and states with lower taxes, lower costs of living and business-friendly environment are seeing materially stronger growth than Northeastern and West Coast markets with opposite trends. The Sunbelt now holds 50% of the United States population and is expected to hold 55% of the population in 2040.(5)
Property Management: The Manager owns Hamilton Point Property Management LLC (“HPPM”), which has more than 300 employees managing 66 properties and over 12,000 apartment units. HPPM will manage all of the HPI Fund XV properties. The Manager believes in-house property management is vital for quality oversight, revenue enhancement, and cost control.
Other Investment Opportunities: HPI Fund XV may adjust its targeted portfolio allocation based on, among other things, prevailing real estate market conditions and the availability of attractive investment opportunities. The fund will not forego an attractive investment because it does not fit within its targeted asset class or portfolio composition.
Community Upgrades: Additional community common area upgrades may include installation of children’s playgrounds, walking trails, fenced dog parks, and an upgrade of the pool area and exercise room. HPI may complete property-level refurbishment including exterior painting and powerwashing, parking lot re-sealing and striping, and the upgrade of signage and landscaping. HPI may also complete a cost-effective redecoration of the clubhouse and model units, as well as any individual units that may realize a significant return on investment.
Potential for Additional Income: Where market forces allow, other sources of revenue may be pursued, including direct unit metering and billing of water usage to tenants, partnership with a third-party renter’s insurance referral program, strict enforcement of late payment fees, pet fees, NSF fees, lost key/ fob fees, short-term rental premiums, month-to-month rental premiums, early move-out fees and a one-time move-in administrative fee.
Sponsor Alignment: The HPI founders will acquire 300 HPI Fund XV Units with a gross value of $1,500,000(8). In addition, the founders have agreed to purchase up to an additional 100 Units with a gross value of $500,000. Further, the Manager’s asset management fee is subordinate to the 6.00% Preferred Return and the Manager will not receive any incentive fee until 100% of investor equity is returned and payment of the 6.00% annual Preferred Return is met.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
LLC Units
Asset Class
Multifamily
Location
Diversified
Please refer to the HPI Real Estate Fund XV LLC - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Hamilton Point Investments
HPI was formed in 2009 to invest in multifamily real estate. HPI funds and affiliates have completed over 160 real estate investments acquiring nearly 35,000 apartment units for close to $3.5 billion. To date, 96 properties have been sold.(8) HPI affiliates currently own 64 apartment properties totaling 12,009 units. HPI and its wholly owned property management company, HPPM, have over 300 employees.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
