American Hotel Income Properties REIT LP (AHIP) has announced that BentallGreenOak Real Estate Advisors and Highgate Capital Investments have made an aggregate $50 million strategic investment in AHIP and its subsidiary, American Hotel Income Properties REIT Inc. (AHIP REIT), through the issuance of newly created Series C preferred equity stock of AHIP REIT and warrants to acquire mnits of AHIP on a private placement basis.
As part of the investment, the investor — HCI-BGO Victoria JV LP, a joint venture limited partnership between BentallGreenOak and Highgate — has nominated two seasoned investment and industry professionals to AHIP’s board of directors.
“The proceeds received will assist us in strengthening our balance sheet, improving our capital structure and enhancing our ability to act on growth opportunities that may arise,” said Jonathan Korol, CEO of AHIP. “BentallGreenOak and Highgate are aligned with our strategy, and we are excited to have estab
