Hammes Partners holds $687m final close

Hammes Partners has held a final close for Hammes Partners III, raising $687 million and exceeding its target.

“Healthcare real estate has performed relatively consistently throughout economic cycles. We believe that the macro healthcare industry trends continue to present very compelling investment opportunities. We will continue to draw on our longstanding experience in the healthcare industry as an investor and operator to capitalize on this opportunity for our investors,” said Jon Hammes, founder and managing partner of Hammes.

Similar to prior funds, Hammes will focus on outpatient facilities, including investments in existing assets, development and adaptive reuse projects.

Hammes Partners is complemented by a suite of services offered by its affiliates, including Hammes Company Healthcare, a nationally recognized leader in the healthcare real estate services and advisory industry that was founded in 1993.