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Sign in Sign up for a FREE subscriptionHAP Investments sells remaining stake in $500m project
HAP Investments, a New York–based international real estate investment and development company, announced the landmark sale of the firm’s remaining equity in The Maverick to Daiwa House Texas, a subsidiary of Japan’s largest homebuilder Daiwa House Group and the joint venture partner on the project.
With construction nearing completion, HAP Investments and its investors successfully sold their remaining 49 percent of equity in the development to the project’s JV partner, netting a substantial profit. The total valuation of The Maverick amounts to $506 million. HAP Investments will continue to manage the property for Daiwa House Texas, a testament to the value brought by the real estate firm.
“From the early stages of construction and now nearing completion of the development, it has been a pleasure to work with Daiwa House Texas to help them achieve the optimal potential of their investment in this project,” said Eran Polack, CEO of HAP Investments. “Th
