Hillpointe Workforce Housing Partnership IV closes at $510m hard cap

Hillpointe, a real estate development and investment firm focused on the development of market-rate workforce housing in the Sun Belt region of the United States, has closed its Hillpointe Workforce Housing Partnership IV at its hard cap of $510 million.

Fund IV was oversubscribed, reining in notable support from both new and existing investors.

The vehicle is expected to allow for the development of the next 25 to 30 workforce housing projects in Hillpointe’s pipeline, representing $1.4 billion of total asset value and 8,000 workforce housing units across the Sun Belt markets.

“Hillpointe's successful fundraise and the expansion of our investor base marks yet another significant milestone for our growing company and furthers our mission to deliver best-in-class new apartments that are competitively priced for workforce tenants,” said Steven Campisi, co-founder and managing partner at Hillpointe. “As with prior funds, Fund IV seeks to provide investors w