Hines U.S. Property Partners (HUSPP), Hine’s flagship commingled U.S. core plus fund, has acquired two class A multifamily investments, The Lenox & Quinn in Jersey City, N.J., and The Rise in Walnut Creek, Calif., as well as an infill industrial portfolio, Boulevard Oaks in Houston. The three assets total approximately $454 million in investment volume and bring the fund’s gross asset value to $2 billion.
HUSPP, Hines’ open-ended, diversified fund targeting next-generation assets in top-performing submarkets throughout the United States, has selectively acquired more than $1 billion of properties during the past 12 months across living, industrial, grocery-anchored retail, medical office, and select developments around the United States. The fund is now more than 80 percent allocated to the industrial, living and alternative sectors.
“The market is continuing to offer opportunities to buy at an attractive entry basis for well-capitalized investors,” said
