Hines has launched Hines U.S. Property Partners (HUSPP), the firm’s new flagship commingled fund for the United States, with $750 million of equity, including a $100 million investment from Hines, giving the fund more than $1.2 billion in immediate investment capacity.
HUSPP is an open-ended, diversified fund targeting next-generation assets in top-performing submarkets in major U.S. markets. The fund’s strategy is to “buy, create and manage to core” through research-driven portfolio construction, smarter submarket and sector selection, vertically integrated value creation, and product designed for future demand. HUSPP expects to invest across the living, industrial, office and mixed-use sectors, as well as select niche sectors, such as life sciences and self-storage, to construct a diversified portfolio that targets a balance of yield and growth.
Investors in HUSPP’s first closings include a diverse group of institutional investors comprised of public pensio