Hudson Valley Property Group closes second preservation fund above $250m target

Hudson Valley Property Group (HVPG), a national affordable housing preservation company, has closed its second real estate private equity fund with more than $292 million of capital commitments.

HVPG surpassed its $250 million target due to backing from a broad range of institutional investors, including family offices, banks, endowments, foundations, insurance companies, healthcare companies, registered investment advisers and museums.

“The impressive array of institutional investors speaks to the strength of our platform and of this often overlooked and traditionally undervalued asset class,” said Jason Bordainick, managing partner and co-founder of HVPG. “Hudson Valley Property Group strives to deliver a better standard of living for our residents and seeks reliable results for our investors. We are motivated to do well by doing good, and our work is ensuring that housing stays affordable and within reach for families across America.”

HVPG acquires ex