The Principals of Hager Pacific Properties (HPP) and their related entities own and manage over 100 properties throughout the United States including 2,300 apartment units and 12 million square feet of industrial and commercial property.
The portfolio is valued in excess of $1 billion. Hager Pacific Properties specializes in acquiring, rehabilitating and repositioning industrial, retail, office and multi-family properties.
Using its own substantial internal capital, Hager Pacific Properties specializes in acquiring aging, vacant, environmentally impacted or under-performing assets. Because of a tightly knit management structure, Hager Pacific Properties prides itself on committing to and closing a transaction in a short period of time, making it an easy and efficient experience for brokers and sellers. Hager Pacific Properties oversees daily operations through its own staff of property management professionals as well as through the personal involvement of the three managing partners who direct acquisition, renovation and asset and property management activities.
Hager Pacific Properties currently has in excess of $100 million of ongoing capital and exchange requirements. We expect to acquire more than $50 million of real estate in 2014 and are currently looking for the following types of properties:Type:
$3 million to $100 millionLocation:
Major metropolitan markets in CA, NY, NJ, and TXAge:
No minimum requirementCondition:
Properties requiring minor or major renovation are welcomeOccupancy:
Properties requiring immediate releasing or those that have short-term tenancies are welcomeFinancing:
We acquire on an all-cash basis, utilizing lines of credit or cash