{"id":1004567983,"date":"2022-02-17T04:31:54","date_gmt":"2022-02-17T12:31:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004567983"},"modified":"2022-12-08T16:51:38","modified_gmt":"2022-12-09T00:51:38","slug":"hines-fund-reaches-1-4b-in-investor-commitments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/","title":{"rendered":"Hines Fund Reaches $1.4B in Investor Commitments"},"content":{"rendered":"
\"14191<\/a>

14191 Myford Road in Tustin, Calif. Image courtesy of Hines<\/p><\/div>\n

Hines U.S. Property Partners<\/strong> has closed an additional $600 million of equity, bringing its aggregate equity commitments to $1.4 billion, Hines<\/strong> announced Tuesday. The total equity raised gives HUSPP more than $2.3 billion in overall investment capacity.<\/p>\n

To date, the flagship commingled U.S. core-plus fund has closed on six investments totaling about $600 million and spanning industrial, multifamily, mixed-use and office properties.<\/p>\n

Consistent with the fund\u2019s diversification objectives, the current portfolio is more than two-thirds weighted toward the industrial and multifamily sectors. The fund is expected to deploy the remaining capital over the next 12 months.<\/p>\n

HUSPP\u2019s diverse investor base includes 20 institutional investors consisting of U.S., European and Asian public and private pension plans, insurance companies, high net-worth individuals, banks, non-profit organizations and family offices.<\/p>\n

\n

READ ALSO<\/strong>: For Office Owners, It\u2019s Time to Make Lemonade<\/a><\/p>\n

\n

\u201cAs an open-ended fund, HUSPP is expected to continuously raise capital and will become a large-scale, multibillion-dollar institutional fund targeting core plus returns in the U.S. market,\u201d according to a prepared statement from Hines. The fund targets next-generation assets in top-performing submarkets throughout the U.S., the statement continued.<\/p>\n

In addition to the living, industrial, office and mixed-use sectors, the fund is considering such alternative sectors as life sciences and self storage.<\/p>\n

Diversification under way<\/h2>\n

Earlier this year, HUSPP made two acquisitions in Southern California<\/a>.<\/p>\n

In an off-market transaction, the fund purchased a 112,000-square-foot manufacturing facility at 14191 Myford Road in Tustin, Calif. The building is 100 percent leased to a pharmaceutical manufacturer for the next decade.<\/p>\n

The fund also acquired the 203,000-square-foot JCPenney building at the Westfield Culver City shopping center.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since the fund\u2019s launch last year, Hines U.S. Property Partners has raised an additional $600 million in equity.<\/p>\n","protected":false},"author":882,"featured_media":1004567992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,21752,23891,21742,21747],"tags":[32797],"class_list":["post-1004567983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-mixed-use","category-national","category-latest","category-office","tag-hines"],"acf":[],"yoast_head":"\nHines Fund Reaches $1.4B in Investor Commitments - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hines U.S. Property Partners has closed an additional $600 million of equity, bringing its aggregate equity commitments to $1.4 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Fund Reaches $1.4B in Investor Commitments\" \/>\n<meta property=\"og:description\" content=\"Hines U.S. Property Partners has closed an additional $600 million of equity, bringing its aggregate equity commitments to $1.4 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-17T12:31:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:51:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/14191-Myford-Road-Tustin-Calif-e1645105325276.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"757\" \/>\n\t<meta property=\"og:image:height\" content=\"567\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/\",\"name\":\"Hines Fund Reaches $1.4B in Investor Commitments - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/14191-Myford-Road-Tustin-Calif-e1645105325276.jpg\",\"datePublished\":\"2022-02-17T12:31:54+00:00\",\"dateModified\":\"2022-12-09T00:51:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Hines U.S. Property Partners has closed an additional $600 million of equity, bringing its aggregate equity commitments to $1.4 billion.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-fund-reaches-1-4b-in-investor-commitments\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/14191-Myford-Road-Tustin-Calif-e1645105325276.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/14191-Myford-Road-Tustin-Calif-e1645105325276.jpg\",\"width\":757,\"height\":567,\"caption\":\"14191 Myford Road in Tustin, Calif. 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