ATLANTA, GA / ACCESSWIRE / March 8, 2022 / Holder Properties ("HP") today announced the successful raise of its Sunbelt Office discretionary general partner fund (the "Fund"). The Fund will pursue core-plus and value-add Class A office acquisitions and redevelopments in select Sunbelt markets, primarily Atlanta, Charleston, Charlotte, Nashville, and Raleigh-Durham, with potential future expansion to Miami and Tampa. HP expects the Fund will provide purchasing power of ~$1.0 billion including LP equity and leverage.
Through the Fund, HP intends to capitalize on near-term headwinds facing the office sector caused by COVID-19, coupled with strong demographics and positive office-using job growth in the Sunbelt. The Fund will leverage HP's vertically integrated platform to reimagine existing office assets and reposition them for a future that better aligns with changing tenant preferences. HP's plan is to create engaging, collaborative environments that attract young talent back to the office via upgrades to amenities, wellness programs, building sustainability, air quality, retail activation, amongst others.
"While the office segment faces significant challenges in large, gateway cities like New York and San Francisco, our firsthand experience in our existing Sunbelt office portfolio has been quite different," said John Holder, Chairman and CEO of Holder Properties. "We noticed positive leasing activity, strong demographic tailwinds, and improving depth in capital markets starting in summer 2020, while national headlines continued to decry the future of office. Our view is that we have significant opportunity to reimagine "the office" to meet the market in a post-COVID world and we look forward to leveraging our vertically-integrated platform and 40+ years of expertise to do that."
The Fund's first closing was comprised of a mix of domestic institutional investors, family offices, and a significant commitment from principals of HP. Many of the Fund's investors are long-time investment partners of HP. This is the first time HP has raised a discretionary fund that will give investors access to HP's programmatic approach to office investing. HP expects the Fund to be the first of multiple funds to be raised across asset classes.
About Holder Properties
Holder Properties is a full-service commercial real estate development and investment company, founded in 1980. Holder Properties has extensive experience in acquisitions, financing, development, construction, leasing, property management, and capital markets. Holder Properties has developed or acquired more than 100 projects with total value in excess of $3BN. The company's past and present portfolio contains a diverse range of property types including single and multi-tenant office buildings, upscale student housing properties, corporate headquarters, data centers, call centers, and other special use facilities nationwide.
Holder Properties has a flexible investment mandate, with a primary focus on opportunistic and value add real estate investments. The company's strategy spans multiple property types across the Southeast and broader United States, including office, student housing, build-to-suit, and mixed-use projects.
To learn more about Holder Properties, visit www.holderproperties.com.
Contact:
Margaret Graves
Marketing Director
Holder Properties, Inc.
Office: 770.988.3122
SOURCE: Holder Properties
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