New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Hudson Valley Property Group Exceeds Target with $292M Private Equity Fund
Lower Manhattan-based Hudson Valley Property Group (HVPG) said Tuesday it had completed the final close for its second real estate private equity fund, which targets affordable housing preservation. HVPG raised $292,420,000 in capital commitments, $42 million more than its $250-million target, from a broad range of institutional investors, ranging from family offices to insurance companies.
“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.”
The second fund has already acquired nine properties across New York, New Jersey, Pennsylvania, Maryland and Rhode Island expanding HVPG’s portfolio to seven states. HVPG anticipates preserving more than 10,000 homes with the latest investment fund.
- ◦Financing
