Hillpointe, LLC, has closed the Hillpointe Workforce Housing Partnership IV, LP fund at its hard cap of $510 million.
Fund IV exceeded its $500 million target and allows for the development of the next 25 to 30 workforce housing projects in Hillpointe’s pipeline. These represent approximately $1.4 billion of total asset value and 8,000 units across the Sun Belt.
“Fund IV was oversubscribed, surpassing its initial fundraising target, and has garnered tremendous support from both new and existing investors,” commented Jeff Goll, managing director and head of capital markets. “We believe the successful raise underscores institutional capital’s strengthening demand for workforce housing and continued confidence in Hillpointe’s development and construction expertise. We are grateful for the continued trust that our investors have placed in us, and we remain highly committed to delivering outstanding results.”
Greenberg Traurig, P.A. is legal counsel, and Juniper Square is fund administrator.
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.