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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. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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