Hyperion, Lawrence Benenson Forge JV to Acquire Multifamily Properties

Hyperion Group, a New York and South Florida-based real estate investment and development firm, has formed a joint venture with Lawrence Benenson, a partner in Benenson Capital. The newly established venture, HyperionMFP Partners, will focus on acquiring value-add and core-plus assets in the Tri-state region, South Florida and other select markets. HyperionMFP Partners intends to collaborate with institutional investors and family offices on targeted acquisition opportunities.

HyperionMFP Partners is also announcing its first acquisition: The Centre, a 16-story, 314-unit rental building in Cliffside Park, NJ. The property was acquired for $165 million. The JV will manage it.

“The Centre is a Class-A rental providing luxury high rise living convenient to New York City and nearby New Jersey employment centers, walking distance to schools, restaurants and other local attractions,” said Rob Vecsler, managing partner of HyperionMFP and CEO of Hyperion. “There could not be a more perfect first acquisition for our strategy.”

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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 16-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 7-10 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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