Le Lézard
Classified in: Transportation
Subject: Merger/Acquisition

H.I.G. Realty Partners Acquires Huntsville Industrial Asset


H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $44 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners, has completed the acquisition of a 565,000 square foot industrial distribution facility in Huntsville, AL in an off-market transaction.

The property is 100% leased to a leading global household and bathroom fixture manufacturer and is directly adjacent to both the Huntsville International Airport (one of the largest international air cargo airports in the U.S.) and the Intermodal Center Rail Terminal, providing intrinsic value to the market's base of advanced manufacturing, aviation, defense, and biotech tenants. The property will provide attractive current cash-on-cash returns and an opportunity to create significant additional value through the leasing of excess land to 3PL and e-commerce providers.

"This acquisition represents a continuation of H.I.G. Realty's success at identifying strategically located, cash flowing, off-market industrial opportunities," said David Hirschberg, Co-Head of H.I.G. Realty Partners. "We expect to leverage H.I.G.'s value-add expertise to maximize this property's untapped upside."

"We are excited to own this mission-critical distribution facility at a discount to replacement cost," said Adam Belfer, Principal of H.I.G. Realty Partners. "The property is strategically located to take advantage of significant capital investments being made in the market by both large government tenants and those that will benefit from Huntsville's highly skilled labor pool."

About H.I.G. Realty Partners

H.I.G. Realty Partners is the real estate platform of H.I.G. Capital, a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management. H.I.G. Realty Partners manages $8.2 billion of assets and focuses on small-to-mid cap real estate, targeting both equity and debt investments across all property types located throughout the U.S., Europe, and Latin America. Equity investments are concentrated on the acquisition of value-add assets, employing a hands-on, operationally focused approach that seeks to generate substantial cash flow and asset appreciation through rehabilitating, redeveloping, repositioning and rebranding assets that have been capital starved and/or poorly managed. Debt investments include senior bridge loans, mezzanine loans and preferred equity collateralized by transitional properties and portfolios. For more information, please refer to the H.I.G. website www.higcapital.com.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.'s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.'s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.


These press releases may also interest you

at 23:32
Chery Automobile Co. Ltd releases its sales data for the period between 1 January and 30 June 2021. In the first half of the year, the company exported 118,743 vehicles, which marked an increase of 168.4% year on year. Exports volume in the past six...

at 22:30
BEST Inc. ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today launched its full-chain, direct logistics service to ship parcels from China to Thailand, Vietnam and Cambodia....

at 20:09
Nathan Sassover, CEO of WRLD1 /TVNET today announced further development and increased strategic presence with the creation of additional networks within its Automotive networks group powered by the TVNET APTVE mobile netcast architecture and user...

at 19:01
Bowmore® Islay Single Malt Scotch Whisky has unveiled the first range of its Designed by Aston Martin limited-edition collections exclusively in Global Travel Retail....

at 12:04
Majestic Princess returned to Seattle today, concluding its sailing to Alaska and marking the first successful United States voyage for Princess Cruises following the extended pause in operations. The ship became the line's first ship to return to...

at 10:54
Today, August 01, marks the founding of SAS 75 years ago and we have been the proud carrier of travelers to, from and within Scandinavia during all these years. Scandinavia would not be the same today without a strong Scandinavian airline, and we...



News published on 8 june 2021 at 06:05 and distributed by: