Le Lézard
Classified in: Business
Subjects: RLE, CSR, DIS, DEI

Hunter Street Completes Sale of Portfolio of Residential Properties


MINNEAPOLIS, Nov. 30, 2021 /PRNewswire/ -- Hunter Street Partners ("Hunter Street"), a Minneapolis-based alternative investment management firm, is pleased to announce it has sold its portfolio of residential properties catering to individuals with intellectual and developmental disabilities ("IDD") to a private real estate investment company that targets income-producing housing in the sector.

Since the initial sale and leaseback acquisition in March 2019, the portfolio has grown from 22 properties to 51 single-family, duplex, multi-family, and acute care group homes. Hunter Street partnered with one of Minnesota's  leading providers of services to individuals with IDD as their real estate capital partner.

"We are excited to have found a perfect acquirer that specializes in real estate for the behavioral needs space and will continue to serve existing residents," said Neal Johnson, CEO and CIO of Hunter Street. "We're proud of the solution we created with the local IDD community and the growth of the portfolio, which provides housing and expanded service offerings for individuals with a wide range of needs while meeting the objectives of our investors," said Andrew Platt, Partner at Hunter Street.

About Hunter Street Partners

Hunter Street Partners is a Minneapolis-based alternative investment management firm that provides capital solutions to operating partner teams and lower middle market companies across corporate finance, real estate, and specialty finance. The firm is focused on fundamentals-driven, asset-oriented credit and equity opportunities. Learn more about Hunter Street Partners at www.hunterst.com.

Investor Contact                                                                      
Peter Hommeyer                                                                      
[email protected]

New Investment / Operating Partner Contact
Andrew Platt
[email protected]

Media Contact
Zach Kouwe / Shree Dhond
Dukas Linden Public Relations
[email protected]

 

SOURCE Hunter Street Partners


These press releases may also interest you

at 18:10
Helix Reports First Quarter 2024 Results
Helix Energy Solutions Group, Inc. ("Helix") reported a net loss of $26.3 million, or $(0.17) per diluted share, for the first quarter 2024 compared to a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 and a net...

at 18:06
Churchill Downs Partners with Alex Cooper's The Unwell Network to Host Exclusive Infield Activation for 150th Kentucky Derby®
Churchill Downs Racetrack ("Churchill Downs") announced today a partnership with The Unwell Network (UNWELL) that will add a fresh and unique thrill to the 150th running of the Kentucky Derby. The home of the longest continually held sporting event...

at 18:00
DRONE DELIVERY CANADA CORP. RELEASES 2023 FINANCIAL RESULTS AND PROVIDES GENERAL CORPORATE UPDATE
Drone Delivery Canada Corp. or (the "Company" or "DDC") is pleased to announce its 2023 financial results, and to provide a general corporate update....

at 18:00
SIMPLY BETTER BRANDS CORP. ANNOUNCES YEAR END 2023 FINANCIAL RESULTS
Simply Better Brands Corp. ("SBBC" or the "Company") today reported its audited financial results for the year ended December 31, 2023. All amounts are expressed in United States dollars unless otherwise noted. Certain metrics, including those...

at 17:59
M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium
M&T Bank Corporation ("M&T") will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium. Representatives of M&T will meet with investors in New York City on April 30, Chicago on May 1 and virtually on May 2....

at 17:50
The First Bancshares, Inc. Reports Results for First Quarter ended March 31, 2024
The First Bancshares, Inc. ("FBMS" or "the Company") , holding company for The First Bank, (www.thefirstbank.com) reported today financial results for the quarter ended March 31, 2024. Highlights for the Quarter: Net income available to common...

More news about Business...


News published on and distributed by: