The General Partner Fund Launches with $65 Million As Hoffman & Associates Continues to Grow Its Real Estate Portfolio Across the Mid-Atlantic and Southeast
WASHINGTON, Aug. 8, 2022 /PRNewswire/ -- Today, Hoffman & Associates, a leading developer of innovative mixed-use and residential communities across the Mid-Atlantic and Southeast, including the $3.6 billion Washington, D.C. waterfront neighborhood The Wharf, announced that it closed on its first real estate private equity fund. The Hoffman & Associates General Partner Fund, a $65 million investment vehicle, will predominantly target development projects including early-stage initiatives currently led by the company.
With 30 years of experience and 6.5 million square feet in development and construction, Hoffman & Associates is steadily growing with a variety of projects that are shaping cityscapes and neighborhoods across the Mid-Atlantic and Southeast. The fund gives the company an advantage in expanding its growing pipeline, acting quickly on future opportunities.
"Hoffman & Associates is expanding our portfolio. As The Wharf comes to completion, and our presence in Northern Virginia and North Carolina continues to grow with market demand and projects such as West Falls, Waterfront Station II, 4600 Fairfax Drive, Seaboard Station and RUS Bus, our company anticipates many more opportunities. The Hoffman & Associates General Partner Fund will be instrumental in continuing our company's exciting future," said Monty Hoffman, Founder and Chairman of Hoffman & Associates.
"We are honored to be able to announce The Hoffman & Associates General Partner Fund as it continues to showcase our investors' confidence in our team and our innovative, community-minded approach to development," said Jon McAvoy, Hoffman & Associates' Chief Investment Officer. "The Fund builds on our three decades of success, delivering strong returns for our investors and partners, as well as community value across the neighborhoods we serve."
This announcement follows the consistent growth of Hoffman & Associates, anchored by the completion of The Wharf later this year, as well as the company's continuous expansion across the Mid-Atlantic and Southeast, with a variety of projects ranging from large-scale neighborhoods to mixed-use condominium and apartment offerings, all underscoring the company's innovative and unwavering commitment to sustainable, community-minded development.
Over the next two years, the fund intends to deploy its capital base in projects including:
For more information about Hoffman & Associates, please visit www.hoffman-dev.com.
Hoffman & Associates is a leader in both residential and mixed-use development in multiple markets across the Mid-Atlantic and Southeast regions. Since its founding in 1993, Hoffman & Associates has developed over 75 mixed-use, residential, office and retail projects with an unwavering commitment to sustainable and innovative development that puts community first. Hoffman & Associates is an industry leader in creating inclusive urban communities that bring people together and enhance the way we socialize, work and live together. The company has large-scale developments throughout the Washington, D.C. metropolitan area, Raleigh, North Carolina, and Falls Church, Virginia, with a portfolio totaling $6 billion. Hoffman & Associates is also the managing member of Hoffman-Madison Waterfront, a joint venture with Madison Marquette, which is developing The Wharf, a $3.6 billion, 3.3 million square-foot neighborhood along Washington, D.C.'s waterfront. Other developments include Seaboard Station, West Falls, Waterfront Station II, Parcel B at Audi Field, 4600 Fairfax Drive, RUS Bus, Amaris, The Banks, The Bower, 525 Water, VIO, The Channel and Incanto. Hoffman & Associates has offices in Washington, D.C. and Raleigh, North Carolina. For more information please visit: www.hoffman-dev.com.
Hoffman & Associates
760 Maine Avenue SW
Washington, D.C. 20024
SOURCE Hoffman & Associates
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