HIG Realty Credit Partners Initiates Two Loans, Totaling $95 Million, Secured by Two Multifamily Properties in the Southeastern United States | national company

NEW YORK–(BUSINESS WIRE)–June 21, 2022–

HIG Capital (“HIG”), a leading global alternative investment firm with over $49 billion in equity under management, is pleased to announce that its subsidiary, HIG Realty Credit Partners, has issued two loans, totaling $95 million, secured by two multi-family apartment complexes in Charlotte, North Carolina and Chattanooga, Tennessee.

The loans were made to affiliates of Ardmore Residential, an experienced multifamily developer and landlord throughout the Southeastern United States. The properties are nearing construction completion and should benefit from growing residential demand in both of their markets.

“We are thrilled to finance these new, high-quality assets in the Charlotte and Chattanooga MSAs. Ardmore has developed an excellent product that will be well received in the market, and we are pleased to be a part of these projects,” said Michael Mestel, Managing Director of HIG Realty Credit Partners.

About HIG Realty Credit Partners

HIG Realty Credit Partners is the real estate debt platform of HIG Capital, one of the world’s leading alternative asset investment firms with over $49 billion in equity under management. HIG Realty Credit Partners and HIG Realty Partners collectively manage $4.3 billion in capital. HIG Realty Credit Partners focuses on small to mid cap real estate, targeting debt investments in all types of properties located in the United States, Europe and Latin America. Debt investments include senior bridge loans, mezzanine loans and preferred shares secured by properties and bridging portfolios. HIG Realty Partners’ equity investments focus on acquiring value-added assets, using a hands-on, operations-focused approach that seeks to generate substantial cash flow and asset appreciation through rehabilitation, redevelopment, repositioning and rebranding of assets that have been starved of capital and/or mismanaged. For more information, please visit the HIG website www.highcapital.com.

About HIG Capital

HIG is one of the world’s leading alternative asset investment firms with over $49 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operational value-driven system. – added approach:

  1. HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
  2. HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
  3. HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
  4. HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.

Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at www.highcapital.com.

* Based on total capital commitments managed by HIG Capital and its subsidiaries.

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CONTACT: Michel Mestel

General director

[email protected] Schwartz

General director

[email protected]

KEYWORD: TENNESSEE NORTH CAROLINA NEW YORK FLORIDA UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: ARCHITECTURE OTHER PROFESSIONAL SERVICES FINANCE OTHER CONSTRUCTION & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE PROFESSIONAL SERVICES CONSTRUCTION & PROPERTY BUILDING SYSTEMS URBAN PLANNING REIT LANDSCAPE INTERIOR DESIGN

SOURCE: HIG Capital

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PUBLISHED: 06/21/2022 15:06 / DISK: 06/21/2022 15:06

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Copyright BusinessWire 2022.