Investment Platform
Acquisitions
Hidrock has more than four decades of experience sourcing, evaluating and acquiring commercial real estate across a range of property types and market cycles. Today, the firm pursues income-producing investment opportunities across the United States, with an emphasis on properties offering attractive current cash flow and opportunities to create long-term value. Hidrock draws on its industry relationships, market knowledge and investment experience to identify opportunities and execute transactions efficiently.
Capital Markets
Hidrock has extensive experience structuring and executing equity and debt capitalizations across property types and market cycles. Over its history, the firm has raised more than $500 million of equity capital and closed more than $850 million of debt financing. Hidrock has built longstanding relationships with family offices, ultra-high-net-worth individuals, institutional investors, banks and other capital providers. For debt financings, Hidrock works to identify lending sources and then leads the financing process on behalf of each ownership entity through lender selection, underwriting, due diligence, documentation and closing. The firm approaches each capitalization with a focus on appropriate leverage, flexibility, alignment and the long-term objectives of the investment.
Asset Management
Hidrock takes a hands-on approach to asset management, retaining active oversight of each investment while drawing upon experienced local property managers, leasing teams and specialists selected for each market and property. Hidrock works closely with these operating partners to execute property-level business plans, maintain strong occupancy, manage operating expenses and capital improvements, and identify opportunities to increase revenue and enhance long-term value. Hidrock also oversees financing, refinancing and disposition strategies with a focus on protecting capital, generating cash flow and creating long-term value for its investment partners.
Investor Relations
Hidrock places a high priority on transparency, communication and investor service throughout the life of each investment. Investment partners receive regular financial reporting, distributions and quarterly updates on property performance and business plans. Hidrock maintains an open dialogue with its investment partners throughout the life of an investment, providing direct access to the people responsible for managing their capital. The firm and its administrative partners also focus on timely tax reporting and provide hands-on assistance with investment administration, including retirement-account investments and other investor-specific needs. Hidrock collaborates with Inspira Financial to provide investors with an established platform for holding eligible Hidrock investments through self-directed retirement accounts.
Investment Approach
Hidrock seeks well-located commercial real estate with durable demand, attractive current economics and identifiable opportunities to increase value over time. The firm places particular emphasis on strong underlying real estate, durable cash flow, opportunities for active value creation and, where available, acquisitions at a discount to replacement cost.
Hidrock’s current acquisition focus is open-air shopping centers, while the firm remains opportunistic across commercial real estate.
1031 Exchanges
Hidrock has completed 10 tax-deferred 1031 exchange transactions across its investment history. The firm has experience structuring acquisitions that allow a selling property owner to reinvest qualifying proceeds alongside Hidrock and its investment partners, allowing 1031 capital to participate in larger real estate investments. Hidrock coordinates the acquisition process with the investor and its professional advisors to address the timing, structuring and execution requirements of the exchange.
Hidrock does not provide tax or legal advice. Investors should consult their own tax and legal advisors regarding the requirements and tax consequences of a 1031 exchange.
Development
Hidrock has extensive experience developing and repositioning commercial real estate, including ground-up construction, conversions and major renovations. The firm has led the development or redevelopment of 10 properties representing more than $400 million of investment. These projects have provided Hidrock with experience across the full development lifecycle, from planning and design through financing, construction and completion.