Leading Real Estate Fund Manager to Focus on Middle Market Commercial Real Estate Investments
PORTLAND, MAINE, April 15, 2010 – Hudson Realty Capital LLC, one of the nation’s leading middle-market institutional fund managers, has relocated its Maine-based regional office to 100 Commercial Street, Suite 410, in Portland. The new office lease marks the growth of Hudson’s northeast operations in Maine's largest city.
Based in New York City, with a southeast regional office in Boca Raton, Fla., Hudson is involved in a broad range of real estate-related debt and equity investments throughout the United States. The firm currently has more than $2 billion of assets under management and is certified as a Minority-Owned Business Enterprise (MBE).
“Hudson continues to focus on middle-market commercial real estate investments. While the company historically invested throughout the capital stack, Hudson’s focus is primarily on senior debt. We expect there to be unprecedented opportunities to originate and purchase debt, and we expect to deliver strong risk-adjusted returns while maintaining our stringent underwriting discipline,” said Renee J. Lewis, managing director.
The company has closed more than $3.5 billion in transactions since the formation of its initial two funds in 2002. With an average deal size of approximately $7 million, Hudson successfully fills the middle-market investment niche.
“Demand for capital is high right now in this lending-constrained market. Hudson is uniquely positioned to provide funding to small- and mid-sized operators of commercial real estate that are often neglected by larger institutions,” said Spencer Garfield, managing director.
Hudson’s core business strategy focuses on originating, purchasing, participating in, servicing and restructuring and/or acquiring high-yield, special-situation debt and mezzanine loans. The firm also invests directly in real estate and acquires under- performing assets and other real estate-related instruments. In 2009, Hudson was named among the Top 25 largest minority-owned companies in New York and one of the Top 25 lenders nationally.
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