Representative Property

Representative Property

Our Portfolio Focus

With increased demand from Millennials entering the market, the continued downsizing of Baby Boomers and increased cost of real estate development, demand for New York Metro area apartments are at all-time highs. Preferences have translated into demand for semi-urban living with strong transportation links and downtown walkability, appropriate for smaller households.  

HCG has a proven track record of acquiring well-located, under invested multi-family properties within short commuting distances of New York City. The acquired assets are repositioned for value maximization, carefully balancing renovation budgets and market rent increases.  

HCG has also targeted the Medical office sector, focusing on specialized properties that are differentiated from typical suburban office. The sector has proven to be resilient, stable and highly in-demand.

There are several key reasons why demand for Medical office will continue to increase:

·         Ageing U.S. population requiring additional medical care

·         Changes in outpatient delivery models due to the passage of the Affordable Care Act

·         Consolidation of hospital systems and movement away from partnership-owned physician practices

·         Trend of Hospitals monetizing real estate

Additionally, Medical offices are uniquely attractive due to the tenants’ need to stay in the location for longer than a typical office tenant due to:

·         High build-out costs for specialty equipment and other requirements

·         Familiarity of location for their patient base and proximity to other service providers

HCG continues to focus on Medical office opportunities that feed off of an existing Medical ecosystem (i.e. proximity to a hospital or other service providers).