Hamilton Capital Partners Fund II, L.P.
Hamilton Capital Partners Fund II, L.P.
(“HCP Fund II”) is a newly formed private commercial
real estate opportunity investment fund. The general partner of
HCP Fund II is Hamilton Capital Partners, LLC (“HCP”), a
real estate advisory management firm headquartered in Los Angeles. The
HCP team includes executives and support personnel from Barker Pacific
Group (www.barkerpacific.com) and The Rising Real Estate Group
(www.the-rising-group.com). HCP Fund II’s objective is to provide
superior risk-adjusted rates of return to its investors. HCP believes
that the best way to ensure an above-market rate of return is to invest
in “value-add” opportunities according to the fundamental
principles of real estate economics. By assembling and managing a
balanced portfolio of value-based commercial real estate, HCP is able
to consistently offer its investor partners superior rates of return on
their investments.
HCP Fund II has been formed after the recent
success of Hamilton Capital Partners Fund 2002 (“HCP Fund
I”). HCP Fund I invested in four projects: the Chamber Building
in San Diego, the Kaiser Foundation Building in Milpitas, CA, the
Citizens Business Bank Building in Pasadena, and 626 Wilshire Boulevard
in downtown Los Angeles. As of February 2005, HCP Fund I sold the
Kaiser Foundation Building for a 137% internal rate of return
(“IRR”) and 626 Wilshire Boulevard for a 108% IRR.
The HCP Fund II Investment Committee has extensive
experience in all aspects of commercial real estate investment and
management. The Investment Committee is chaired by Joel Stoesser and
includes Michael Barker, Richard Johnson, Victor Indiek and Christopher
Rising. Mr. Stoesser previously served as the Managing Director and
Head of Investment Advisory Services for Prudential Real Estate
Investors, a portfolio over $15 billion. Mr. Barker founded Barker
Pacific Group in 1983 after a decade working with Hines. Mr. Johnson,
who serves as Chief Financial Officer of HCP, has been with Barker
Pacific Group for over two decades. Mr. Indiek was a founder and Chief
Financial Officer and later was appointed President of freddie mac. Mr. Rising is a
former real estate attorney who formerly served in the Office of the
President of Cushman Realty Corporation and now is President of The
Rising Real Estate Group, a real estate brokerage firm.
Philosophy and Trademarks
HCP’s business is based on a commitment of
financial integrity and investor satisfaction, complemented by an
entrepreneurial culture. HCP has consistently sought to exploit
situations where limited competition increases the likelihood of
achieving above average, risk-adjusted returns. In many transactions,
real estate, financial, legal and operating complexities have impeded
other investors, thereby minimizing competitive pressures. The tenacity
demonstrated in pursuing structurally and situational complex
transactions and the ability to develop creative financial and
operating solutions distinguish HCP from the competition.
HCP’s strategy is to focus on opportunities
that present one or more of the following characteristics:
• An out-of-favor asset due to age, condition
or size;
• An asset which presents a repositioning
opportunity in its market;
• An asset which presents entitlement or
development opportunities for value enhancement;
• An opportunity for aggressively leasing
and/or managing the asset;
• A motivated or distressed seller; or
• A quality asset priced below replacement
cost.
