H.I.G. Realty Partners, an affiliate of H.I.G. Capital, has acquired Windsor House Apartments. Financial terms weren’t announced. Windsor House, of San Antonio, Texas, is a 322-unit apartment complex.
NEW YORK–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity and alternative asset investment firm with $21 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners (“H.I.G. Realty”), has acquired Windsor House Apartments, a 322-unit apartment complex located in San Antonio, TX. Ira Weidhorn, Managing Director of H.I.G. Realty, commented, “Windsor House presents an opportunity to create value through an extensive upgrade program in a market that has seen a considerable increase in demand in recent years.”
Built in 1997, Windsor House Apartments is located in Northern San Antonio, in close proximity to several major employment drivers including the South Texas Medical Center, a 900 acre medical complex that is home to 10 major hospitals and nearly 80 clinics.
About H.I.G. Realty Partners
H.I.G. Realty Partners is the real estate platform of H.I.G., managing $1.6 billion in capital commitments focused on small-to-mid cap real estate assets across property types located in the U.S. and Europe. H.I.G. Realty Partners targets the acquisition of value-add investments, employing a hands-on, operationally focused approach that seeks to generate substantial cash flow and asset appreciation through rehabilitating, redeveloping, repositioning and rebranding assets that have been capital starved and/or poorly managed.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $21 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.