Source: H.I.G. Realty Partners / #Apartments #Multifamily
SAN ANTONIO, TX - H.I.G. Capital, a leading global private equity and alternative asset investment firm with $21 billion of equity capital under management, announced that its affiliate, H.I.G. Realty Partners, 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.
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.