NEW YORK, NY - Hyperion Group, a premier South Florida real estate investment and development firm, today announced that it has entered into a venture with Winter Properties, a real estate investment firm that focuses on strategic investments and ventures throughout select markets in the U.S. and globally. Hyperion and Winter will co-invest in and develop residential and mixed-use properties in South Florida and other select markets including the New York metropolitan area, while also pursuing investments in special situations. Hyperion, based in Miami and New York, will serve as the developer for the venture’s projects.
As the first deal of the venture, Hyperion and Winter have closed on a site in downtown West Palm Beach, Florida with flexible as-of-right zoning allowing for a mixed-use development, which will include over 300 multi-family residences. Managing through recent market conditions, Hyperion worked with the seller to negotiate and close the transaction at a basis that maximizes the new venture’s development program optionality. The venture is pursuing additional sites and monitoring the market to acquire assets presenting further value opportunities.
“We are delighted to have Winter as a venture and capital partner,” said Rob Vecsler, Principal and CEO of Hyperion. “Our combined investment and development capabilities, together with substantial investment capital, allows us to be bold, nimble, and competitive wherever we see opportunity,”
“We are pleased to have co-invested in the first of what we expect will be many deals with Rob and Hyperion, as we are committed to investing in and growing this venture together,” said David Winter, Co-CEO of Standard Industries. “We hope to play a key role in Hyperion’s growth as a leading real estate development and investment platform.”
“We’re excited about this development project and the overall venture as it exemplifies Winter’s focus on relationships with companies like Hyperion that have strong leadership and compelling growth strategies,” said Rick Singer, President of Winter Properties.
Rob Vecsler re-launched Hyperion in January 2020 after six years at Silverstein Properties in New York, where he served as President of Residential Development and Head of Acquisitions, overseeing in excess of $4 billion dollars in development and acquisitions, while also serving on the company’s investment committee. Vecsler has reconstituted the core team at Hyperion that developed several large-scale projects together in Miami.
ABOUT HYPERION GROUP: Hyperion is a vertically integrated investor, developer and operator of residential and mixed-use real estate based in South Florida and New York with a demonstrated track record of identifying and delivering value through all market environments. Originally founded in 2002 and re-launched in 2020, the firm has developed over one million square feet of residential and mixed-use property including over 1,000 residences in South Florida. In addition, Hyperion principal and CEO Rob Vecsler has overseen over $4 billion in development and acquisitions in the New York Metropolitan area in his previous role as President, Residential Development and Head of Acquisitions at Silverstein Properties in New York. Hyperion has developed a proprietary residence management platform and draws on this experience to integrate service and lifestyle as a differentiator at its properties. For more information, please visit www.hypdev.com
ABOUT WINTER PROPERTIES: Winter Properties, a related investment business of Standard Industries, is a vertically integrated real estate investment, management and development company. Winter has built a reputation as a first-class owner, operator, developer and investor over its more than 100-year history in New York City. Winter focuses on strategic investments and ventures throughout major urban markets in the U.S. and globally, targeting attractive, risk-adjusted returns through both asset- and entity-level investments. For more information, please visit www.winter.com