Hillpointe, LLC has successfully closed the Hillpointe Workforce Housing Partnership IV, LP fund at its hard cap of $510 million. The Fund exceeded its initial target of $500 million and will enable the development of 25 to 30 workforce housing projects in Hillpointe’s pipeline. These projects are estimated to have a total asset value of approximately $1.4 billion and 8,000 units across the Sun Belt region.
Jeff Goll, managing director and head of capital markets for Hillpointe commented on this successful raise: “We believe it underscores institutional capital’s increasing demand for workforce housing as well as their continued confidence in our development and construction expertise.” He further added that they were “grateful” for investors’ trust placed in them with this raise; expressing his commitment towards delivering outstanding results from these investments.
Greenberg Traurig P.A served as legal counsel while Juniper Square was appointed fund administrator during this process
