H.I.G. Realty Partners, the real estate affiliate of H.I.G. Capital, has closed the funding of H.I.G. Realty Partners III with aggregate capital commitments of $593 million, a figure that exceeded by a substantial margin its $500 million target. The fund will continue H.I.G.’s investment strategy of focusing on value-add investments in small to mid-cap properties in the United States. David Hirschberg and Ira Weidhorn, co-heads of H.I.G. Realty Partners said the fund would have a broad mandate to invest across asset classes and that it would utilize “a hands-on, value added, operationally focused approach that seeks to generate substantial asset appreciation.”
