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[IMGCAP(1)]NEW YORK CITY-Locally based Hudson Realty Capital LLC has closed its fourth real estate opportunity fund with $350 million of commitments. HRC’s Fund IV will be used for debt and equity investments in middle market real estate transactions.

When combined with leverage, the fund will have more than $1 billion in origination capability. Credit Suisse acted as exclusive financial advisor and placement agent for Fund IV.

[IMGCAP(2)]The overwhelming response to this fund is indicative of the success of the company’s investment strategy, according to Sanford Herrick, managing director of HRC, in a prepared release. “That strategy has not changed since the closing of our first two funds in 2002,” he notes. “We continue to focus on middle-market opportunistic investments with appropriate risk-adjusted returns.”

In the five years since its inception, HRC has experienced rapid growth, according to a company statement. This year, the firm expanded its New York City headquarters, opened a regional office in Miami as GlobeSt.com previously reported and acquired Questor LLC, a real estate consulting firm providing due diligence and underwriting services.

HRC attributes its success to several factors including its niche positioning as a middle market real estate investor. By concentrating on investments under $25 million, the company has tapped into a market underserved by traditional lenders and investors.

The company notes that it is known for its flexibility as well. “We have invested across the country as well as select international investments in a range of asset types,” notes Spencer Garfield, managing director of the firm. “HRC will invest anywhere in the capital structure from first mortgage to equity.”

HRC currently has $800 million of assets under management. Since its formation, the company has closed more than $2 billion in debt and equity transactions.

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