Investments — Hat Creek Partners

PHILOSOPHY

We don’t delegate.

Real estate is not a passive investment class. Rather than delegating certain aspects of managing our investments, we take a very active, hands-on approach during each phase of the value creation process.

Hat Creek Partners adheres to a rational, fact-based investment approach and targets only those assets that meet our investment criteria. We invest in value-add and core multifamily properties across Texas — pursuing properties where deep market knowledge, conservative underwriting, and direct operational involvement produce durable returns through full market cycles.

CRITERIA

What we look for.

Strategy

Value-add and core multifamily acquisitions in select Texas submarkets.

Investment Catalysts

Employment centers, transit systems, new or improved infrastructure.

Property Type

Garden-style, mid-rise, and high-density mixed-use.

Vintage

1995 construction and newer.

Size

Minimum $25MM total capitalization.

Value-Add Definition

Properties with a deficiency that is both identifiable and correctable through management, renovation, or recapitalization.

PROCESS

From sourcing to exit.

Acquire

Sourcing off-market and fully marketed deals, then underwriting through an iterative process that establishes the feasibility of an asset moving from a weak competitive position to a strong one. Conservative assumptions on rent growth and exit cap rates.

Reposition

Hands-on management, capital improvement execution, and operational transformation that move an asset from underperforming to outperforming.

Realize

Strategic exits timed to market conditions and asset performance.