Managing Member
CurrentHLA Ventures is a San Francisco-based real estate firm that has consistently generated superior risk-adjusted returns by acquiring undervalued or underperforming assets and subsequently implementing aggressive asset and property management systems to improve operations and profitability for our own investment portfolio and for a select clientele of investment advisors, high net worth individuals, families, and trusts. The Glencrest Group (www.glencrestgroup.com) and United Growth (www.unitedgrowth.com) are two examples of companies to which we are currently serving in the capacity of senior capital advisors.The Company seeks opportunities in secondary and tertiary markets in the Western United States where the team can capitalize on its extensive market and investment knowledge through creative transaction sourcing, broad relationships and operating expertise, and development management capabilities. Our investment selections are based upon a model which is focused identifying quality projects and / or sponsors, the establishment of a solid execution strategy, a meaningful co-investment, and conservative leverage. Although these fundamentals do not guarantee success, we believe it provides the best foundation for sustainable wealth creation.Since inception, HLA has raised over $600 million in equity capital to fund projects that include apartments, retail, office, self-storage, mobile home parks, and industrial. Annual investor returns (IRR) on these investment have averaged more than 18% and have provided tax deferred or tax-exempt income, quarterly cash flow, and a preferred return.