Newark Distribution Center, Newark, NJ
Acquisition and mark-to-market industrial opportunity in the Newark submarket with multimodal access to transportation.
Newark Distribution Center, Newark, NJ
Acquisition and mark-to-market industrial opportunity in the Newark submarket with multimodal access to transportation.
Newark, NJ
Located in the high-barrier-to-entry submarket of Newark with close multimodal transportation infrastructure
715K SF
HUSPRF acquired this Newark industrial asset at a significantly discounted price in December 2022. The Fund seeks to add value to the acquisition by exploring alternative uses for its multi-level and basement space, and by leveraging outdoor storage along its property line. The 715K SF asset offers strong occupancy fundamentals and mark-to-market potential for 50% of its space in the near term. Located in the Newark submarket with immediate access to critical transportation infrastructure such as Port Elizabeth, Newark Liberty Airport, and the Lincoln Tunnel to New York City, Newark has high barriers to entry and few purchase opportunities with limited land availability for new development.
Newark Distribution Center is part of the HUSPRF portfolio. The case study presented herein is for illustrative purposes only. It should not be assumed that investments made in the future will be comparable in quality or performance to the investment described herein. The case studies selected are the latest acquisitions in each sector.
HUSPRF (or Fund I) is closed to new investors.
The reproduction of this web page, in whole or in part, is prohibited. You are not permitted to make this web page or the information contained herein available to any third parties. This document is not to be used for any purpose other than the purpose for which it was provided to you. Except as otherwise provided in a written agreement between the recipient and Hines or its affiliates, if the recipient receives a request under any applicable public disclosure law to provide, copy or allow inspection of these materials or other information regarding or otherwise relating to Hines or any of its affiliates, the recipient agrees (at its own cost and expense) to (i) provide prompt notice of the request to Hines, (ii) assert all applicable exemptions available under law and (iii) cooperate with Hines and its affiliates to seek to prevent disclosure or to obtain a protective order or other assurance that the information regarding or otherwise relating to Hines or any of its affiliates will be accorded confidential treatment.
This marketing communication does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for securities, units or other participation rights described herein by any party including Hines or its affiliates (“Hines”). Any such offer will be made only pursuant to a confidential private placement memorandum and the definitive documents of the Fund (the “Definitive Documents”), which will be furnished to qualified investors at their request in connection with any such offering and should be referred to before making any investment decisions. The information contained in this presentation is qualified by reference to the Definitive Documents, which will entirely supersede this presentation. The information in this web page should not be relied on because it is incomplete and remains subject to change.
This web page summarizes certain characteristics of a proposed investment program. It is presented solely for purposes providing you with initial and general information at your own responsibility. This web page is not suitable to inform you of the legal and factual circumstances necessary to make an informed judgement about any prospective investment. Prospective investors are requested to inform themselves comprehensively and, in particular, to verify the Definitive Documents which are expected to be provided in the future. Hines reserves the right, in its sole and absolute discretion, without notice, to alter the terms or conditions of the Fund and/or to terminate the potential investment opportunity described herein. Unless otherwise noted, the information contained herein is unaudited and may be preliminary and speaks as of the date of this web page or the specific date specified. Hines disclaims any obligation to update this web page in any manner, even in the event that the information becomes materially inaccurate.
In no event should this web page be viewed as legal, business, tax, accounting, investment or other advice. Any statements of federal tax consequences contained in this presentation were not intended to be used and cannot be used to avoid penalties under the Internal Revenue Code or to promote, market or recommend to another party any tax related matters addressed herein. This web page does not constitute any regulated investment (MiFID) advice.
Investments in real estate funds such as those described herein, are subject to numerous risks and uncertainties, including risks inherent in private, real estate funds, such as lack of liquidity, lack of diversification and dependence on key personnel of the fund sponsor, as well as risks inherent in the types of investments such funds make, competition for investment opportunities, changes in market conditions, regulatory and environmental risks, entitlement and development risks and risks of tenant, purchaser or seller defaults on contractual obligations. Investors in real estate funds must be able to evaluate and bear the potential consequences of these and other risks, including the potential loss of their entire investment. The characteristics of investments to be made by the Fund may vary from the characteristics of those shown herein and may not have comparable risks and returns. An investment in the Fund is speculative and involves significant risks, including loss of the entire investment and is suitable only for sophisticated investors who fully understand and are capable of bearing the risks of an investment in the Fund. The Fund should be considered illiquid, as there is limited to no secondary market for interests in the Fund and there are restrictions to redemptions and/or transfers of interests in the Fund. A recipient who has preliminary interest in the Fund should understand these risks and have the financial ability and willingness to accept such risks for an extended period of time before considering making an investment in the Fund. Please refer to the Definitive Documents for detailed information on the risks and rewards of the Fund.
Any investment entails a risk of loss, including loss of the entire investment. In considering any performance data contained herein, each recipient should bear in mind that past performance is not indicative of future results, and there can be no assurance that an investment program will achieve comparable results or will achieve any target or estimated results.
The Fund will make investments in different economic conditions than those prevailing in the past. Thus, no guarantee is made that the Fund will have the same types or diversity of investment opportunities as prior vehicles. While Hines believes all performance targets and estimates to be reasonable and sound under the current circumstances, actual returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, legal and contractual restrictions on transfer that may limit liquidity, any related transaction costs and the timing and manner of sale, all of which may differ materially from the assumptions and circumstances on which the estimated future cash flows and exit values used in the performance estimates and targets contained herein are based. Accordingly, nothing herein should be deemed to be a prediction or projection of future performance of the Fund and actual realized returns on unrealized investments may be materially different from the returns indicated herein. Additional information on the performance and other numbers presented herein is available from Hines upon request. Please refer to the Definitive Documents for detailed information on Fund performance.
The Hines property investments and investment programs referred to herein were made at different times, with materially different terms and in materially different market conditions than those contemplated for the Fund. The results of the investment programs presented illustrate results that could be achieved in certain conditions if the underlying assumptions prove to be correct. In considering all of the track record and performance information contained herein, prospective investors should bear in mind that past performance is not indicative of future results, and there can be no assurance that the Fund will achieve comparable results to historical transactions or that the Fund will be able to implement its investment strategy and investment approach or achieve its investment objective.
This web page contains information in the form of charts, graphs and/or statements that Hines indicates were obtained by it from published sources or provided to it by independent third parties, some of whom Hines pays fees for such information. Hines considers such sources to be reliable. It is possible that data and assumptions underlying such third-party information may have changed materially since the date referenced. You should not rely on such third-party information as predictions of future results. None of Hines, its affiliates or any third-party source undertakes to update any such information contained herein. Further, none of Hines, its affiliates or any third-party source purports that such information is comprehensive, and, while it is believed to be accurate, it is not guaranteed to be free from error, omission or misstatement. Hines and its affiliates have not undertaken any independent verification of such information. Finally, you should not construe such third-party information as investment, tax, accounting or legal advice, and neither Hines nor any of its affiliates nor any of their respective partners, officers, affiliates, employees, agents or advisors has verified or assumes any responsibility for the accuracy, reliability or completeness of such information.
This document is being provided to you as a professional investor. The distribution of this document may be restricted in certain jurisdictions. It is the responsibility of the recipient of this document to comply with all relevant laws and regulations. For the purposes of distribution in the UK, this financial promotion has been distributed by Hines Europe Real Estate Investments Ltd , which is authorized and regulated by the Financial Conduct Authority. The address is 6 Dryden Street, London WC2E 9NH, United Kingdom, +44 207 292 1900. Companies House registration number: 07331555. In the European Union distribution is by Hines Luxembourg Investment Management S.à.r.l, which is authorized and regulated by the Commission de Surveillance du Secteur Financier. The address is 35F Avenue John F. Kennedy, Luxembourg, L-1855, +352 264 337 1. In the Dubai International Financial Centre, distribution is by HEREI Representative Office Regulated by the Dubai Financial Services Authority as a Representative Office. The address is Unit 1701B, Level 17, Emirates Financial Towers, DIFC, PO Box 113355, Dubai, UAE, +971 4 375 3965. In the US, distribution is by Hines Private Wealth Solutions LLC, a registered broker-dealer with the SEC, and a member of FINRA acting as a placement agent. The address is 845 Texas Ave, Suite 3300, Houston, TX, 77002, +1 888 446 3773.
Investments in the Fund will be denominated in US dollars and, therefore, will be subject to any fluctuation in the rate of exchange between the US Dollar and the currency of the investor’s home jurisdiction, which may have an adverse effect on the value of, price of or income or gains from an investor’s investment in the Fund. Future performance is subject to taxation which depends on the personal situation of the investor, and which may change in the future.
Hines U.S. Property Recovery Fund was a financial product falling under Article 6 of the SFDR. There can be no assurance that Hines’ ESG policies and procedures as described herein will continue. It should not be assumed that any sustainability initiatives, standards, or metrics described herein will apply to each asset in which the Fund invests or that they have applied to Hines’ prior investments. The information provided herein is intended solely to provide an indication of the sustainability initiatives and standards that Hines applies when seeking to evaluate and/or improve the sustainability characteristics of an asset as part of the larger goal of maximizing financial returns on investments. Accordingly, certain investments may exhibit characteristics that are inconsistent with the initiatives, standards, or metrics described herein. Any ESG-related statements, initiatives and goals with respect to the Fund’s investment strategy, portfolio and investments are aspirational and not guarantees or promises that all or any such initiatives and goals will be achieved, other than as set out in any applicable regulatory disclosures, including those made pursuant to Regulation (EU) 2019/2088. Any ESG measures, targets, programs, commitments, incentives, initiatives, or benefits referenced are not promoted to investors and do not bind any investment decisions or the management or stewardship of the Fund for the purpose of Regulation (EU) 2019/2088 unless otherwise specified in the relevant fund documentation or regulatory disclosures.
This web page contains projected results, forecasts, estimates, targets and other “forward-looking statements” concerning proposed and existing investment funds and other vehicles. Due to the numerous risks and uncertainties inherent in real estate investments, actual events or results, or the actual performance of any of the funds or investment vehicles described, may differ materially from those reflected or contemplated in such forward-looking statements. Accordingly, forward-looking statements cannot be viewed as statements of fact. The projections presented are illustrations of the types of results that could be achieved in the given circumstances if the assumptions underlying them are met. Prospective investors should not rely on such forward-looking statements in deciding whether to make an investment.
The statements in this web page are based on information which we consider to be reliable. This web page does not, however, purport to be comprehensive or free from error, omission or misstatement. We reserve the right to alter any opinion or evaluation expressed herein without notice. Statements presented concerning investment opportunities may not be applicable to particular investors. Liability for all statements and information contained in this web page is, to the extent permissible by law, excluded.
845 Texas Avenue
Suite 3300
Houston, TX 77002
United States
1 713 621 8000
Contact Hines
Grainhouse, 6 Dryden St
London WC2E 9NH
United Kingdom
44 207 292 1900
Suites 2801-02, One Exchange Square
8 Connaught Place
Central, Hong Kong, SAR
China
345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300
444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900
T3 West Midtown
383 17th Street NW, Suite 100
Atlanta, GA 30363
United States
1 770 206 5300
845 Texas Avenue
Suite 3300
Houston, TX 77002
United States
1 713 237 5600
12101 W Olympic Blvd
Suite 200
Los Angeles, CA 90064
United States
213 629 5200
Suites 2801-02, One Exchange Square
8 Connaught Place
Central, Hong Kong, SAR
China
One Horizon Center
12th Floor
Gurgaon 122002
India
91 124 480 2222
Grainhouse, 6 Dryden Street
London WC2E 9NH
United Kingdom
44 207 292 1900
Gadigal Country, The Peapes Building
Level 3, 285 George St
Sydney, NSW 2000
Australia
61 2 9232 3137
Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600
81 Bay Street
Suite 3500
Toronto, ON M5J 0E7
Canada
416 595 1949
Suite 333, Hyundai Motor Tower
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855
66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80
Hines Immobilien GmbH
Joachimsthaler Str. 1
10623 Berlin
Germany
49 30 726241 100
Mitropoleos 3
4th floor
Athens 10557
Greece
30 210 364 7895
Riverside 4, Third Floor
Central Quay, Sir John Rogerson's Quay
Dublin, D02 RR77
Ireland
353 1 7999900
Via Broletto 35
Milan 20121
Italy
0039 02 8962921
Italy.info@hines.com
Toranomon Hills Station Tower 32F
2-6-1 Toranomon Minato-ku
Tokyo 105-5532
Japan
81 3 4520 3500
35F Avenue John F. Kennedy
Luxembourg L-1855
352 264 337 1
Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809
Rokin 69D
Amsterdam 1012 KL
Netherlands
31 208 960 510
Jens Kofods Gade 1, 2.th
1268 Copenhagen K
Denmark
45 22 88 20 70
Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375
Wola Center
33 Przyokopowa Street
Warsaw 01-208
Poland
48 22 351 2400
Paseo de la Castellana 110, 2º B
Madrid 28046
Spain
34 91 703 00 23
HinesMadrid.Reception@hines.com
8F, D1, D Tower
17, Jong-ro 3-gil, Jongno-gu
Seoul 03155
Republic of Korea
82 2 6952 5203
Grainhouse, 6 Dryden St
London WC2E 9NH
United Kingdom
44 207 292 1900
The content you requested is published by the following website: