Hunter Street Completes Sale of Residential Property Portfolio
Portfolio of 51 properties sold to leading provider of housing for people with behavioral health needs
MINNEAPOLIS, November 30, 2021 / PRNewswire / – Hunter Street Partners (“Hunter Street”), a Minneapolisalternative investment management company, is pleased to announce that it has sold its portfolio of residential properties for people with intellectual and developmental disabilities (âIDDâ) to a private real estate investment company that targets productive housing income in the sector.
Since the initial acquisition by sale-leaseback in March 2019, the portfolio has grown from 22 properties to 51 single-family, duplex, multi-family and acute care group homes. Hunter Street has partnered with one of the from minnesota main providers of services to people with IDD as a real estate capital partner.
âWe are delighted to have found a perfect buyer who specializes in real estate for the behavioral needs space and will continue to serve existing residents,â said Neal johnson, CEO and CIO of Hunter Street. “We are proud of the solution we have created with the local IDD community and the growth of the portfolio, which provides housing and extended service offerings to individuals with a wide range of needs while meeting the objectives of our investors” , said Andrew Platt, partner at Hunter Street.
About Hunter Street Partners
Hunter Street Partners is a MinneapolisAn alternative investment management firm that provides capital solutions to operational partner teams and lower middle market companies in corporate finance, real estate and specialty finance. The company focuses on fundamentals and asset oriented credit and equity opportunities. Learn more about Hunter Street Partners at www.hunterst.com.
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SOURCE Hunter Street Partners