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HC2 Capital

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HC2 Capital

HC2 Capital (HC2) is a real estate private equity firm located in Dallas, Texas. We focus on investing where we believe the potential for reward outweighs the implied risk.  HC2 places the highest priority on preservation of capital and alignment of interests while applying our proven analytical process to fully understand the path to value creation.

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WHO WE ARE


WHO WE ARE

WHO WE ARE


WHO WE ARE

Together the partners at HC2 have sourced, structured, closed, and managed more than $1 billion in real estate investments consisting of senior and mezzanine debt investments and preferred and common equity investments. Product types include: multifamily, mixed-use, senior housing, student housing and office.

HC2 focuses on opportunities in major Sunbelt markets with an emphasis on the state of Texas. Our culturally diverse team has a successful track record of raising capital from international and domestic markets. HC2 management has an average of 14 years of investment experience.


WHAT SETS US APART

 

ACCESS TO UNIQUE SOURCES OF CAPITAL

HC2's culturally diverse team understands the complexities of foreign direct investment. The partners at HC2 have spent years traveling abroad sourcing foreign capital for investment in U.S. real estate. Having invested more than $500 million on behalf of foreign high net worth families and institutions, HC2’s partners understand the strategic goals of foreign investors.

 

RELATIONSHIPS

HC2’s partners have on average 14 years of investment management experience during which time they’ve developed deep relationships with developers, brokers, lenders, attorneys and other industry professionals that provide HC2 a consistent pipeline of quality investment opportunities.   

 

TAILORED INVESTMENT STRUCTURES

HC2 has experience investing in every position in the capital stack, including most real estate product types. This allows the firm to shift between asset classes, geography, and position in the capital stack as we perceive the shift of risk-reward dynamics.

 

BROAD EXPERIENCE

Partners at HC2 have experience investing in long/short equities, distressed debt, private equity, and real estate private equity through both up and down cycles.  Through this broad experience, the partners at HC2 have developed an investment philosophy we apply to each investment: eliminate the losers, avoid crowds, and invest at a fair basis in assets that will produce and grow cash flow.  

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TEAM


LEADERSHIP

TEAM


LEADERSHIP

HC2 is comprised of a seasoned team of investment professionals who have worked together for more than five years and possess a successful track record investing through both up and down real estate cycles


 

JIM CRIGLER

MANAGING DIRECTOR

Mr. Crigler has more than 15 years of investment management experience. Prior to co-founding HC2, Mr. Crigler was a partner at Civitas Capital Management where he was a key member of the team that sourced, structured, closed and managed a $500 million plus portfolio of debt and equity investments. Mr. Crigler’s background is diverse, providing HC2 with a broad range of skills. Prior to Civitas, Mr. Crigler was a partner at Royalton Real Estate Capital (now SWBC Real Estate) and Senior Vice President with Highland Capital Management.  In both positions, he was responsible for identifying investments and managing investor relationships. Prior to his tenure at Highland, Mr. Crigler worked for six years with MCM Associates, a New York based long/short hedge fund focused on small cap stocks. Mr. Crigler was responsible for financial analysis of potential investments with an emphasis on the short portfolio. Mr. Crigler holds a Bachelor of Science in Finance from Louisiana State University.

 

TINA HOU

MANAGING DIRECTOR

Ms. Hou has more than 12 years of international investors relations experience. Prior to co-founding HC2, Ms. Hou was a partner at Civitas Capital Management where she raised the majority of the capital for the company’s $500 million plus portfolio. Previously, she was Managing Director with Commonwealth International Consulting Services, where she focused on facilitating business integration between Chinese and U.S. companies. Prior to that, she was with JPMorgan Chase Bank for five years, serving most recently as International Client Manager. Ms. Hou holds a Bachelor of Arts in Economics from the University of California at Los Angeles and is fluent in Mandarin, Cantonese and Shanghainese.

 

GABRIEL HIDALGO

MANAGING DIRECTOR

Mr. Hidalgo has more than 15 years of investment management experience. Prior to co-founding HC2, Mr. Hidalgo was a Partner at Civitas Capital Management.  At Civitas, Mr. Hidalgo was a key member of the team that sourced, structured, closed and managed a $500 million portfolio of debt and equity investments. Mr. Hidalgo specializes in hospitality, senior living, multifamily and office properties and he’s closed numerous equity, senior debt, and subordinated debt transactions. Prior to Civitas, Mr. Hidalgo was an Asset Manager and Investment Associate at Macfarlan Capital Partners, L.P., a Dallas-based real estate private equity firm that has completed over $1 billion in transactions. Prior to his tenure at Macfarlan, Mr. Hidalgo served as portfolio manager and investment analyst with CSG Investments, Inc., the investment advisor to Beal Bank, SSB. Mr. Hidalgo holds a Master of Business Administration from Southern Methodist University and a Bachelor of Science in Economics from Texas A&M.

 

DOUG CONNER

MANAGING DIRECTOR

Mr. Conner has eight years of investment management experience. Prior to co-founding HC2, Mr. Conner was a Senior Vice President with Civitas Capital Management. At Civitas, Mr. Conner, along with Mr. Crigler and Mr. Hidalgo, was a key member of the team that sourced, structured, closed and managed the company's $500 million portfolio. Mr. Conner specializes in multifamily, senior living, and mixed-use properties, and he has closed equity, senior debt and subordinated debt transactions.  Prior to Civitas, Mr. Conner was a Financial Analyst with Wells Fargo Bank where he underwrote affordable multifamily loans and performed analytical due diligence on a $130 million loan portfolio. Mr. Conner participated in the bank's Financial Analyst Program and received extensive training in credit underwriting. Mr. Conner holds a Master of Business Administration from the University of Texas at Austin and a Bachelor of Science in Economics and Spanish from the University of Virginia.

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INVESTMENT APPROACH


INVESTMENT APPROACH

INVESTMENT APPROACH


INVESTMENT APPROACH

HC2 employs a disciplined investment approach to set up investment opportunities where we believe the potential for reward outweighs the risk implied.  We invest across the risk spectrum from opportunistic to core to debt.  We place the highest priority on preservation of capital and we prioritize consistency - a batting average - not extreme outperformance and extreme losses.  We employ a top down and bottom up approach to investing.  Top down macro research drives market and submarket concentration while bottom up analysis drives individual property selection.

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product TYPES

HC2 invests in the development, acquisition and repositioning of multifamily, office, senior living, and student housing assets. 

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GEOGRAPHIC FOCUS

HC2 focuses on major Sunbelt markets with an emphasis on the state of Texas.  

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INVESTMENT SIZE

HC2 targets investments ranging from $2-15 million, but can adjust to each individual opportunity.
 

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CAPITAL STRUCTURE

HC2 has the ability to acquire assets directly, make joint venture equity investments, preferred equity investments and mezzanine loans.

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INVESTMENTS


INVESTMENTS

INVESTMENTS


INVESTMENTS

Select Investments

Apartments

multifamily ACQUISITION

Location:      Various
Investment:  Equity
Amount:       $1.0 Million

SENIOR HOUSING ACQUISITION

Location:      Pacific Northwest
Investment:  Equity
Amount:       $5.0 Million

Senior Housing

SENIOR HOUSING ACQUISITION

Location:      Houston / Atlanta
Investment:  Equity
Amount:       $5.0 Million

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MULTIFAMILY DEVELOPMENT

Location:      Houston, Texas
Investment:  Equity
Amount:        $7.3 Million

Current Transactions


Current Transactions


CURRENT TRANSACTIONS

STUDENT HOUSING DEVELOPMENT

Location:      Dallas-Fort Worth
Investment:  Equity
Amount:       $13.0 Million

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multifamily acquisition

Location:      Various
Investment:  Equity
Amount:        $5.0 Million

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MULTIFAMILY DEVELOPMENT

Location:      Dallas-Fort Worth
Investment:  Equity
Amount:        $5.0 Million

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CONTACT


contact

CONTACT


contact

HC2 Capital

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HC2 Capital, LLC   │   8235 Douglas Avenue   │   Suite 818   │   Dallas, Texas 75225

T: 214.217.7808    │  investor@hc2capital.com

 

If you're interested in learning more about HC2, please complete and submit the form below:


 
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