Dalton

HCM invested as a Limited Partner and leveraged its relationship with MBP to structure an efficient capital stack. The total equity commitment was $3.5 million, with a micro-fund created alongside the builder to achieve greater diversification.

This project represents the first of seven developments in a pipeline with HCM’s development partner. Located in a highly desirable, centrally positioned area within the USC neighborhood, the project benefits from strong long-term fundamentals.

The transaction closed in Q1 2022, and HCM negotiated full ROFR (Right of First Refusal) and ROFO (Right of First Offer) with the development partner, ensuring future strategic control and alignment across the pipeline.