Hamilton Point Investments Acquires Sixth Property for HPI Fund XIV

Hamilton Point Investments LLC – a real estate investment company based in Old Lyme, Conn. – announced the latest acquisition for its HPI Real Estate Fund XIV LLC: a 300-unit, multifamily property called the Bridgewater Grand in Lakeland, Fla. Constructed in 2022, the asset was 92% occupied at the time of closing, July 10.

The acquisition price, seller’s identity, and other terms were not disclosed.

Todd Williams, senior vice president of sales and marketing, anticipates that the offering, also known as Fund XIV, will close on or before mid-August. The Regulation D 506(c) offering has raised approximately $175 million in 11 months, he said, and will close at $200 million.

AltsWire reported on the launch of the fund last July.

According to the company, Fund XIV pursued equity through independent broker-dealers and registered investment advisers and was formed for the purpose of acquiring approximately $450 million of multifamily assets in high growth markets at below peak pricing and below replacement cost at a time where apartments are trading below their long-term trend valuations.

HPI believes that multifamily pricing has come down by nearly 20% or more from the 2022 peak and is attractive, particularly to replacement cost. The company expects that multifamily demand will remain strong as new supply continues to decline and single-family homes remain unaffordable.

Including the Lakeland property, the fund has acquired six recently built multifamily properties totaling 1,625 units located in Florida, South Carolina, and Texas. All six properties were purchased directly from the developers for an aggregate purchase price of $335.25 million.

“We are seeing absorption outpace supply particularly in markets like Texas, Florida and the Carolinas, this should result in long term positive rent growth in markets where HPI Fund XIV has been most active,” said Williams.

Last month, the firm fully subscribed HPI Bandera DST. The offering was made available for broker-dealer due diligence in April 2025, and the company said it raised $20.7 million in equity just 34 days after executing its initial selling agreement.

Since its inception in 2009 Hamilton Point Investments has acquired nearly 35,000 apartment units for some $3.5 billion. The firm has taken 14 investment programs full cycle – seven funds and seven DSTs all within a three to five-year hold period.

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