Approach

Our investment thesis has been honed over the past 30+ years of investing and managing a variety of real estate assets through the Pacific Northwest. The formation of the family office structure in 2017 allowed HFO to design a broad investment strategy that assessed the risks and opportunities of a wider spectrum of investment channels. With a deep concentration in commercial real estate, HFO has enjoyed remarkable returns over the past three decades that has resulted in a portfolio of assets today that serves as the foundation of our investments. Our investment thesis is based on the following:

We are a REAL ESTATE FIRST investor

• We place high value on markets with expanding and diversified job growth, particularly in technology and manufacturing industries
• We place high value on markets with high barriers to entry
• We place high value on multi-tenant commercial real estate with an emphasis on Multifamily apartment properties
• We place high value on investments with the ability to secure favorable long-term debt (10yr+) using conservative loan-to-value ratios
• We place high value on assets that produce consistent cash flow beginning in their first quarter of ownership

We are opportunistic investors in OPERATING BUSINESSES

• We place high value on operating businesses that create strategic advantages for our existing portfolio of commercial real estate-related businesses with a priority on property management companies in the Western US
• We place high value on organizations looking for a succession of their current ownership group or who bring unique expertise or competencies to our current scope of services

We are opportunistic investors in EARLY STAGE COMPANIES

• We place high value on companies where we see disruptive application of technology to the real estate industry
• We place high value on the entrepreneur and the management team
• We place high value on the profile of the other early stage investors
• We place high value on companies with clear exit strategies