The Hoban Family Office (HFO) is a single family office with a direct investment mandate covering real estate, operating businesses, and private equity/angel opportunities.
Our core strategy is built to protect our capital for future generations and grow our first generation wealth through low to moderate risk co-investments and direct investments while creating opportunities for other family offices to join in investing in our sponsored real estate investment offerings through Coast Equity Partners.
After brief careers in banking and sales, The Hoban brothers identified a market being underserved in the Seattle area and started the first of their real estate operating companies, Coast Property Management, in 1987. Today, that company manages over $5 billion of apartment, office, retail, self-storage and mobile home park properties from offices in the Bellevue/Everett area, Portland, Spokane, Boise and Phoenix.
The brothers found themselves to be capable entrepreneurs, launching several new real estate operating companies over the years. They successfully exited three of them, with the following currently in their portfolio:
Coast Property Management, the original company and its award-winning property management firm.
CPM, a small works and tenant improvement specialist general contracting firm.
Coast Workplace Solutions, a national facility services firm.
Coast Equity Partners, a real estate sponsor which serves to invest the principal’s and Hoban’s wealth alongside other family offices and high net worth individuals through a co-invest model.
Kapa Kai, a private insurance firm providing risk management services to HFO, its operating businesses, and the investors/clients they serve.
Through Coast Equity Partners, HFO has invested in quality workforce multi-family apartment properties valued at nearly $300 mil throughout the Puget Sound and other select markets.
Integral in the story of this family’s success is the willingness to take calculated risks to build a strong business and to work with exceptional partners when needed. Recent angel and private equity investing along with a desire to diversify the family’s holdings are one of the reasons HFO was formed in 2017.
Some of the companies the family is currently invested with include:
Our investment activity can be summarized as follows:
- Core-plus multi-family real estate assets in high barrier-to-entry markets
- Operating businesses that fit into our diversified commercial real estate service company growth plans
- Modest angel/private equity opportunities with ventures that possess strong exit team advisors
- Maintain sufficient liquidity
- Shorter-term private equity opportunities.
Annually, we determine our allocations and then execute a strategy to fill them.
If you are looking for a patient source of capital to buy-out a competitor or partner, exit your property management firm, co-invest with our family office, or a partner to work with on a large real estate transaction, please get in touch with us by emailing either of our founding principles, Tom Hoban or Shawn Hoban, at: email@example.com.