Robert B. Cohen, II
Hudson Capital Properties (HCP), amultifamily real estate investment and development firm focused on value-added acquisitions in Southeastern US markets, has been named a Freddie Mac Multifamily Select Sponsor for 2019, a designation reserved for Freddie Mac’s esteemed sponsors.
“We are honored to have been selected to be part of such an exclusive group,” said Robert B. Cohen, II, Chief Investment Officer of HCP. “We were chosen based on our demonstrated success in the market, and we look forward to further fostering our relationship with Freddie Mac.”
The Freddie Mac Select Sponsor program is a highly coveted designation, recognizing sponsors with a successful track record, and alignment with Freddie Mac’s mission to provide liquidity, stability and affordability to the U.S. housing market with an emphasis on securing housing for low- and moderate-income families. To qualify, honorees must present a business case, a detailed track record and provide recommendations by capital partners.
HCP targets assets that deliver immediate value through improved cash flow by seeking properties valued at or below their replacement cost, with attractive stabilized yields, and have the potential to add value through capital improvements.The firm and its principals invest considerable equity capital into its transactions and take a true owner-operator’s view of the strategy and timeline for each investment. HCP’s target markets have high barriers-to-entry and supply constraints with regard to properties located in established neighborhoods, CBDs and in educational and medical centers and often in state capitals. HCP is an expert at sourcing deals, frequently transacting with capital constrained sellers that have completed some phases of value add, and with sponsor groups seeking early exit following a quick uptick in value.
About Hudson Capital Partners
Founded in 2009, Hudson Capital Properties (HCP) is a multifamily real estate investment and development company. Through its affiliated companies, Hudson Capital acquires, owns, and operates a portfolio of multifamily properties in the Southeastern United States that currently comprises over 6,500 units, and is currently constructing more than 500 apartment units just outside of Manhattan. Led by industry leaders James S. Cohen, Frank Huttle III and Robert B. Cohen II, the HCP team has developed a track record of value creation through the acquisition, development, and management of multifamily properties. With in-house expertise in development, construction, asset management and finance, HCP has proven its ability to source opportunities, close transactions quickly and efficiently manage and perform large scale improvements on its properties.