HRI Properties Secures $150 Million Investment from Almanac Realty Investors

Posted on: October 24 2014 | Posted in: Latest News
New Orleans – October 22, 2014 – HRI Properties, Inc. (“HRI”) announced today that it has entered into an agreement with affiliates of Almanac Realty Investors LLC (“Almanac”), under which Almanac has committed to provide up to $150 million of growth capital to HRI. HRI will use Almanac’s capital to continue its focus on the development of mixed-use and revitalization projects, acquisitions and national growth. Further, the capital provides HRI with the flexibility to enter into joint ventures with other institutional partners and property owners to create real estate value.

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