Hammes Partners, one of the leading institutional investment management firms focused on the U.S. healthcare real estate market, announced the final closing of its third closed-end value-add fund, Hammes Partners IV, L.P. (the “Fund”), with $739 million in capital commitments. The oversubscribed Fund achieved its hard cap within seven months of its launch, receiving strong support from existing investors and consulting relationships, and substantial interest from a diverse base of new investors.
Building on Hammes’ track record of successful investing that spans two decades and drawing on its roots as an operator, the Fund will invest in acquisition and development opportunities in U.S. healthcare real estate, similar to prior funds. Hammes intends to utilize its longstanding industry relationships and expertise to take advantage of strong secular trends, including an aging population and healthcare services increasingly provided through outpatient venues.
Reflecting on the Fund IV close, Patrick Hammes, Managing Principal of Hammes Partners, said, “We appreciate and remain highly committed to our investors, many of whom have supported us since the inception of our institutional fund platform. The high level of trust from our investors reflects our platform’s longstanding track record in healthcare, real estate acumen, and access to unique investment opportunities. We are also thankful for our team who has worked extraordinarily hard during the pandemic to continue to deliver exceptional performance for our partners.” Investors in the Fund include endowments, foundations, pension funds, insurance companies, family offices, investment and wealth managers, and fund of funds.
“We are thrilled to have achieved the hard cap that we selected for this fund,” commented Todd Kibler, Managing Principal of Hammes Partners. “Our team is committed to executing our investment strategy with the same rigor that has contributed to our strong financial performance over two decades and across economic cycles. We believe our partners will continue to benefit from our disciplined investment approach, robust investment pipeline, and deep industry relationships.”
As part of a national, vertically integrated healthcare real estate platform, Hammes Partners is complemented by the suite of services offered by its affiliates, including Hammes Healthcare and Hammes Realty Services. Hammes Healthcare is a nationally recognized leader in healthcare real estate consulting and project delivery. Hammes Realty Services provides comprehensive property management services and is available for the exclusive use of Hammes affiliates.
Alston & Bird, LLP served as legal counsel in the formation of the Fund.
About Hammes Partners
Hammes Partners is a private investment platform focused exclusively on the U.S. healthcare real estate market, including investments in existing assets, entitled development projects and adaptive reuse opportunities.
As part of a national, vertically integrated healthcare real estate platform, Hammes Partners is complemented by the suite of services offered by its affiliates, which include Hammes Healthcare and Hammes Realty Services. The Hammes platform has been recognized as one of the nation’s leading healthcare developers by Modern Healthcare’s Construction & Design Survey for 23 consecutive years—including 19 years as No. 1— and by Revista’s Outpatient Healthcare Real Estate Development Report.
Headquartered in Milwaukee, Wisconsin, Hammes provides services through a network of regional offices strategically located across the United States. For more information, please visit www.hammespartners.com.