Fund III

HIG Real Estate III (Fund III) opened in the Spring of 2024 and was the fifth close-ended fund established by Harris Investment Group. The purpose of Fund III was to to deliver income, growth, and depreciation benefits for investor partners by securing deep-value opportunities within a portfolio of NNN gas stations and apartment assets. Through offering two share classes, investor partners were able to make more of what they are seeking—income or growth. 

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From March 2024 until the end of the year, the HIG team raised and deployed $20.3M of investor capital. The fund portfolio includes an asset mix of 1 student housing apartment complex and 23 retail gas stations and truck stops. This asset mix is a key differentiator of the firm's unique strategy which enables the fund to deliver both high returns and high depreciation loss benefits. 

Fund III is closed to additional investor capital.