Hq Capital Real Estate L.P. (New York)

Name: Hq Capital Real Estate L.P.
Address: 1290 Avenue Of The Americas, New York, NY, 10104
Telephone: 212-843-6100

Hq Capital Real Estate L.P. is a large advisory firm based in New York. It manages $1.28 billion of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of New York, Texas, Virginia, and Washington.

Hq Capital Real Estate provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hq Capital Real Estate: assets under management

The assets under management (AUM) of Hq Capital Real Estate L.P. is $1.28 billion. The firm's AUM has grown by 15% since the beginning of its operation, and $393.75 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.17 billion in discretionary accounts and $109.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $78.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.33 million.

Hq Capital Real Estate has custody of $1.17 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hq Capital Real Estate L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hq Capital Real Estate serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Hq Capital Real Estate is pooled investment vehicles with 17 clients and $1.17 billion of assets under management. Among the 7 most similar advisory firms, Hq Capital Real Estate has the 2nd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.28 billion for 59 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 58% of the firm’s clients are foreign persons or businesses.

Hq Capital Real Estate also advises several private funds. Namely, fourteen real estate funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hq Capital Real Estate L.P.

The company employs 87 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeremy Daniel Katz joined the executive team most recently as the Co Head Of Real Estate.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Recap Gp	General partner	1 Aug 1989	Other	20-2588683
Llc Hq Capital Real Estate Gp	General partner	1 Aug 1989	Other	20-2588683
Llc Ffb Recap	Limited partner	1 Jan 1996	Other	22-3442223
Paul James Doocy	Authorized officer	1 Mar 2014	Other	1291938
Michael Stuart Fruchtman	Managing director	1 Mar 2014	Other	4782911
Sylvia Irene Gross	Managing director	1 Mar 2014	Other	1740325
Andre Kinney	Authorized officer	1 Mar 2014	Other	4519115
Robert John Mcgee	Authorized officer, chief compliance officer	1 Mar 2014	Other	4348171
Karin Ellen Shewer	Authorized officer	1 Mar 2014	Other	4347903
Thomas Etzel	Authorized officer	1 Mar 2014	Other	6315447
Hq Capital Gmbh & Co. Kg	Limited partner	1 Jan 2015	75% - 100%	foreign
Hq Capital Management Gmbh	General partner	1 Jan 2015	Other	foreign
Timmy Jay Avery	Chief financial officer	1 Oct 2015	Other	6012258
Georg Fritz Wunderlin	Chief executive officer	1 Sep 2016	Other	6173591
Janine Deniece Diljohn	Chief compliance officer	1 Mar 2017	Other	6454063
Heiko Hans Dimmerling	Chief operating officer	1 Apr 2017	Other	6818880
Jeremy Daniel Katz	Co-head of real estate	1 Jun 2017	Other	6850575

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Franz Burda	Member	1 Jan 1996	50% - 75%	4348197
Frieder Burda	Member	1 Jan 1996	50% - 75%	4348195

Based in New York

The principal office where Hq Capital Real Estate L.P. performs its advisory services is located at 1290 Avenue Of The Americas, New York, NY 10104, which is also the mailing address of the firm. An additional office of the firm is in Herndon, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-843-6100 or by fax 212-843-6120. The normal business hours are 8:30 am - 5 pm on Monday - Friday. You can find more information about the New York firm at recp.com and its LinkedIn profile.