Herin Family Investments Ends the Year with Six Deals in Three Months
Houston, Texas. Finial Group assists Herin Family Investments (HFI), the parent company of Three Diamond Capital Holdings, in kicking off their new real estate investment fund by completing five acquisitions and one disposition within Q421. HFI plans to continue their real estate investment platform moving into 2022 and beyond by targeting value-add and stabilized industrial assets across all major Texas industrial markets, with a long-term plan of expanding into more states in the Southern United States. Finial Group is excited to continue its partnership with HFI and keep the momentum going as we move into the new year.
“Herin Family Investments was excited to kick off our real estate acquisitions with Three Diamond Capital Holdings – Fund 1. We were able to achieve roughly $50 million in transactions in just three short months, with the entire process starting and ending in Q4 2021,” says Jason Herin, President and CEO of Herin Family Investments. “Fund 2 will start in Q1 2022, with more industrial real estate acquisitions, with a focus on our continued acquisitions in the Texas market. Finial Group has been a trusted advisor and partner of Herin Family Investments for over ten years. The speed in which they work, the quality of the transaction process and assets sourced, and the integrity with which they operate are unparalleled. Finial Group is our single real estate partner for all our asset acquisitions and dispositions nationwide. Keith Bilski, Dylan Schopper and Jack Gaffney performed very well, and we look forward to working with them again on Fund 2.”
Information about specific deals can be found below:
Vantage Parkway Business Park
Located at 15331 – 15342 Vantage Parkway in Houston, Texas, the North Houston industrial park stands as HFI’s largest acquisition of 2021. The property consists of nine buildings totaling ±190,214 square feet on ±15.83 acres of land. Jack Gaffney and Dylan Schopper with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from Soundstar Properties, LLC. Photo courtesy of CoStar Group, Inc.
Horsepen Creek Business Park
Located at 14323 – 14423 FM 529 in Houston, Texas, the Northwest Houston business park plays a key role in HFI’s strategy to diversify the tenant mix and building size in the portfolio. The acquisition consists of seven buildings totaling ±46,800 square feet on ±6.39 acres of land. Jack Gaffney with Finial Group represented the buyer, Three Diamond Capital Holdings, in their purchase from H&B Development and Construction, LP.
11505 Todd Street
Located in the Northwest Industrial Submarket in Houston, 11505 Todd Street is conveniently located near Hempstead Highway, US-290, Beltway 8, and I-610. The +21,820 SF manufacturing building is located in a key infill location on +2.20 acres of land. Doc Perrier and Jack Gaffney with Finial Group represented Three Diamond Capital Holdings in their purchase from One Todd VHJT, LLC.
10692 Haddington
10692 Haddington Drive is a +26,737 square foot industrial space in the Northwest Houston Innerloop submarket. HFI executed a 10-year sale-leaseback with the seller, Lighting Associates, Inc. Chase Tucker and Jack Gaffney with Finial Group represented Three Diamond Capital Holdings in their purchase from Cypress Creek Interest LLC.
6942 Signat Drive
Located in the Northwest Industrial Submarket in Houston, 6942 Signat Drive is conveniently located near FM 529, US-290, Beltway 8, and I-10. The +10,400 SF manufacturing building is located on +0.82 acres of land in master-planned industrial park. Doc Perrier, Chase Tucker and Jack Gaffney with Finial Group represented Three Diamond Capital Holdings in their purchase from RAH Santa Fe, LLC.
Herc Rentals Portfolio
The Herc Rentals Portfolio is a four building, fully leased equipment rental portfolio located in Texas and New Mexico. The property totals +32,500 square feet on +17.70 acres, with an impressive 4.22% coverage ratio. All four properties were built in 2018 or later and are fully leased with a 9.5 year WALT to Herc Rentals (NYSE: HRI). Jack Gaffney with Finial Group represented Three Diamond Capital Holdings in the sale of the portfolio to WMP ONE TX, LLC.
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About Herin Family Investments and Three Diamond Capital Holdings:
Herin Family Investments is a Single Family Office headquartered in Houston, Texas, with Jason Herin as it’s President and CEO. HFI has several focused business units including real estate development, investment banking and philanthropy. The real estate development and investment division is managed under the Three Diamond Capital Holdings business unit, which has the sole purpose of building, developing, buying and selling industrial and commercial real estate assets.
About Finial Group:
Finial Group is a full-service commercial real estate firm that provides service focused, turnkey solutions to their client’s commercial real estate needs. The Finial Group offers investment, development, leasing, asset management and construction management services all under one roof. The Finial Group’s team members are dedicated to building the most revered brand in commercial real estate and maintaining an unrivaled reputation for quality of service and ability to execute.
For more information, please visit www.finialgroup.com or contact the Finial Group by email at info@finialgroup.com or by phone at 713-422-2100.