In 1977, HIG Founder Judah Hertz began his career in New York City with one thousand dollars and the uncanny ability to discern undervalued assets.
The first acquisitions for the small, family-held real estate firm were in Manhattan’s SoHo area, anticipating by more than fifteen years the neighborhood’s spectacular renaissance. Similarly prescient in south Miami Beach, Mr. Hertz converted “forgotten” buildings into valuable condo properties.
In the nineties, the acquisition of prestige holdings in downtown Los Angeles marked the beginning of the next chapter of HIG’s growth. Within a few years, proceeds from this successful collection provided the resources to begin a series of purchases that fulfilled Mr. Hertz’s vision: institutional-quality, signature downtown properties in vibrant cities across the country.
HIG currently controls over twenty million square feet of Class A office space spanning twenty-three cities in 17 states. Tenants appreciate the respect and commitment the company has directed toward these often “one-of-a-kind” buildings. And investors have appreciated the properties’ consistently strong immediate returns that are combined with capital preservation and significant upside potential.
Mr. Hertz’s vision continues as the company grows; HIG’s longevity and reputation in the industry make it privy to the most lucrative – often off-market – opportunities, enabling its investors to acquire premiere properties at a competitive basis significantly below replacement cost. The result is a solid growth of asset value anchored in the long-term vitality of America.