UK private equity real estate investor, Henley Investments is expanding into the United States
Henley Investments, UK private equity real estate investor, and $100 million funders of Jack DeBoer's Waterwalk Hotel Apartments franchise is expanding into the United States with opening of offices in Boston, Massachusetts, and Orange County, California.
Henley USA will be headed by Garrett Solomon, the founder of
Corbelis, an award winning, nationally recognized residential land
development and management company. Prior to forming Corbelis in
2012, Solomon spent almost two decades with well-known real estate
private equity firms Rockpoint Group and Westbrook Partners.
Henley USA will launch with five US based team members and
expects that they will actively be seeking further talent to grow
their presence. In addition, Henley USA and Corbelis will also
create a new venture called Henley Corbelis, which will continue
the existing Corbelis business and act as an operator on direct
deals when appropriate.
Ian Rickwood, Chief Executive Officer of Henley says: "We see a real opportunity in the U.S. real estate market, post the great recession many high quality innovative entrepreneurs have struggled to raise equity finance in an efficient manner to grow their operations, our model unlocks that. We are looking forward to working with great local operators."
Henley USA will operate the same opportunistic entrepreneurial platform as its European counterpart, seeking to invest in the best operators across the real estate market with a particular focus on arbitrage, dislocation and distress. Rickwood continued:
"We are excited to have Garrett leading our efforts in the US and are looking for entrepreneurial individuals or firms with a solid track record or unique insight into the market, who have the ambition, energy and desire to grow much bigger ventures."