Hutensky Capital Partners (HCP) is a real estate fund manager that invests exclusively in major-market retail assets. Our ability to convert underperforming assets into instruments of profitability makes us an industry leader in this highly specialized area. HCP has generated attractive, predictable, risk-adjusted returns for our investors — including some of the country’s most prestigious foundations, endowments, pension funds and educational institutions. HCP offers three types of retail investments: Joint venture equity with experienced local partners for new development and redevelopment; and leasing and repositioning of shopping centers. Purchase and recapitalization of debt instruments secured by retail assets. Purchase of shopping centers. HCPs’ roots in the shopping center industry reach back more than 30 years to the founding of its affiliate, The Hutensky Group. Since inception, HCP has offered more than just creative, flexible capital. We have always combined a deep understanding of the shopping center business and strategies from value creation built on strong relationships with industry professionals that include most major retailers. The company initiated this concept to provide a powerful combination of capital and expertise. Our team of experienced and knowledgeable retail real estate professionals is an asset to our investors and partners, as well as an integral part of our competitive advantage. Hutensky Capital Partners (HCP) is an experienced provider of joint venture equity that can be quickly deployed in creative structures designed for strategically aligned developer/operators for a variety of uses. Acquisitions: HCP can provide up to 100 percent of the equity needed for value-added acquisition opportunities identified by an owner/operator. Recapitalization: HCP can fund and negotiate discounted loan payoffs and note purchases that allow owners to restructure debt on quality retail projects. HCP can also fund capital for lease-up expenses, finance improvements and redevelopment plans, or cover the cost of buying out a partner. New Development: HCP will fund pursuit expenses and project equity to create and construct quality, ground-up, retail development projects with strong sponsorship. Acquisition Criteria Hutensky Capital Partners is a discretionary real estate fund seeking value-oriented, opportunistic retail properties. Retail assets that fall within the following general criteria will be considered: • $15 million minimum investment • Minimum 75,000 square feet • Neighborhood, community and specialty retail centers with a focus on supermarket or big-box anchors • Primarily seeking value-added/turnaround opportunities • Will consider core-plus opportunities
Retail |
JV partnership |
Acquisition/Fee Simple |
Performing/Non-performing loans |
Core+ |
Value-add |
Opportunistic |
Development |
Brad Hutensky serves as Fund Manager of two, closed-end discretionary retail investment funds, Hutensky Capital Partners II LP and Hutensky Capital Partners III LP. In that capacity, he is responsible for overseeing all activities of the Funds with a focus on fund raising, investment strategy, sourcing investment opportunities, and developing overall strategy for creating asset value for the retail real estate investments. Mr. Hutensky also serves as President and owner of The Hutensky Group, a leasing and property management affiliate of the Funds. He has extensive experience in the acquisition, management, leasing and redevelopment, financing, and disposition of shopping centers throughout the country and has been involved in more than 100 shopping centers since joining The Hutensky Group in 1989. He is a licensed real estate broker with hands-on experience in every major discipline in the shopping center industry. Mr. Hutensky is a member of the Executive Committee of the Board of Trustees of the 60,000 member International Council of Shopping Centers (ICSC) and served as ICSC’s 53rd Worldwide Chairman from 2012-2013. Mr. Hutensky has also served as Chair of the Urban Land Institute’s (ULI) Commercial Retail Development Council (Blue Flight). He frequently speaks on retail real estate topics for the ICSC, ULI and other organizations. Prior to joining THG, Mr. Hutensky was employed by several national real estate development and finance organizations. He holds an M.B.A. from the Harvard University Graduate School of Business and an A.B. degree from Dartmouth College.
John Carey serves as a board member of the General Partner. In that capacity, he helps to guide and manage the Funds’ investment strategies, source investment opportunities, and develop overall strategies for creating asset value. He also oversees the Funds’ asset management and capital market functions. Mr Carey currently serves as a senior manager of HRI Fund and HCP II and as Executive Vice President of The Hutensky Group. Since joining The Hutensky Group in 2008, Mr. Carey has managed all aspects of the company’s asset management effort and has also been involved in all of THG’s acquisition and finance activities. He serves as Vice Chairman of HCP II’s Investment Committee and will serve in that role on the Fund’s Investment Committee. Prior to joining THG, Mr. Carey had a 17-year career at CIGNA Investments, Inc. with experience across many areas in the real estate division, including positions as a Managing Director in Originations and as Vice President in both the acquisitions and asset management departments. He also served as President of CIGNA Financial Partners, a CIGNA affiliate that managed 13 real estate limited partnerships. Prior to working at CIGNA, Mr. Carey was an Audit Manager at KPMG. Mr. Carey, who earned a B.S. degree from Central Connecticut State University, is a Certified Public Accountant and a member of the ICSC and ULI.
George Demuth focuses on asset and portfolio management and strategy for owned properties. He also participates in the Funds’ sourcing and evaluation efforts for new acquisitions. In this role, he maintains ongoing relations with operating partners relative to both day-to-day property activities and the formulation and execution of development and redevelopment strategies. Mr. Demuth also has extensive retailer relationships and is an expert on retail leasing and tenant mix. Mr. Demuth joined The Hutensky Group in 2011. He started in the industry in 1981 and has been involved in all aspects of retail real estate development, redevelopment, leasing and acquisition on behalf of institutional owners. He has served in various capacities as a senior officer and department head for both publicly traded and privately held firms, including as chief operating officer with responsibilities for all acquisitions, operations and development efforts. Mr. Demuth is active with ICSC, serving on the national Open Air Centers Committee as co-chair of its annual conference and as a state director. He graduated from Tufts University with a B.A. in Urban Planning in Economics.